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1

how many questions are in the PjM division on the NCARB exam?

75

2

how much time do you have on the PjM exam?

3 hr

3

if you set aside ___ minutes for each of the case study problems, that leaves about ___ for the other items

5, 1

4

what is the main topic for module 1 as well as the 2 areas of focus?

resource management

1. determine criteria required to assemble team

2. assess criteria required to allocate & manage project resources

5

what is the target % for module 1 on the exam?

7-13%

6

what kind of plan will help you determine how the design work will be delivered, who will perform the work, and the projected profit of the project?

staffing plan

7

name the 4 qualities of an ideal staff

1. excellent communication skills

2. ability to keep on track & stay focused

3. talent for overcoming design challenges & obstacles as they arise

4. experience in the specific project type

8

who is responsible for assigning staff & assessing their skills and work that needs to be done on a particular project?

project manager

9

how many hours are in a full-time year?

40 hours x 52 weeks = 2,080 hours

10

if a PM is paid $32/hr, what will their yearly salary be, not including bonuses?

$32 x 2080 = $66,650/yr

11

if a CAD draftsperson is paid $20/hr, what will his/her yearly salary be, not including bonuses?

$20 x 2080 = $41,600/yr

12

what are 3 typical staff benefits?

1. vacation days
2. sick days
3. health insurance

13

what are 4 overhead expenses in a typical firm?

1. employee compensation
2. office rent
3. computers & printers
4. insurance

14

each staff member is assigned a _____ to cover slaries, expenses, & create a profit.

billable rate

15

what is the purpose of a billable rate?

each staff member is assigned a billable rate to cover salaries, expenses, & create a profit

16

in a small firm, the billable rate might utilize a multiplier of ____ while in a larger firm it could be ____ or higher.

small = 3
larger = 5

17

what would be the hourly salary for a PM who is billed out at $95/hr and works in a small firm w/ a multiplier of 3?

$95 / 3 = appx. $32

18

what would be the billable rate of a project architect who earns $25/hr in a large firm w/ a multiplier of 5?

$25 x 5 = $125 per hour billable rate

19

why would larger firms have a higher billable rate than smaller firms?

larger firms typically incur more overhead (larger offices, more equipment, a larger staff, greater expense)

20

the ratio of an employee's billable hours to their total hours worked is called their _____?

utilization rate

21

what is the utilization rate?

the ratio of employees billable hours to their total hours worked

22

what is the formula for utilization rate?

billable hours / total hours worked

23

in a normal 40 hour work week, if a PM is assigned an 80% utilization ratio, how many hours are expected to be billable during the week?

32 hrs

40 x .8 = 32

24

in a normal 40 hour work week, if a jr. staff is assigned a 100% utilization ratio, how many hours are expected to be billable during the week?

40 hrs

25

what are some questions to consider to determine project fit?

- what are the skills needed?
- does the firm have enough staff? experienced staff?
- what other experts or consultants are required?
- does the project have special requirements?
- will new software & training be required?
- does the firm have experience in this project type?
- does the location of the project affect ability to perform?
- if project is in another state, is one of the principals licensed in that state?
- does the firm have enough of a portfolio or references to win the project?

26

what is flexible staffing?

teaming up w/ other architects or professionals on an as-needed basis

typically used by small firms to allow them to submit proposals for larger projects

27

what are the advantages of flexible staffing?

- extra help w/ no commitment to keep them on after project is complete
- no overhead costs associated w/ employee benefits
- allows firm to gain specialized expertise
- the borrowed or contract employee gets a fairly predictable revenue stream & workload
- a contrat employee has more freedom in setting their own schedule & rate
- ability to pursue larger project types

28

what are the 3 types of firm business models?

1. efficiency-based firms
2. experience-based firm
3. expertise-based firm

29

what are the advantages of an efficiency-based firm?

- can do the project better, faster, & cheaper

- projects are not complex and have many repeatable elements

- employ the latest production technology & continually improve the production process

30

what are the advantages of an experience-based firm?

- they know what they are doing

- can do unique & complex projects by applying their accrued knowledge

- leverage relationships to acquire project & collaborate to deliver them