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CFM 415 FINAL EXAM QUESTIONS & ANSWERS

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CFM 415 FINAL EXAM QUESTIONS & ANSWERS

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CFM 415
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CFM 415









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Institution
CFM 415
Course
CFM 415

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Uploaded on
November 12, 2025
Number of pages
11
Written in
2025/2026
Type
Exam (elaborations)
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Questions & answers

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CFM 415 FINAL EXAM QUESTIONS & ANSWERS

A unique one time activity with tasks and a fixed duration - answer -project

A system that provides for the planning, organizing, directing, and controlling of a
unique one-time activity so to complete it on-time, on-budget, safely, and to a specified
quality with no claims - answer -project management

Planning, organizing, directing, controlling - answer -podc

Make money - answer -number one goal

Time - answer -schedule

Material, budget, equipment, people - answer -resources

What has to get done and quality - answer -scope

Scope (quality), resources, schedule - answer -triangle

It depends - answer -what is the most important part of the triangle?

Scope - answer -what do you plan first?

Holds people accountable and creates change - answer -confrontation

Has anger behind it - answer -contention

Preconstruction meeting - answer -most important meeting

Agenda, notes, timely, accountability for old assignments, and new assignments given -
answer -what is included in a good meeting?

Because they were an experience - answer -why do you remember things?

To prove decisions for legal issues, who was there, action items, control over what gets
documented - answer -why use meeting minutes?

Date and time, who was there, assignments, new business, old or outstanding items,
change order status, safety concerns, and progress - answer -what should be included
in meeting minutes?

As early as possible - answer -when should a project manager get involved?

, Gather information and study (existing conditions, estimate, budget, schedule, and
addendas) - answer -what is the first thing you do once you win a project?

Changes to project or scope before contract is created - answer -addenda

A piece of the scope not covered by any subcontractor - answer -scope gap

A project delivery method in which the owner holds two separate contracts for design
and construction. This method is often referred to as the traditional project delivery
method. Drives the price down for the owner but risks low quality or failure - answer -
design-bid-build

A project delivery method in which there is only one contract between the owner and a
design-build entity. The design-builder is responsible for both the design and the
construction of the project. Allows construction to start before design is finished -
answer -design-build

A contract where payment is for material and labor, with a profit factor added.
Eliminates risk and guarantees profit for general contractor - answer -cost-plus

A contract where the contractor is involved early to help determine price and has to
explain why owner should choose them. A gmp is set - answer -cm @ risk

A delivery method where the cm acts as the owners representative and has no risk -
answer -cm agency

Guaranteed maximum price - answer -gmp

Reputation is your overall quality or character; be an involved, active project manager -
answer -john h. Wright main points

Integrated project deliver is a new approach to project delivery where the entire project
team works together on the project to increase the coordination and collaboration

The contractual relationships in an ipd method are shared among the owner, architect,
consultants, and contractor who jointly share in the success or failure of the project

Good for a fast schedule - answer -ipd

Public-private partnership is a way to collect funding that owner will pay back with
interest - answer -ppp

Owner, architect, contractor, and other players. When the least of us is threatened we
are all at risk - answer -project team

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