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Knowledge check

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Choose the best response for each of the questions. Then select Check your answers.

Check your knowledge

1.

A project manager at Contoso is new to Project Operations and asks what they need to do to make the information in a project quotation become binding. What is your advice?

Copy the information in the quotation in a project associated with a project contract.

Enter the estimated surcharges for the project in the quotation.

Just create the project quotation, information in it is binding from the start.

2.

Which journal type is a project journal?

Hour

Allocation

Elimination

3.

Which project type allows billing the customer for costs that include hours, expenses, items, and fees?

Fixed price

Time and material

Cost

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