ARE 5.0 Project Management Exam -Questions with Correct
Answers/ Verified
Project Management - ✔✔Includes project planning, scheduling, monitoring, coordinating
and directing, updating documentation, closing out the job, and following up with clients.
Partnering - ✔✔Various stakeholders in a project (such as the architect, owner, contractor
and vendors) all participate in the decision-making process.
Bar Chart - ✔✔Method commonly used for scheduling design and construction projects.
Tasks are listed in chronological order on vertical access and time period is listed on
horizontal axis. (Aka Gantt Chart)
Dependency - ✔✔The relationship between a task that must be completed before another
can start.
Critical Path Method (CPM) - ✔✔Common scheduling tool that graphically depicts all the
tasks needed to complete a project, the sequence in which tasks must occur, and each task's
duration.
Float - ✔✔The maximum length of time a noncritical task can be delayed or extended
before it causes a delay.
Work Plan - ✔✔A detailed project schedule, breaking the project down into its component
tasks and assigning staff members and other resources to each task. (Aka Fee projection)
Pro Forma - ✔✔Statement listing the expected income that the project will generate and
the expected costs to build the project.
Value Engineering - ✔✔Reviewing individual systems and materials to see if the same
function can be accomplished in a less expensive way.
,Building Cost - ✔✔The money needed to construct the building, including structure, exterior
cladding, finishes, and electrical and mechanical systems, as well as the contractor's
overhead and profit.
Site Development Costs - ✔✔Cost of parking, drives, fences, landscaping, exterior lighting,
and irrigation systems.
Furniture, Fixtures, and Equipment (FF&E) - ✔✔Costs of movable equipment, furnishings,
accessories, and window coverings.
Professional Services - ✔✔Architectural and engineering fees as well as costs for services
such as topographic surveys, soil tests, special consultants, appraisals, and legal
consultation.
Financing - ✔✔Includes the long-term interest paid on permanent financing as well as the
immediate costs of loan origination fees, construction loan interest, and other
administrative costs.
Debt Service - ✔✔The cost to pay off the construction loan for a project and is generally
considered an ongoing cost over many years, not part of the original cost of the project.
Top-Down Approach - ✔✔An approach for estimating fees where the PM begins by
estimating the total fee needed to complete the project using a combination of rules of
thumb and historical data.
Bottom-Up Approach - ✔✔An approach for estimating fees where the PM begins by
breaking the project down into individual tasks and estimating how much time will be
needed to complete each one.
Total Working Fee - ✔✔The fee available to pay people to do the job after subtracting fees
for proffit, consultants and other expenses.
, Project Monitoring Chart - ✔✔Used to monitor employees' time sheets weekly in order to
compare the actual hours expended to the budgeted time and take corrective action if the
actual time exceeds the budgeted time.
Communication - ✔✔The most important aspect of project management that includes 4
basic kinds known as work assignments, instructions, reward and punishment and social
interaction.
Consultant - ✔✔An expert who is not part of the firm's regular staff but is employed to work
on one or more specific projects.
Structural Engineer - ✔✔Designs and produces the drawings and specs for any new
structure or structural modifications, including the building foundation, frame, floors, and
load-bearing walls.
Mechanical Engineer - ✔✔Designs and produces the drawings and specs for the heating,
ventilating, and air conditioning (HVAC) systems on a project, as well as any plumbing
systems needed.
Project Notebook - ✔✔Gives the PM immediate access to information for planning,
coordinating and monitoring the job. One of the most useful PM tools.
Project Perfection Syndrome - ✔✔The desire to continue to pursue perfection.
Meeting Minutes - ✔✔Documentation of all meetings and serve as the formal record of the
proceedings and may have legal implications later on.
Contract Documents - ✔✔The formalized form of mutual understanding about what the
architect will do and what the client will give in return for services rendered.
Basic Services - ✔✔Include the five traditional phases of a design-bid-build project:
schematic design, design development, construction documents, bidding, and construction
administration.
