CMIT Capstone Course Questions & Answers 100% Solved!!

CMAA - ANSWERConstruction Management Association of America Construction Management - ANSWERA professional management practice applied to construction projects from project inception to completion for the purpose of controlling time, cost, scope, and quality. Good management techniques and best practices (applicable in the design and construction industry) - ANSWERUnderstand and rely on: > new technologies > fair business practices > comprehensive budgets > accurate schedule forecasts > sound dispute resolution practices > rigorous safety programs, etc. Sound CM experience and expertise - ANSWER> What's gained in one segment of the industry has value in other sectors as well. Public Owners - ANSWER> Involved in project development for federal, state, or municipal projects. > Semi-Public Institutions (i.e.: utilities, regional airport authorities, educational and research institutions) conduct themselves as public sector owners. .> Public owners exert great influence in project development. FAR - ANSWERFederal Acquisition Regulations > Define and differentiate public and private sector contracting. > Applicable to most executive agencies in federal government.