Sarah is a Project Manager running a project to create a new type of shoe that is sensitive due to intellectual property issues. She is undergoing Programme Level Control. What is the purpose of Programme Level Control?
Programme Level Control is used to ensure that adequate resources are allocated to complete the project on time.
Mustard Ltd contracted Red Ltd for IT services, requiring 98% internet connectivity.
Red Ltd has only achieved 90% connectivity despite multiple meetings.
Mustard Ltd now seeks to terminate the contract.
Q: Can Mustard Ltd terminate the contract?
Answer Options:
Connectivity is listed as a warranty, not a condition (p.125).
Warranty breaches allow for damages but do not permit contract termination.
If it were a 'condition' instead of a warranty, termination would be allowed. [P.125]
In a fixed lump sum contract, this pricing mechanism does not allow for any changes in price. Is this statement TRUE?
Fixed lump sum contracts are widely used in construction and infrastructure projects.
Answer Options:
Fixed Lump Sum contracts allow limited price changes under specific conditions (p.55), such as client variation requests, force majeure, or inflation adjustments. Firm Fixed Price contracts, however, do not allow any changes. [P.55]
Skipped
Bruce is an entrepreneur who runs a small candle-making business that employs 10 people. He has recently completed a project outlining how he wishes to expand the business into making soaps. The project was a success, and Bruce is now feeding back to his team on what went well and what didn't go well with the project. What type of knowledge is Bruce sharing?
Tacit knowledge is the correct answer. Of the options listed, only explicit and tacit are types of knowledge, so you can discount options C and D. The study guide states on p. 147: 'Many of the lessons learned by project managers fall under the category of tacit knowledge.'
Domain: 2.4
Which of the following is true about Engineering, Procurement, and Construction (EPC) Contracts? (Select all that apply.)
EPC contracts, commonly referred to as Turnkey Projects, are widely used in construction and infrastructure projects. These contracts require the contractor to design, procure materials, and construct the project to deliver a complete and operational facility to the client.
Answer Options:
The correct answers are 1, 3, and 4 (p.8). Option 2 is incorrect as it describes a DBO (Design-Build-Operate) contract rather than an EPC contract. Option 5 is incorrect because it describes a PPP (Public-Private Partnership) contract, not an EPC contract. [P.8]
