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NEW QUESTION: 1
You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?
A. Explanation:
When the project team needs training to be able to complete the project work it is a cost of conformance to quality. The cost of conformance to quality defines the cost of training, proper resources, and the costs the project must spend in order to ascertain the expected levels of quality the customer expects from
the project. It is the capital used up throughout the project to avoid failures. It consists of two types
of costs:
Prevention costs: It is measured to build a quality product. It includes costs in training, document
processing, equipment , and time to do it right.
Appraisal costs: It is measured to assess the quality. It includes testing, destructive testing loss,
and inspections.
B. Team development
C. is incorrect. Team development describes activities the project manager uses to create
a more cohesive and responsive project team.
D. Benchmarking
E. Cost of conformance to quality
F. Cost-benefits analysis
G. is incorrect. Cost-benefit analysis is the study of the benefits in relation to the costs to
receive the benefits of a decision, a project, or other investment.
Answer: E
Explanation:
is incorrect. Benchmarking compares any two items, such as materials, vendors, or
resources.
NEW QUESTION: 2
A. Option C
B. Option A
C. Option D
D. Option B
Answer: D
NEW QUESTION: 3
When auditing the award of a major contract,which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme?
1.Subsequent change orders increase requirements for low-bid items.
2.Material contract requirements are different on the actual contract than on the request for bids.
3.A
high percentage of employees are charged to indirect accounts. 4.Losing bidders are hired as subcontractors.
A. 2only
B. 2 and 4.
C. 1only
D. 1 and 3.
Answer: B
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