ARE 5.0 (PjM/ PcM/ PA/ PPD/
PDD/ CE): Project Budget/
Financial UPDATED ACTUAL Exam
Questions and CORRECT Answers
Save
Terms in this set (120)
Projected financial statements of
future values: expected project
generated income vs. expected
Pro Forma project building costs.
- Developed in order to determine
whether the project is likely to be
financially successful.
, - Scope (Project size)
Bldg. cost
- Quality
factor
- Construction Cost
- Quality: quality level of
materials/ systems/ construction
- Quantity
- Funds
Bldg. cost - Time
variable - Location (urban/ rural): labor
factors? rates/ material prices/
transportation
(One cannot be changed without
changing one or more of the
others)
- Perimeter-to-floor area =
increase unit cost
Scope vs. Cost - Floor-to-floor height = increase
unit cost
- Taller bldg. = increase unit cost
, Labor cost = 50% of construction
cost
- Longer schedule = increase
construction/ labor cost
- Higher Labor cost = decrease
Productivity
Cost vs. Time
Method:
- shorten schedule: fast-track
- Increase off-site manufacturing =
decrease on-site labor cost/
erection time
- Higher quality = higher initial cost
= higher efficient = longer life span
Quality vs. Life
- Longer life span = lower
cycle
operational cost = decrease
maintenance/ replacement cost
Scope
(Architect sets) Most realistic and accurate way to
Project Budget establish a preliminary budget,
based on because it is based on a specific
_________ building type of a defined size on a
specific site.
, The sum established by the owner
as available for the entire project
Project Budget
on hard cost & soft cost
(Cost analysis)
- Influence design decision &
project feasibility
PDD/ CE): Project Budget/
Financial UPDATED ACTUAL Exam
Questions and CORRECT Answers
Save
Terms in this set (120)
Projected financial statements of
future values: expected project
generated income vs. expected
Pro Forma project building costs.
- Developed in order to determine
whether the project is likely to be
financially successful.
, - Scope (Project size)
Bldg. cost
- Quality
factor
- Construction Cost
- Quality: quality level of
materials/ systems/ construction
- Quantity
- Funds
Bldg. cost - Time
variable - Location (urban/ rural): labor
factors? rates/ material prices/
transportation
(One cannot be changed without
changing one or more of the
others)
- Perimeter-to-floor area =
increase unit cost
Scope vs. Cost - Floor-to-floor height = increase
unit cost
- Taller bldg. = increase unit cost
, Labor cost = 50% of construction
cost
- Longer schedule = increase
construction/ labor cost
- Higher Labor cost = decrease
Productivity
Cost vs. Time
Method:
- shorten schedule: fast-track
- Increase off-site manufacturing =
decrease on-site labor cost/
erection time
- Higher quality = higher initial cost
= higher efficient = longer life span
Quality vs. Life
- Longer life span = lower
cycle
operational cost = decrease
maintenance/ replacement cost
Scope
(Architect sets) Most realistic and accurate way to
Project Budget establish a preliminary budget,
based on because it is based on a specific
_________ building type of a defined size on a
specific site.
, The sum established by the owner
as available for the entire project
Project Budget
on hard cost & soft cost
(Cost analysis)
- Influence design decision &
project feasibility
