CM 443 Procore Quiz Questions and Answers Already Passed

CM 443 Procore Quiz Questions and Answers Already Passed Once you decide on a name for your business, which of the following is the first action you should take? Form a corporation or a limited liability company Which of the following is the first step in business planning? Performing a SWOT analysis Before entering a joint venture or partnership it is important to establish terms on: Both a & b (Management & Capital Contribution) What is the basis for a strategic plan? Both b & c (It should outline a plan built upon marketing position and potential threats & It should address the 10 year vision for your business) Fill in the blank: A CEO is primarily concerned with _________, A strategic plan Fill in the blank: A marketing plan should _________. Be supported by the business developer In between the time that project leads are generated and contracts are established, which of the following can be used to leverage marketing? Direct Mail Fill in the blank: Business Development is an art because it consists of _____. Both a & c (Image-building & Relationship development) Fill in the blank: Business development is a science because it consists of _____. Both a & b (Consulting & Turning relationships into project opportunities) Typically how long is the Long Sales Cycle in construction? Between 6 months and several years What is intrapreneurship? Starting a business within the confines of an existing business Multiple Answer: Which of the following do both intrapreneurial firms and venture capital firms provide? Advice; Seed Money Which of the following is a reason big businesses often fail when implementing new branches or businesses within their business? All of the above When creating a new business unit, what is the first phase? Strategy In which of the following phases of business creation does a team take on the full responsibility of a business unit? Launch Funding Which of the following would be an example of "micro seed innovation"? Providing employees within a company with a fixed amount of discretionary funds to start their own intrapreneurial ventures Multiple Answer: When you start a new job you often sign an employer agreement that outlines which of the following? Rules against using company resources for personal work; Intellectual Property Rights Fill in the Blank: A non-disclosure agreement allows you to ______. Discuss ideas with other parties and ensure your intellectual property is protected Which of the following is a type of intellectual property protection? All of the above Once you receive funding for your intrepreneurial venture, what is the next step you should take? File for the type of business formation that makes the most sense for our organization or partnership A habit is an acquired mode of behavior that has become nearly or completely ________ . Involuntary Select All That Apply: What are the 3 components of a habit loop? Cue, Routine, Reward Which of the following is one of the 7 Lean Construction Principles? All of the above are Lean Construction Principles Which of the following Lean Construction Principles encourages employees to learn from manageable failures by embracing the acronym F.A.I.L. (First Attempt In Learning)? Continuously Improve According to Lean Construction Principles, waste is anything that does not add value to the customer. True According to the Scrum Framework, how can you build and increase the work capacity of your business? Recognize and take action against waste What are the 3 pillars of the Scrum framework? Transparency, Inspection, Adaptation What are the Scrum values? Respect, Openness, Courage, Focus, Commitment What is true about the product backlog? The product backlog lists everything the team needs to accomplish in the upcoming sprint; The product backlog improves communication effectiveness; The product backlog is created before the sprint begins The phrase, "Walk the Board" refers to the process of reviewing your scrum board in the daily scrum (stand up). Which of the following is a question you can ask yourself and your team during the daily scrum (stand up)? All of the above What percentage of Owners, General Contractors, and Trade Contractors have experienced a dispute or claim in the last 5 years? More than 50% Which of the following do Trade Contractors rank as the issue that has the greatest impact on their business? Warranty Issues True or False: Owners, General Contractors, and Trade Contractors equally rank construction defects as the dispute/claim that has the greatest impact on their businesses. False Which of the following is not one of the top three post-recession risks for contractors? Owners transferring risk to themselves Which of the following is considered to be the top risk evaluation strategy? Formal brainstorming with the team Which of the following is considered an obstacle preventing use of more risk management practices? All of the above True or False: There is an increased tendency for clients to shift project risk to contractors. True which of the following can help contractors combat an increased shift of project risk from clients to contractors Increase risk management strategies True or False: Collaboration increases risk. False How does project management software decrease risk? All of the above Which of the following creates challenges for general contractors who are adopting new technology? Both A & B (employees may be spread across the country & general contractors may already use software that subs are required to work within) True or False: It is not possible to maintain productivity during implementation. False Hyper-departmental technology refers to technology that is being used by how many people in an organization? 