CMGT Final Exam Questions And Answers

Project Management - ANS A discipline has come about to respond to client needs for the construction of more complex projects, to be built faster and more cost effectively. Associated Schools of Construction (ASC) - ANS 1965 nine universities met in Florida and formed this to promote construction management as a legitimate and unique area of study at universities. Steel - ANS In the 1800's this was introduced to allow for high- rise buildings. Objective of Project Management - ANS May be said to be the achievement of predetermined specifics within given targets of time, quality, cost and scope. But, the measured of success of the project is the maintenance of relationships and perceived satisfaction of all the stakeholders after significant trade offs being made during the life cycle to maintain scope, quality, time and budget. Heavy Civil - ANS 10% Roadways, Bridges, Tunnels, Dams, Airports, and Railways Mostly publicly funded. Horizontal Construction Industrial - ANS Steel mills, Processing plans, Manufacturing plants, Pipe lines, Electrical generating facilities, Oil refineries, Chemical processing plants. Mostly publicly funded. Least affected by economic fluctuations. Quality and time most important. Funding Sources - ANS 36% Public 64% Private Public Building: 10% Public Non-building: 12% Private Building: 71% Private Non-building: 7% Specialization - ANS Range of specialties helps insulate agains economic down turns. Framing, Mechanical, Demolition, Roofing, Electrical, Public works and Roads are major categories. Joint Venture/ Pooling Expertise - ANS As projects grow in size and complexity and contracts become schedule- oriented in order to mitigate costs, on- time completion becomes essential, firms pool expertise and financial resources for project bidding. Construction Management, Design- Build - ANS The technological sophistication of many projects and increased popularity of design-build contracts encourage the integration of construction managers, architects, engineers and construction companies. Repeat Business - ANS Bypassing bidding altogether and going with established relationships over low cost. Ethics - ANS American Institute of Contractors Code of Ethics. Bid Shopping. Being able to trust people we work with is a big part of putting our best effort into our work. Key success is creating a trusting environment in which people feel comfortable with each other. Iron Triangle - ANS These Construction Variables are Linked: Schedule, Cost, and Quality Change in one will affect the others: Projects done faster require more financial resources and quality may be compromised. High technical performance... increased time and money to complete. Architect - ANS Lead Designer. Creates Concept Drawings. Staff include Drafters/ CAD Operators, Specification Writers, Interior Designers, Landscape Architects. Anxious to provide a good design service and build a reputation for future work, perhaps creating a professional image in the final building. Respond to design requirements by first responding to and identifying the important elements of design (activities occurring in the building- feature requests) elements of design are key. Engineers - ANS Is the lead designer for infrastructure and industrial work. Building work, engineers brought in after concept is finalized but before details are developed. Types: Structural, Mechanical, Electrical, Civil, and Surveyors. Designs building systems, foundations, structural, mechanical, electrical and landscaping. 25%- 65% of construction costs go into engineering systems. Engineers approach is different as engineers break projects down into components and functional aspects are key. Prime Contractor - ANS Is anxious to maximize profit, especially if severe market competition have resulted in tight firm- price margins. (Firm- Price Margins are bids with low profit and overhead margins) Prime contractor is a general term to define the responsibility for all construction activities: Project manager Superintendents estimators Schedulers Purchasing agents Specialty contractors Building Trades - ANS Open shop/ Merit shop (ABC) and union shops. Open shops/ Merit shops are non- union operators. Open shops compete with unions on cost but not skilled labor. Open shops generally use skilled lead people to supervise semi- skilled labor. Unions heavily weighted toward skilled labor with apprenticeship programs. Material Suppliers - ANS Create installation standards though trade association which are often incorporated into codes. Equipment Suppliers - ANS Rent vs. Owning equipment Project Stakeholders - ANS Persons with a contractual or legal obligation to the project team and have the responsibility and authority to manage and commit resources according to schedule, cost, and technical performance objectives. Architect GC Subs Employees Suppliers Lenders Sureties Insurance Companies Project Delivery System - ANS Provides various combinations of project players and contract arrangements that define each players specific risks and responsibilities to achieve the owners project goals. Project Delivery Methods - ANS Traditional Design- Bid- Build Design- Build Construction Management (agent/ at risk) Contractual Arrangements Types - ANS Lump sum Cost- Plus a fee Unit costs Guarantee max CM at risk Design- Bid- Build - ANS Owner gets best price.