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NEW QUESTION 43
You are the project manager at a large automaker in Japan. Your project involves designing the next generation 4-wheel drive Sport Utility vehicle for the Asian market. A new fuel efficient engine design is required as part of your project.
Unfortunately, your project team did not have the necessary expertise to design and manufacture a new fuel-efficient engine. Hence, your company plans has decided to subcontract all the engine designs to an outside manufacturer. You are currently in the Contract Administration process. Which of the following statements is true regarding the Contract Administration process?

• A. Contract between the buyer and seller is created during the Contract Administration process.
• B. Contract Administration involves preparing the documents needed to support Request sellers Response.
• C. The tools/ techniques of Contract Administration include contract negotiation, weighting systems and independent estimates.
• D. Contract Administration involves ensuring that the seller's performance meets the contractual obligations
• E. Contract Administration is a Project Management Execution process

Answer: D

NEW QUESTION 44
A project has five activities: A-B-C-D-E All are finish-to-start (FS) Activity duration and order of implementation are as follows Activity A has a duration of one day Activity B follows A and takes five days Activity C follows B and takes two days. Activity D follows B and A and takes two days. Activity E is preceded by C and D and takes two days What are the total float and free float days for activity D?

• A. 5.0
• B. 0.5
• C. 0.0
• D. 5.5

Answer: C

NEW QUESTION 45
Company expenses such as auditing costs, supervision, office supplies, building rent and maintenance are elements of the:

• A. Fringe benefits packages.
• B. Overhead rates.
• C. Capital budgeting process.
• D. Contracts and administration costing system.
• E. None of the other alternatives apply .

Answer: B

NEW QUESTION 46
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