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</p> Signup and view all the answers

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

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

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

    <p>Companies</p> Signup and view all the answers

    When did Malaysia start adopting a new procurement system?

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

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