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NEW QUESTION # 41
What is the purpose of Cybernetic Control within Project Management?
Answer Options:
Answer: A
Explanation:
Cybernetic Control reduces errors by monitoring distortions in a project (p.112-113). It uses automated tracking systems to signal when deviations occur, enabling quick corrective actions. Option A relates to resource planning, C to project valuation, and D to general tracking, but not specifically error reduction. [P.112-113]
NEW QUESTION # 42
A programme is a framework which allows multiple projects to be completed simultaneously. Is this TRUE?
Answer: A
Explanation:
A programme is designed to coordinate multiple projects to achieve strategic objectives.
NEW QUESTION # 43
Fire Light Corporation has secured a contract to design a new bridge for a local council. The council wants a price set in advance but allows for minor adjustments due to unforeseen circumstances. Which pricing mechanism is most suitable?
Answer: A
Explanation:
A fixed lump sum contract sets the price in advance while permitting small adjustments if necessary.
NEW QUESTION # 44
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: C
Explanation:
FIDIC contracts are known for their robustness and low flexibility, placing risk on the client.
NEW QUESTION # 45
Liability limitation often focuses on which of the following types of loss, which is said to be the most unpredictable and most significant in the case of a default on a contract?
Answer: D
Explanation:
Consequential loss is considered the most unpredictable and significant, hence it is often the focus of liability limitations.
NEW QUESTION # 46
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