ARE 5.0 Project Management Study Review 2026
Includes project planning, scheduling, monitoring, coor-
Project Management dinating and directing, updating documentation, closing
out the job, and following up with clients.
Various stakeholders in a project (such as the architect,
Partnering owner, contractor and vendors) all participate in the deci-
sion-making process.
Method commonly used for scheduling design and con-
struction projects. Tasks are listed in chronological order
Bar Chart
on vertical access and time period is listed on horizontal
axis. (Aka Gantt Chart)
The relationship between a task that must be completed
Dependency
before another can start.
Common scheduling tool that graphically depicts all the
Critical Path Method (CPM) tasks needed to complete a project, the sequence in which
tasks must occur, and each task's duration.
The maximum length of time a noncritical task can be
Float
delayed or extended before it causes a delay.
A detailed project schedule, breaking the project down
Work Plan into its component tasks and assigning statt members and
other resources to each task. (Aka Fee projection)
Statement listing the expected income that the project will
Pro Forma
generate and the expected costs to build the project.
Reviewing individual systems and materials to see if the
Value Engineering same function can be accomplished in a less expensive
way.
The money needed to construct the building, including
structure, exterior cladding, finishes, and electrical and
Building Cost
mechanical systems, as well as the contractor's overhead
and profit.
,ARE 5.0 Project Management Study Review 2026
Cost of parking, drives, fences, landscaping, exterior light-
Site Development Costs
ing, and irrigation systems.
Costs of movable equipment, furnishings, accessories,
Furniture, Fixtures, and Equipment (FF&E)
and window coverings.
Architectural and engineering fees as well as costs for
Professional Services services such as topographic surveys, soil tests, special
consultants, appraisals, and legal consultation.
Includes the long-term interest paid on permanent fi-
nancing as well as the immediate costs of loan origination
Financing
fees, construction loan interest, and other administrative
costs.
The cost to pay ott the construction loan for a project and
Debt Service is generally considered an ongoing cost over many years,
not part of the original cost of the project.
An approach for estimating fees where the PM begins by
Top-Down Approach estimating the total fee needed to complete the project
using a combination of rules of thumb and historical data.
An approach for estimating fees where the PM begins
by breaking the project down into individual tasks and
Bottom-Up Approach
estimating how much time will be needed to complete
each one.
The fee available to pay people to do the job after sub-
Total Working Fee
tracting fees for proflt, consultants and other expenses.
Used to monitor employees' time sheets weekly in order
to compare the actual hours expended to the budgeted
Project Monitoring Chart
time and take corrective action if the actual time exceeds
the budgeted time.
, The most important aspect of project management that
Communication includes 4 basic kinds known as work assignments, in-
structions, reward and punishment and social interaction.
An expert who is not part of the firm's regular statt but is
Consultant
employed to work on one or more specific projects.
Designs and produces the drawings and specs for any
new structure or structural modifications, including the
Structural Engineer
building foundation, frame, floors, and load-bearing
walls.
Designs and produces the drawings and specs for the
Mechanical Engineer heating, ventilating, and air conditioning (HVAC) systems
on a project, as well as any plumbing systems needed.
Gives the PM immediate access to information for plan-
Project Notebook ning, coordinating and monitoring the job. One of the
most useful PM tools.
Project Perfection Syndrome The desire to continue to pursue perfection.
Documentation of all meetings and serve as the formal
Meeting Minutes record of the proceedings and may have legal implications
later on.
The formalized form of mutual understanding about what
Contract Documents the architect will do and what the client will give in return
for services rendered.
Include the five traditional phases of a design-bid-build
project: schematic design, design development, construc-
Basic Services
tion documents, bidding, and construction administra-
tion.
Other services not apart of basic services which can
Additional Services include programming, building information modeling,
LEED certification, and post occupancy evaluation.
Includes project planning, scheduling, monitoring, coor-
Project Management dinating and directing, updating documentation, closing
out the job, and following up with clients.
Various stakeholders in a project (such as the architect,
Partnering owner, contractor and vendors) all participate in the deci-
sion-making process.
Method commonly used for scheduling design and con-
struction projects. Tasks are listed in chronological order
Bar Chart
on vertical access and time period is listed on horizontal
axis. (Aka Gantt Chart)
The relationship between a task that must be completed
Dependency
before another can start.
Common scheduling tool that graphically depicts all the
Critical Path Method (CPM) tasks needed to complete a project, the sequence in which
tasks must occur, and each task's duration.
The maximum length of time a noncritical task can be
Float
delayed or extended before it causes a delay.
A detailed project schedule, breaking the project down
Work Plan into its component tasks and assigning statt members and
other resources to each task. (Aka Fee projection)
Statement listing the expected income that the project will
Pro Forma
generate and the expected costs to build the project.
Reviewing individual systems and materials to see if the
Value Engineering same function can be accomplished in a less expensive
way.
The money needed to construct the building, including
structure, exterior cladding, finishes, and electrical and
Building Cost
mechanical systems, as well as the contractor's overhead
and profit.
,ARE 5.0 Project Management Study Review 2026
Cost of parking, drives, fences, landscaping, exterior light-
Site Development Costs
ing, and irrigation systems.
Costs of movable equipment, furnishings, accessories,
Furniture, Fixtures, and Equipment (FF&E)
and window coverings.
Architectural and engineering fees as well as costs for
Professional Services services such as topographic surveys, soil tests, special
consultants, appraisals, and legal consultation.
Includes the long-term interest paid on permanent fi-
nancing as well as the immediate costs of loan origination
Financing
fees, construction loan interest, and other administrative
costs.
The cost to pay ott the construction loan for a project and
Debt Service is generally considered an ongoing cost over many years,
not part of the original cost of the project.
An approach for estimating fees where the PM begins by
Top-Down Approach estimating the total fee needed to complete the project
using a combination of rules of thumb and historical data.
An approach for estimating fees where the PM begins
by breaking the project down into individual tasks and
Bottom-Up Approach
estimating how much time will be needed to complete
each one.
The fee available to pay people to do the job after sub-
Total Working Fee
tracting fees for proflt, consultants and other expenses.
Used to monitor employees' time sheets weekly in order
to compare the actual hours expended to the budgeted
Project Monitoring Chart
time and take corrective action if the actual time exceeds
the budgeted time.
, The most important aspect of project management that
Communication includes 4 basic kinds known as work assignments, in-
structions, reward and punishment and social interaction.
An expert who is not part of the firm's regular statt but is
Consultant
employed to work on one or more specific projects.
Designs and produces the drawings and specs for any
new structure or structural modifications, including the
Structural Engineer
building foundation, frame, floors, and load-bearing
walls.
Designs and produces the drawings and specs for the
Mechanical Engineer heating, ventilating, and air conditioning (HVAC) systems
on a project, as well as any plumbing systems needed.
Gives the PM immediate access to information for plan-
Project Notebook ning, coordinating and monitoring the job. One of the
most useful PM tools.
Project Perfection Syndrome The desire to continue to pursue perfection.
Documentation of all meetings and serve as the formal
Meeting Minutes record of the proceedings and may have legal implications
later on.
The formalized form of mutual understanding about what
Contract Documents the architect will do and what the client will give in return
for services rendered.
Include the five traditional phases of a design-bid-build
project: schematic design, design development, construc-
Basic Services
tion documents, bidding, and construction administra-
tion.
Other services not apart of basic services which can
Additional Services include programming, building information modeling,
LEED certification, and post occupancy evaluation.
