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NEW QUESTION # 20
Petra is setting up a contract for a new construction project that must be robust with little flexibility. The contract stipulates that the client will bear the risk of unforeseen negative circumstances. Which type of contract is most suitable?
Answer: A
Explanation:
FIDIC contracts are known for their robustness and low flexibility, placing risk on the client.
NEW QUESTION # 21
Which project management methodology outlines a process for closing a project?
Answer Options:
Answer: A
Explanation:
Prince2 has a defined "Closing a Project" phase (p.136).
Monte Carlo (A) relates to risk analysis.
Critical Path (B) maps dependencies but does not specify closure.
MRP (C) is used for inventory planning. [P.136]
NEW QUESTION # 22
Which of the following statements about investment appraisal techniques are true? (Select all that apply.) Answer Options:
Answer: A,B,C
Explanation:
Option B is correct - ROCE is expressed as a percentage (p.87).
Option C is correct - Payback Analysis only considers the break-even point (p.83).
Option D is correct - IRR and NPV are often used together (p.82).
Option A is incorrect - Profit maximization is not the primary focus of non-discounted cash flow methods. [P.82-87]
NEW QUESTION # 23
Jerry is responsible for starting a new construction project.
His company wants to build a new Water Park on the outskirts of town.
He has prepared a Statement of Need, outlining requirements and benefits.
Senior Management has approved the project to move forward.
Q: What should be Jerry's next task?
Answer Options:
Answer: C
Explanation:
The next stage after a business justification is a Feasibility Study (p.18-19). This assesses financial viability and risks before moving forward. Concept design and project brief come after feasibility, and the construction manager is appointed much later in the process. [P.18-19]
NEW QUESTION # 24
Which type of organisational culture has a flat hierarchy and a fast responsiveness to change?
Answer: C
Explanation:
This is the Person Culture. Refer to the comparison table of Handy's 4 Culture Types for details on responsiveness and hierarchy.
NEW QUESTION # 25
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