Project Management Study Review Questions Solved and Graded A+ to Pass

Project Management Study Review
Questions Solved and Graded A+ to Pass
Project Management - Answer Includes project planning, scheduling, monitoring, coordinating and
directing, updating documentation, closing out the job, and following up with clients.



Partnering - Answer Various stakeholders in a project (such as the architect, owner, contractor and
vendors) all participate in the decision-making process.



Bar Chart - Answer 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 - Answer The relationship between a task that must be completed before another can start.



Critical Path Method (CPM) - Answer 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 - Answer The maximum length of time a noncritical task can be delayed or extended before it
causes a delay.



Work Plan - Answer 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 - Answer Statement listing the expected income that the project will generate and the
expected costs to build the project.



Value Engineering - Answer Reviewing individual systems and materials to see if the same function can
be accomplished in a less expensive way.

,Building Cost - Answer 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 - Answer Cost of parking, drives, fences, landscaping, exterior lighting, and
irrigation systems.



Furniture, Fixtures, and Equipment (FF&E) - Answer Costs of movable equipment, furnishings,
accessories, and window coverings.



Professional Services - Answer Architectural and engineering fees as well as costs for services such as
topographic surveys, soil tests, special consultants, appraisals, and legal consultation.



Financing - Answer 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 - Answer 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 - Answer 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 - Answer 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 - Answer The fee available to pay people to do the job after subtracting fees for
proffit, consultants and other expenses.



Project Monitoring Chart - Answer 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 - Answer The most important aspect of project management that includes 4 basic kinds
known as work assignments, instructions, reward and punishment and social interaction.



Consultant - Answer 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 - Answer 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 - Answer 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 - Answer Gives the PM immediate access to information for planning, coordinating
and monitoring the job. One of the most useful PM tools.



Project Perfection Syndrome - Answer The desire to continue to pursue perfection.



Meeting Minutes - Answer Documentation of all meetings and serve as the formal record of the
proceedings and may have legal implications later on.



Contract Documents - Answer 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 - Answer Include the five traditional phases of a design-bid-build project: schematic
design, design development, construction documents, bidding, and construction administration.



Additional Services - Answer Other services not apart of basic services which can include programming,
building information modeling, LEED certification, and post occupancy evaluation.



Cost of the Work - Answer The cost of labor and materials furnished by the owner and the cost of items
specified or designed by the architect, plus a reasonable allowance for overhead and profit.