COSC 353 Final Exam (with Complete Solutions)

Project correct answers Temporary endeavor undertaken to create a unique product, service, or result -Includes a definite beginning and end -End= when project objectives have been achieved or project is terminated -Project success= one that meets or exceeds the expectations of your stakeholders Construction Project Management correct answers The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements 5 Phases of PM correct answers 1. Initiating 2. Planning 3. Executing 4. Monitoring and Controlling 5. Closing Skills Every Good Project Manager Needs correct answers -Communicating -Organization and Planning -Budgeting -Conflict Management -Negotiation and Influencing -Leadership -Team Building and Motivating Ethics in Construction Industry correct answers American Institute of Constructors (AIC) code of ethics Construction Project Participants correct answers The project concept is defined by the owner, developed by the designer, and produced by the constructor, who then turns it over to the owner. Owner Team Design Team Project Manager Subcontractors& Vendors Other Stakeholders Public Owners correct answers Funding can be from local, state, or federal sources, but in all cases the owner is the taxpayer. Private Owners correct answers Financed through private ownership- homeowner, developer, corporation, and 3rd Parties (REITs) etc. Owner Representatives & Other Third Parties correct answers PM/CM, Facility Managers, outside Consultants, Building Committees (users, financial backers, and community residents)