Project management is an art. There are many tools, techniques, and processes that you need to understand to be good at it. One of the best ways to learn is through practice and drills. We have created a project management quiz where you can test your knowledge of project management.
Let’s get started with project management quiz questions with answers.
Bidder conferences are used to:
a. Answer questions about the project prior to submittal of proposals
b. Answer questions about the project after contract award
c. Debrief the bidder on their performance after completion of the contract
d. Solicit pricing information from the bidders on proposed scope changes
During contract negotiations, the goal of the seller is to:
a. Get the buyer to accept the greatest amount of risk
b. Get the largest possible profit margin regardless of the risk
c. Get the largest possible price for the contract
d. Negotiate a contract where the profit margin is commensurate with the risk the
contractor is expected to incur
Which of the following contract types has the greatest risk with the buyer?
a. Cost sharing
The cost of renting a piece of equipment is $200 per day and the leasing cost is $5000 plus $100 per day. The breakeven cost between renting and leasing occurs at _ days.
Which of the following is part of the responsibility of a contract administrator?
a. Inspections and audits
b. Performance reporting (Documenting seller’s performance)
c. Approval of waivers
d. All of the above
Which type of cost-plus contract provides the seller with a guaranteed dollar-value profit rather than as a percentage?
A covenant providing restrictions on certain proprietary knowledge is called a:
a. Non compete clause
b. Non-disclosure clause
c. Non conformance clause
d. Penalty clause
In which of the following would the price of a possible contract not be included?
a. Request for information (RFI)
b. Request for quotation (RFQ)
c. Request for proposal (RFP)
d. Invitation for bids (IFB)
Failure to exercise one’s activity in such a manner that a reasonable person would do in a similar situation is:
b. Liquidated damages
c. Breach of contract
d. Privity of contract
Billing the cost of repairs against a financially closed out project is called _.
a. Back charging
c. Order of precedence