Project Initiation and Budgeting

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Questions and Answers

Which term refers to the act of obtaining goods or services, typically for business purposes?

  • Contractual arrangements
  • Development of project estimates
  • Economic feasibility study
  • Procurement system (correct)

In which sector were both the public and private sectors practicing the traditional procurement system in Malaysia?

  • Construction sector (correct)
  • Economic feasibility study
  • Phases of a project
  • Contractual arrangements

Which phase of a project involves scope definition and strategy?

  • Contractual arrangements
  • Development of project estimates
  • Economic feasibility study
  • Phases of a project (correct)

When did Malaysia adopt a new procurement system?

<p>1990s (A)</p> Signup and view all the answers

What type of procurement system did Malaysia adopt from the British?

<p>Traditional procurement system (D)</p> Signup and view all the answers

What is the purpose of a procurement system in Malaysia?

<p>To obtain goods or services for business purposes (D)</p> Signup and view all the answers

What is the main focus of the economic feasibility study?

<p>To determine if a project is financially viable (C)</p> Signup and view all the answers

Who typically needs to solicit services or purchase goods on a relatively large scale?

<p>Companies (B)</p> Signup and view all the answers

When did Malaysia start adopting a new procurement system?

<p>From the 1990s (C)</p> Signup and view all the answers

What is the purpose of the development of project estimates?

<p>To estimate the cost and resources required for a project (B)</p> Signup and view all the answers

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