Exam Prep | 100% Accurate Answers
1. Discuss why the Critical Path Method is significant in construction project
scheduling.
The Critical Path Method is significant because it focuses solely on
cost management in construction projects.
The Critical Path Method is significant because it guarantees project
completion on time.
The Critical Path Method is significant because it eliminates the need
for any scheduling tools.
The Critical Path Method is significant because it helps identify the
longest sequence of dependent tasks, allowing project managers to
prioritize activities and allocate resources effectively.
2. Discuss the significance of a Construction Manager's role in contract
management within a construction project.
The Construction Manager's role is limited to overseeing
subcontractors.
The Construction Manager does not need to understand contracts as
they focus on site management.
The Construction Manager plays a crucial role in ensuring that
contracts are legally enforceable, which helps prevent disputes.
The Construction Manager is primarily responsible for the physical
construction of the project.
3. Interpret the implications of establishing a Guaranteed Maximum Price (GMP)
for the Owner's responsibilities in a construction project.
The Owner is relieved of all responsibilities once the GMP is set.
, The GMP guarantees that the project will be completed without any
cost overruns.
The Owner only needs to manage the contractor's performance after
the GMP is established.
The Owner still needs to manage costs and schedules even after the
GMP is established.
4. The standard of care in negligence is determined by:
The judge's standards
The defendant's own personal standards
The reasonably prudent person standard
The plaintiff's standards
5. What are the two basic forms of construction phase contracts mentioned in
construction management?
Cost reimbursement and fixed price
Time and materials and lump sum
Design-build and fixed price
Unit price and cost plus
6. Which of the following methods of dispute resolution has a panel that sits
from the beginning of the project to the end of the project?
Arbitration
Mediation
Partnering
Dispute Review Board
, Mini-Trial
7. Interpret the implications of a delay caused by factors beyond the control of
the Owner and Contractor in construction management.
The Owner must pay for all delays regardless of the cause.
The Contractor can claim financial damages for the delay.
The Contractor can terminate the contract due to the delay.
The Contractor is entitled to an extension of contract time but not to
additional compensation.
8. Discuss why it may not be beneficial for an Owner to allocate all risk to
Contractors in a construction project.
It allows for faster project completion.
Allocating all risk to Contractors can lead to disputes and may
compromise project delivery.
It ensures that the Owner has no financial responsibility.
It guarantees that all project costs will be covered.
9. Discuss the importance of contract documents in construction management
and how they should be structured.
Contract documents should prioritize the interests of the Owner to
secure funding.
Contract documents should be structured to protect the interests of
all parties involved to ensure clarity and minimize disputes.
Contract documents should only focus on the interests of the
Contractor to ensure project completion.
, Contract documents should be vague to allow flexibility in project
execution.
10. Facilitation takes work and in a meeting of multiple stakeholders it becomes
important for the facilitator to prioritize his or her role. Above all the
facilitator should:
Take notes
Focus on the content
Listen to the active speakers
Be neutral
11. If a contractor bids on a project using unit priced items that do not include
overhead and profit, how might this affect their overall project budget?
The contractor may underestimate the total costs, leading to
financial shortfalls.
The contractor will likely make a profit on the project.
The contractor will have a clear understanding of total costs.
The contractor will avoid any legal disputes.
12. What is the purpose of conducting job site interviews with field
representatives before a workshop?
To finalize contract documents.
To assess the financial status of the project.
To gather insights and perspectives from the parties involved.
To determine the project timeline.