Answers/ Verified
Project Management - ✔✔Includes project planning, scheduling, monitoring, coordinating
and directing, updating documentation, closing out the job, and following up with clients.
Partnering - ✔✔Various stakeholders in a project (such as the architect, owner, contractor
and vendors) all participate in the decision-making process.
Bar Chart - ✔✔Method commonly used for scheduling design and construction projects.
Tasks are listed in chronological order on vertical access and time period is listed on
horizontal axis. (Aka Gantt Chart)
Dependency - ✔✔The relationship between a task that must be completed before another
can start.
Critical Path Method (CPM) - ✔✔Common scheduling tool that graphically depicts all the
tasks needed to complete a project, the sequence in which tasks must occur, and each task's
duration.
Float - ✔✔The maximum length of time a noncritical task can be delayed or extended
before it causes a delay.
Work Plan - ✔✔A detailed project schedule, breaking the project down into its component
tasks and assigning staff members and other resources to each task. (Aka Fee projection)
Pro Forma - ✔✔Statement listing the expected income that the project will generate and
the expected costs to build the project.
Value Engineering - ✔✔Reviewing individual systems and materials to see if the same
function can be accomplished in a less expensive way.
,Building Cost - ✔✔The money needed to construct the building, including structure, exterior
cladding, finishes, and electrical and mechanical systems, as well as the contractor's
overhead and profit.
Site Development Costs - ✔✔Cost of parking, drives, fences, landscaping, exterior lighting,
and irrigation systems.
Furniture, Fixtures, and Equipment (FF&E) - ✔✔Costs of movable equipment, furnishings,
accessories, and window coverings.
Professional Services - ✔✔Architectural and engineering fees as well as costs for services
such as topographic surveys, soil tests, special consultants, appraisals, and legal
consultation.
Financing - ✔✔Includes the long-term interest paid on permanent financing as well as the
immediate costs of loan origination fees, construction loan interest, and other
administrative costs.
Debt Service - ✔✔The cost to pay off the construction loan for a project and is generally
considered an ongoing cost over many years, not part of the original cost of the project.
Top-Down Approach - ✔✔An approach for estimating fees where the PM begins by
estimating the total fee needed to complete the project using a combination of rules of
thumb and historical data.
Bottom-Up Approach - ✔✔An approach for estimating fees where the PM begins by
breaking the project down into individual tasks and estimating how much time will be
needed to complete each one.
Total Working Fee - ✔✔The fee available to pay people to do the job after subtracting fees
for proffit, consultants and other expenses.
, Project Monitoring Chart - ✔✔Used to monitor employees' time sheets weekly in order to
compare the actual hours expended to the budgeted time and take corrective action if the
actual time exceeds the budgeted time.
Communication - ✔✔The most important aspect of project management that includes 4
basic kinds known as work assignments, instructions, reward and punishment and social
interaction.
Consultant - ✔✔An expert who is not part of the firm's regular staff but is employed to work
on one or more specific projects.
Structural Engineer - ✔✔Designs and produces the drawings and specs for any new
structure or structural modifications, including the building foundation, frame, floors, and
load-bearing walls.
Mechanical Engineer - ✔✔Designs and produces the drawings and specs for the heating,
ventilating, and air conditioning (HVAC) systems on a project, as well as any plumbing
systems needed.
Project Notebook - ✔✔Gives the PM immediate access to information for planning,
coordinating and monitoring the job. One of the most useful PM tools.
Project Perfection Syndrome - ✔✔The desire to continue to pursue perfection.
Meeting Minutes - ✔✔Documentation of all meetings and serve as the formal record of the
proceedings and may have legal implications later on.
Contract Documents - ✔✔The formalized form of mutual understanding about what the
architect will do and what the client will give in return for services rendered.
Basic Services - ✔✔Include the five traditional phases of a design-bid-build project:
schematic design, design development, construction documents, bidding, and construction
administration.
