I - WV Business & Law Construction
License Exam COMPLETE QUESTIONS
WITH ANSWERS |GRADED A+
In a cost-plus-fee arrangement there is no fixed fee charged for the services provided. True or False
(explain) - ✔✔ correct answer False - "There is a fixed fee charge" for the services provided.
In a cost-plus-fee arrangement the building owner pay a construction manager the actual cost of the
construction as well as the reimbursable expenses involved.
Construction projects are defined by which three factors? - ✔✔ correct answer Scope, budget, and
schedule
In a traditional design/bid/ build (DBB) project's life cycle will begin with what? - ✔✔ correct answer ..
with the initiation of planning and design.
What are the major duties of a construction manager? - ✔✔ correct answer A construction manager
(aka construction project manager) plans, directs, budgets and manages a construction project.
Compare the engineering & design specifications team with the field site management team? - ✔✔
correct answer The engineering & design specifications team is to establish the design and construction
specifications for all various portions of the project
Where the field site management team is going to oversee all aspects of construction on-site to ensure
that work is actually performed in accordance with the engineering plans and specifications.
Who is the most important person for the success or failure of a construction project and why? - ✔✔
correct answer The project manager, because he has full authority to mobilize the necessary resources
to complete the project and can exert interpersonal influence in order to lead the construction project
team.
What is the final step in managing a project development process? - ✔✔ correct answer The final step is
to formally document the authorization of the project.
, I - WV Business & Law Construction
License Exam COMPLETE QUESTIONS
WITH ANSWERS |GRADED A+
What is a Project Requirements Definition for? - ✔✔ correct answer A PRD refines and details
authorization and details what the project is required to accomplish and the relevant scope of work.
What is the purpose of a scope of work? - ✔✔ correct answer SOW is to describe the overall project
purpose as well as the other specific objectives of the requirement wit the aim of helping the contractor
understand the magnitude of what needs to be done.
What is the use of CPM? (Critical Path Method) - ✔✔ correct answer CPM can be used to ensure that
the logic of the plan is accurate, thus being able to provide measure of importance for each task and
create a graphical display useful for task control.
Optimistic time in PERT (Product Evaluation and Review Technique) refers to? - ✔✔ correct answer
Optimistic time refers to the minimum possible time required to accomplish a task, assuming everything
proceeds better than expected.
Which document sets out how a project is to be managed, executed, monitored, controlled, and closed
through the phases of its life cycle? - ✔✔ correct answer The Project Management Plan (PMP)
What constitutes a will-written SOW? - ✔✔ correct answer A well-written SOW should mee the SMART
test.
S is Specific
M is Measurable
A is Accountable
R is Reasonable
T is Time-based
Compare Capability with Capacity. - ✔✔ correct answer Capability refers to the measure of skill levels,
experience and ability to perform
Capacity refers to the measure of the quantity of the associating resources.
License Exam COMPLETE QUESTIONS
WITH ANSWERS |GRADED A+
In a cost-plus-fee arrangement there is no fixed fee charged for the services provided. True or False
(explain) - ✔✔ correct answer False - "There is a fixed fee charge" for the services provided.
In a cost-plus-fee arrangement the building owner pay a construction manager the actual cost of the
construction as well as the reimbursable expenses involved.
Construction projects are defined by which three factors? - ✔✔ correct answer Scope, budget, and
schedule
In a traditional design/bid/ build (DBB) project's life cycle will begin with what? - ✔✔ correct answer ..
with the initiation of planning and design.
What are the major duties of a construction manager? - ✔✔ correct answer A construction manager
(aka construction project manager) plans, directs, budgets and manages a construction project.
Compare the engineering & design specifications team with the field site management team? - ✔✔
correct answer The engineering & design specifications team is to establish the design and construction
specifications for all various portions of the project
Where the field site management team is going to oversee all aspects of construction on-site to ensure
that work is actually performed in accordance with the engineering plans and specifications.
Who is the most important person for the success or failure of a construction project and why? - ✔✔
correct answer The project manager, because he has full authority to mobilize the necessary resources
to complete the project and can exert interpersonal influence in order to lead the construction project
team.
What is the final step in managing a project development process? - ✔✔ correct answer The final step is
to formally document the authorization of the project.
, I - WV Business & Law Construction
License Exam COMPLETE QUESTIONS
WITH ANSWERS |GRADED A+
What is a Project Requirements Definition for? - ✔✔ correct answer A PRD refines and details
authorization and details what the project is required to accomplish and the relevant scope of work.
What is the purpose of a scope of work? - ✔✔ correct answer SOW is to describe the overall project
purpose as well as the other specific objectives of the requirement wit the aim of helping the contractor
understand the magnitude of what needs to be done.
What is the use of CPM? (Critical Path Method) - ✔✔ correct answer CPM can be used to ensure that
the logic of the plan is accurate, thus being able to provide measure of importance for each task and
create a graphical display useful for task control.
Optimistic time in PERT (Product Evaluation and Review Technique) refers to? - ✔✔ correct answer
Optimistic time refers to the minimum possible time required to accomplish a task, assuming everything
proceeds better than expected.
Which document sets out how a project is to be managed, executed, monitored, controlled, and closed
through the phases of its life cycle? - ✔✔ correct answer The Project Management Plan (PMP)
What constitutes a will-written SOW? - ✔✔ correct answer A well-written SOW should mee the SMART
test.
S is Specific
M is Measurable
A is Accountable
R is Reasonable
T is Time-based
Compare Capability with Capacity. - ✔✔ correct answer Capability refers to the measure of skill levels,
experience and ability to perform
Capacity refers to the measure of the quantity of the associating resources.
