Question 1

What is the purpose of Cybernetic Control within Project Management?

Options :

A : to assign resources

B : to reduce errors

C : to increase value

D : to monitor progress

Answer: B

Question 2

Under what circumstances can Specific Performance be used to compensate an innocent party for a contractual breach? Select All that apply

Options :

A : The innocent party did not fulfil their contractual obligations under the contract

B : Adequate remedies are not available

C : Money cannot remedy the situation such as in the case of sale of rare goods

D : When the innocent party wishes to avoid going to court

E : A contract has a liquidated damages clause

Answer: B,C

Question 3

Golden Rainbow Ltd has invested £4m in a new research project which was started three years ago. The CFO has calculated that the average rate of return on the project is -6%. Is this possible?

Options :

A : yes- projects can have a negative rate of return

B : yes- but this is likely to change to a positive figure shortly

C : no- a rate of return is always displayed as a positive number

D : no- a rate of return is expressed in years rather than as a percentage

Answer: A

Question 4

Which of the following processes for managing change is the most passive?

Options :

A : coercion

B : bribery

C : persuasion

D : education

Answer: D

Question 5

Manchester City Council is looking to construct a new hospital and will be using a EPC style of contract. Which two of the following are the greatest risks to the Council?

Options :

A : ensuring the specification is correct

B : setting an accurate budget before the contract is signed

C : accurately communicating the requirements to the contractor

D : including a time-is-of-the-essence clause within the contract

E : ensuring the contractor limits the use of subcontractors

Answer: A,C