1-2 How many magnitudes of organizational technology reach exist? 4 Which of the following magnitudes of organizational technology reach describes a software that is used by one single department? Departmental True or False: Hyper-departmental softwares require company-wide training and implementation. False Which of the following magnitudes of organizational technology reach requires the most planning for training and implementing? Company When establishing a work plan for implementing technology, which of the following actionable plans should be anticipated? Both A & B (time needed for each magnitude & selecting champions) True or False: When rolling out a new software to field employees you should not choose a project that has already started. True True or False: Successful implementations follow a step-by-step roadmap. True Multiple Choice: What is the end goal of a Building Information Modeling (BIM) process? To build projects virtually before the project team begins construction. Select All That Apply: Name two powerful BIM benefits for design professionals like architects and engineers. The visualization and approval of designs; Effective and efficient analysis, simulation, and iteration to create better projects. Multiple Choice: According to the report by Dodge Data and Analytics, what activity was cited as the most valuable and frequent when using BIM during pre-construction? Multi-trade Coordination True or False: You have to be a certified "modeling wiz" to improve project efficiency and effectiveness with BIM. False True or False: The purpose of the BIM coordination process is to eliminate the need for installation drawings. False What is the key benefit underlying all of the benefits that the BIM coordination process provides? Bringing more certainty to the project Multiple Choice: How do BIM processes improve productivity? All of the above Hill Group used modeling and fabrication to complete a 3 month project in ________ . 3 weeks Select two choices: According to a report by Dodge Data and Analytics, what are the top 2 values of BIM according to users with high BIM engagement*? *High BIM engagement = more than 50% of their users projects involve BIM BIM tools improve collaboration; BIM helps eliminate unnecessary rework Select All That Apply: According to the contractors polled by Dodge Data and Analytics, what aspects of BIM do contractors recognize as improvements to site safety? Using BIM to identify potential site hazards before construction begins; Clash detection; The ability to support prefabrication In which of the following phases of quality control does a project team review site conditions? Preparatory Fill in the Blank: The "follow-up" phase of quality control consists of _____. Daily monitoring Fill in the Blank: An inspector's responsibilities may include ______. Both A & B (Materials Testing; Soil Testing) The Harmon Tower in Las Vegas was demolished because of unreported quality issues in which of the following? Steel Reinforcement Fill in the blank: When it comes to inspections, _______ is invaluable. Photographic Evidence Which of the following is the most common mistake made that impacts project quality? Not clearly defining the scope Having a fantasy timeline for a project can lead to which of the following problems? Job site compression Which of the following is a procurement metric you might want to track in order to assure project quality? Both A & B (Which vendors consistently deliver ahead of schedule; Which project phase experiences the greatest amount of tool damage) Which of the following is an HR metric to track in order to reinforce productivity and project quality? The reasons people are recognized for their work Which of the following is a metric you might want to track in order to improve quality management? Whether or not there are flaws in how you process punch lists True or False: The construction industry labor crisis contributes to which of the following? All of the above (Increased safety issues, Impeded schedules, Increased cost of labor) Which of the following is criteria by which technology companies should be vetted? All of the above (The 'why' is well defined within the field, Platform that integrates with other programs, Proven plan of action) True or False: When choosing a new technology the field crew should not be consulted. False True or False: It is not possible to extract value from technology at every stage of construction. False How does technology contribute to efficiency and productivity? All of the Above (Minimal downtime, Transparency, Real-time support) Which of the following is not a value of technology? Short cut to efficiency True or False: Increasing technology usage can improve recruitment and ease of hiring new employees. True True or False: Low profit margins decrease the need for technology. False What effect does technology have on visibility into risk and exposures on the job site? Increased visibility What is true about the current construction industry workforce? Both A & B (Aging & Inexperienced)