CM 4221_ QUIZ MO 5, MO 6 (BOTH), AND MO 7
Which of the following choices is not a tool used to help manage risk on a construction
project?
Select one:
a. None of these
b. Subcontracting
c. Contingency
d. Insurance
e. Bonding
a. None of these
Which of the tools listed is used for planning of individual risks rather than planning for
risks for the whole project?
Select one:
a. Monte Carlo Analysis
b. Root Cause Analysis
c. Sensitivity Analysis
d. Decision Tree
e. None of these
d. Decision Tree
Brainstorming is a tool used to identify and assess project risks
Select one:
True
False
False
Uncertainty is the set of positive and negative outcomes that could occur within a known
risk
Select one:
True
False
True
, A crew of four electricians that has been studied can be represented by the following
productivity trend line:
y = -3.25(X^2) + 1.5x +0.56
What is the maximum productivity of this crew (in hours of overtime)?
Select one:
a. 3.25 hrs
b. 9.5 hrs
c. 15 hours
d. 23 hrs
e. 0.56 hrs
b. 9.5 hrs
Reason:
x=0.23 >> 23% OT
0.23*40hrs/week= 9.2 hours
What is the adjusted labor rate for a crew person that makes $25/hr with a labor
differential of 50% for overtime that works a 52 hour work week? (Note: A normal week
is 40 hrs)
Select one:
a. $25.00/hr
b. $36.25/hr
c. $27.88/hr
d. $37.50/hr
e. $30.00/hr
c. $27.88/hr
Reason:
OT rate: $25x1.5= $37.5
Use Adjusted labor rate formula
What is one benefit of the Arcelor top-down parking garage construction system?
Select one:
a. Excavation of the below-ground garage floors is easier and faster to accomplish
b. Removes the parking garage activities from the critical path
c. Pre-fabricated concrete decking is used for each floor of the garage
d. Permanent casings are used to place cast-in-place columns
e. None of these
b. Removes the parking garage activities from the critical path
Which of the following choices is not a tool used to help manage risk on a construction
project?
Select one:
a. None of these
b. Subcontracting
c. Contingency
d. Insurance
e. Bonding
a. None of these
Which of the tools listed is used for planning of individual risks rather than planning for
risks for the whole project?
Select one:
a. Monte Carlo Analysis
b. Root Cause Analysis
c. Sensitivity Analysis
d. Decision Tree
e. None of these
d. Decision Tree
Brainstorming is a tool used to identify and assess project risks
Select one:
True
False
False
Uncertainty is the set of positive and negative outcomes that could occur within a known
risk
Select one:
True
False
True
, A crew of four electricians that has been studied can be represented by the following
productivity trend line:
y = -3.25(X^2) + 1.5x +0.56
What is the maximum productivity of this crew (in hours of overtime)?
Select one:
a. 3.25 hrs
b. 9.5 hrs
c. 15 hours
d. 23 hrs
e. 0.56 hrs
b. 9.5 hrs
Reason:
x=0.23 >> 23% OT
0.23*40hrs/week= 9.2 hours
What is the adjusted labor rate for a crew person that makes $25/hr with a labor
differential of 50% for overtime that works a 52 hour work week? (Note: A normal week
is 40 hrs)
Select one:
a. $25.00/hr
b. $36.25/hr
c. $27.88/hr
d. $37.50/hr
e. $30.00/hr
c. $27.88/hr
Reason:
OT rate: $25x1.5= $37.5
Use Adjusted labor rate formula
What is one benefit of the Arcelor top-down parking garage construction system?
Select one:
a. Excavation of the below-ground garage floors is easier and faster to accomplish
b. Removes the parking garage activities from the critical path
c. Pre-fabricated concrete decking is used for each floor of the garage
d. Permanent casings are used to place cast-in-place columns
e. None of these
b. Removes the parking garage activities from the critical path
