Management -Exam Fully Solved 2026
Updated.
Primary Objectives of Project Management - Answer Time, Budget, Quality, Safety
Scope Planning - Answer Overview of work that needs to be done and overall work load
Budgeting - Answer Establishes amount of money the owner will spend
Why do you need a Schedule? - Answer Time is money
Estimate of Project costs
Reporting of status
Analysis and delays
Why Quality? - Answer Included in scope, budget, schedule.
Industry Sectors - Answer Residential
Commercial
Heavy Civil
Industrial
Environmental
Primary Players - Answer owners, design professionals, construction professionals
Owners - Answer Driving Force
Public Owners-Government
Private Owners
Owners Responsibilities - Answer Develop Program and outline needs
Determine quantity, extent, character, through scope
Create budget
Provide Funding
, Design Professionals - Answer Architects(functions/ aesthetics): architecture, drafters,
specification writers, interior designers, landscape arch
Engineers (systems): structural engineers, mechanical engineers, electrical engineers, civil
engineers, surveyors
Design Professionals Responsibilities - Answer Assist Owner
Advisement on image and character
Assisting with product selection
Final Building plans and specifications
Construction Professional - Answer Responsible for all construction activities
Interpret plans and specifications and prepare cost estimates
Best construction methods to satisfy core 4 elements
Secondary Players - Answer subcontractors, material suppliers, and equipment vendors
influences the outcome of a job
First Level Players - Answer Subcontractors material suppliers, equipment vendors
Second Level Players - Answer Insurance companies, Utility Companies, Bonding companies,
Building code officials, zoning, labor unions, manufacturers
No contractual connection to primary players
Third Level Players - Answer Courts, Attorneys, Local Government, State Government, Trade
associations, Education and training, bankers
Influences projects on a regular basis
Project Management - Answer The art and science of coordinating people, equipment,
materials, money and schedules to complete a specified project on time and within approved
cost
Portfolio - Answer May contain a program unrelated to other projects also unrelated to each
other