ARE 5.0 - PROJECT MANAGEMENT (PJM)
QUIZZES WITH ACCURATE ANSWERS.
ARTICLE,I,(B101),,ANS,-,Initial,Information
ARTICLE,2,(B101),,ANS,-,Architect's,Responsbilities
ARTICLE,3,(B101),,ANS,-,Scope,of,Architect's,Basic,Services
ARTICLE,4,(B101),,ANS,-,Additional,Services
ARTICLE,5,(B101),,ANS,-,Owner's,Responsbilities
ARTICLE,6,(B101),,ANS,-,Cost,of,the,Work
ARTICLE,7,(B101),,ANS,-,Copyrights,and,Licenses
ARTICLE,8,(B101),,ANS,-,Claims,and,Disputes
ARTICLE,9,(B101),,ANS,-,Termination,or,Suspension
ARTICLE,I0,(B101),,ANS,-,Miscellaneous,Provisions
ARTICLE,11,(B101),,ANS,-,Compensation
ARTICLE,12,(B101),,ANS,-,Special,Terms,and,Conditions
ARTICLE,13,(B101),,ANS,-,Scope,of,the,Agreement
, Project,Delivery,Methods,,ANS,-,Construction,Manager/General,Contractor,,Design-Bid-Build,,Design-
Build
Utilization,Rate,,ANS,-,Total,Direct,Labor,($200,000),÷,Total,Labor,($400,000),=,50.0%
measures,overall,efficiency,and,effective,use,of,labor,,not,productivity.
Target:,firm,60-65%,,pro.,tech,staff,(including,principals):,75-85%
Accrual-basis,accounting,(modified),,ANS,-
,Revenue,earned,and,billed,from,fees,and,expenses,,including,outside,project,consultant,fees,and,expen
ses,,plus,all,other,direct,and,indirect,expenses,incurred.,This,means,revenue,is,based,only,on,invoiced,fe
e,and,expense,amounts,sent,and/or,received.,Most,firms,use,this,modifi
,ed,accrual-basis,for,their,profit-loss,statement,and,balance,sheet,development.
Cash-basis,accounting,,ANS,-
,Income,received,and,all,salaries,and,expenses,paid,(a,checkbook,approach).,This,is,the,basis,most,com
monly,used,for,filing,and,paying,quarterly,and,year-end,taxes.
Net,operating,revenue,(NOR;,aka,"net,revenue"),,ANS,-
,Represents,the,net,dollars,remaining,after,deducting,the,invoiced,consultant's,fees,and,expenses,,and,a
ll,reimbursable,and,non-reimbursable,project-related,expenses.
Direct,labor,,ANS,-
,Same,as,direct,salary.,Represents,time,charged,to,projects,,whether,invoiced,or,not,(by,everyone,,inclu
ding,principals).
Indirect,labor,,ANS,-,Same,as,indirect,salary.,Time,charged,to,non-project-
related,activities,(by,everyone,,including,principals).,Note:,Indirect,labor,is,included,in,the,calculation,of,
total,indirect,expenses.
Reimbursable,expenses,,ANS,-,Project-
related,expenses,that,are,invoiced,to,the,client,in,addition,to,fees.,These,would,also,include,a,markup,p
ercentage,on,those,expenses.,The,markup,dollars,are,a,form,of,revenue,and,are,included,in,net,operatin
g,revenue.
QUIZZES WITH ACCURATE ANSWERS.
ARTICLE,I,(B101),,ANS,-,Initial,Information
ARTICLE,2,(B101),,ANS,-,Architect's,Responsbilities
ARTICLE,3,(B101),,ANS,-,Scope,of,Architect's,Basic,Services
ARTICLE,4,(B101),,ANS,-,Additional,Services
ARTICLE,5,(B101),,ANS,-,Owner's,Responsbilities
ARTICLE,6,(B101),,ANS,-,Cost,of,the,Work
ARTICLE,7,(B101),,ANS,-,Copyrights,and,Licenses
ARTICLE,8,(B101),,ANS,-,Claims,and,Disputes
ARTICLE,9,(B101),,ANS,-,Termination,or,Suspension
ARTICLE,I0,(B101),,ANS,-,Miscellaneous,Provisions
ARTICLE,11,(B101),,ANS,-,Compensation
ARTICLE,12,(B101),,ANS,-,Special,Terms,and,Conditions
ARTICLE,13,(B101),,ANS,-,Scope,of,the,Agreement
, Project,Delivery,Methods,,ANS,-,Construction,Manager/General,Contractor,,Design-Bid-Build,,Design-
Build
Utilization,Rate,,ANS,-,Total,Direct,Labor,($200,000),÷,Total,Labor,($400,000),=,50.0%
measures,overall,efficiency,and,effective,use,of,labor,,not,productivity.
Target:,firm,60-65%,,pro.,tech,staff,(including,principals):,75-85%
Accrual-basis,accounting,(modified),,ANS,-
,Revenue,earned,and,billed,from,fees,and,expenses,,including,outside,project,consultant,fees,and,expen
ses,,plus,all,other,direct,and,indirect,expenses,incurred.,This,means,revenue,is,based,only,on,invoiced,fe
e,and,expense,amounts,sent,and/or,received.,Most,firms,use,this,modifi
,ed,accrual-basis,for,their,profit-loss,statement,and,balance,sheet,development.
Cash-basis,accounting,,ANS,-
,Income,received,and,all,salaries,and,expenses,paid,(a,checkbook,approach).,This,is,the,basis,most,com
monly,used,for,filing,and,paying,quarterly,and,year-end,taxes.
Net,operating,revenue,(NOR;,aka,"net,revenue"),,ANS,-
,Represents,the,net,dollars,remaining,after,deducting,the,invoiced,consultant's,fees,and,expenses,,and,a
ll,reimbursable,and,non-reimbursable,project-related,expenses.
Direct,labor,,ANS,-
,Same,as,direct,salary.,Represents,time,charged,to,projects,,whether,invoiced,or,not,(by,everyone,,inclu
ding,principals).
Indirect,labor,,ANS,-,Same,as,indirect,salary.,Time,charged,to,non-project-
related,activities,(by,everyone,,including,principals).,Note:,Indirect,labor,is,included,in,the,calculation,of,
total,indirect,expenses.
Reimbursable,expenses,,ANS,-,Project-
related,expenses,that,are,invoiced,to,the,client,in,addition,to,fees.,These,would,also,include,a,markup,p
ercentage,on,those,expenses.,The,markup,dollars,are,a,form,of,revenue,and,are,included,in,net,operatin
g,revenue.
