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Project And Contract Management(Pscm 043) Question Paper

Project And Contract Management(Pscm 043)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
Instructions:
Answer question one and any other two.
Question One
Retention monies are typically deployed in Kenya projects. Explain the purpose of the retention monies.
(5mks)
Identify the benefits of conducting pre-negotiation before the actual negotiation with contractions.
(5mks)
Explain the methods which project managers would use in appraising projects before their implementation.
(10mks)
A report on termination and closure of a project must always be prepared to indicate successful completion of the project. Identify some of the contents of this report.
(10mks)

Question Two
Highlight the problems associated with competitive bidding.
(10mks)
For a project manager to be successful and effective, he/she must possess certain capabilities. Explain the qualities of a good project manager.
(10mks)

Question Three
Contracts can be terminated in various ways. Analyse ways through which a contract can be terminated.
(10mks)
"As much as the project management team can try to minimize the challenges that may face the project implementation, it is not possible to achieve it 100%". Explain such challenges in projects and contents management.
(10mks)

Question Four
Parties to a contract may not be contended with the performance of either party. Identify remedies to either party where the contract is breached.
(10mks)
Discuss briefly the methods the client or project owner may use to appraise the viability of a project being undertaken.
(10mks)

Question Five
Risk management is considered as a control mechanism to any project manager. Briefly explain any five approaches that may be employed to counter risks associated with management of a project.
(10mks)
Highlight some of the uses of information technology in project and contract management.
(10mks)

Project And Contract Management(Pscm 043) Question Paper

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