Construction Reports Flashcards

(55 cards)

1
Q

___________– are
formal
documents
that
communicate key events,
project stages, or processes
to stakeholders like clients,
local
authorities,
purchasers.

A

Construction reports

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2
Q

Maintaining a record of documents provides crucial evidence in disputes, safeguarding yourself, your
team, and your company.

A

PROTECTION IN DISPUTES

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3
Q

Construction daily reports provide updates to clients or investors, documenting progress and
confirming that work has been completed on their behalf

A

CLIENT BENEFIT

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4
Q

Reports serve as a management tool for tracking events and preserving key information for future
reference. They should include all relevant details necessary for informed decision-making.

A

KEEPING TRACK OF THE ACTIVITY

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5
Q

Tracking progress across tasks, teams, and work phases provides clear visibility into challenges and
opportunities for improvement

A

PRODUCTIVITY, PERFORMANCE, AND INSIGHT

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6
Q

Reports in construction management that monitor
material procurement, usage, and inventory,
ensuring efficient resource allocation, cost control,
and compliance with project requirements

A

MATERIALS REPORT

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7
Q

A financial document that tracks all project
expenses, helping managers control spending, avoid
cost overruns, and maintain financial clarity

A

COST REPORT

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8
Q

A trend report in construction management analyzes
emerging patterns, technologies, and market shifts
that impact the industry. It helps stakeholders
anticipate changes, adapt strategies, and make
informed decisions.

A

TREND REPORT

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9
Q

A progress report in construction management is a
document that tracks the status of a project, detailing
completed work, ongoing tasks, timelines, budget
updates, and any encountered issues

A

PROGRESS REPORT

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10
Q

______________ is the process of
tracking, evaluating, and controlling a
project’s progress to ensure it stays on
track and meets its objectives within the
defined scope, budget, and timeline. It
involves regularly assessing various aspects
of the project, such as tasks, timelines,
budget, and quality, to identify any
deviations from the plan and take
corrective actions.

A

Project monitoring

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11
Q

________ and __________-also helps in
providing feedbacks to management on the
different schedules prepared earlier, in order to
ensure that the project is progressing as per
schedule

A

Monitoring and control system

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12
Q

Work completed compared to
the planned schedule.

A

Schedule Progress

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13
Q

Difference between actual
costs and budgeted costs

A

Budget Variance

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14
Q

Number of defects or non
conforming work

A

Quality Control

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15
Q

Number of accidents or near
misses.

A

Safety Performance

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16
Q

Efficiency of labor,
equipment, and materials

A

Resource Utilization

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17
Q

Regular reports that
summarize project status, risks, and
issues

A

Progress Reports

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18
Q

Regular meetings
with stakeholders to discuss progress,
identify issues, and make decisions

A

Meetings and Reviews

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19
Q

Regular visits to the
construction site to assess progress,
quality, and safety

A

Site Inspections

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20
Q

__________ can be defined as planning and
programming of the remaining portion of
an activity job by introducing the latest
information available. At the end of any
day of work, the activities of the project
must either be completed, in progress, or
they may not have started yet

A

Updating

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21
Q

Effective project control ensures
cost
efficiency,
timely
completion, and adherence to
quality
standards.
deviations
Since
from plans are
common
in
construction
projects, continuous monitoring
is essential

A

Effective project control

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22
Q

Collect real- time project
information

A

Gather Facts & Data

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23
Q

Identify variances and
trends

A

Analyze Data & Progress

24
Q

Forecast project trajectory based on
current progress.

A

Predict Likely Outcome

25
Adjust schedules, budgets, and resources to maintain alignment with objectives.
Take Corrective Actions & Replan
26
This method involves counting the number of items installed and comparing it to the planned total, providing a straightforward measure of progress
Quantities Installed
27
Project personnel estimate the percentage of completion for activities, offering a subjective but practical measure of progress
Percent Complete
28
This method assesses progress based on time spent on tasks that are not easily quantifiable, such as logistics and planning
Effort by Support Services
29
In this method, the percentage completion value is assigned based on pre defined estimated work for a predefined milestone.
By milestones
30
In this method, the progress and contract terms of pay ments are related
Tied to contract terms of payment
31
This method of measurement of progress is limited to two predefined measurement points
Two- point measurement
32
the process of managing expenses to ensure a project stays within budget while maintaining quality and efficiency
cost control
33
calculates the total cost and profit or loss only after a contract is completed. Not considered as a true control system since the gathered data cannot be used to manage the ongoing project
Profit/loss at the Completion of Contract
34
cost calculation is done for different stages or milestones of a construction project.
Stage-wise Completion of Cost
35
the system commonly used in the manufacturing industries
Standard Costing
36
Can be used to monitor the cost of a construction project. It depicts the progress profile of a construction project
S-Curve
37
The second curve is running below the first curve. This is an ‘under spend’ situation Shows an ‘overall delay’ indicating that the project is running behind schedule
S-Curve Sample
38
Project cost report is prepared monthly. The report compares actual costs against the approved cost estimate for major items, and take corrective actions if there are cost overruns
Unit Costing
39
This includes foreseeable loss and expenses to be incurred in closing down of the projects.
Provision for Expenses
40
are costs that a company has already paid but has not yet fully consumed or recognized as an expense
Deferred Expenses
41
_____________ is a methodology for determining the cost, schedule and technical performance of a project by comparing it with the planned or budgeted performance
Earned value
42
the budget or plan for all work packages planned to be completed. This curve is derived from the work breakdown structure (WBS), the project budget and the project master schedule
Budgeted Cost for Work Scheduled (BCWS)
43
The planned costs of the work allocated to the completed activities are the earned value. It is calculated from the measured work complete and the budgeted costs for that work.
Budgeted Cost of Work Performed (BCWP)
44
This is the real cost of the work charged against the completed activities. _________-curve is found by actual measurement of the work completed
Actual Cost of Work Performed (ACWP)
45
Schedule and cost variances can both be calculated in monetary terms (or in man-hour terms) from the data needed to produce the S-curves
Variances
46
the difference between the earned value and the planned budget.
Schedule variance (SV)
47
the difference between the earned value and the actual cost of the works.
Cost variance (CV)
48
indicates whether the project is on time.
Schedule Performance Index (SPI)
49
indicates whether the project is spending as per the budget.
Cost Performance Index (CPI)
50
used to forecast the likely course a project will take based on the current status. Can be calculated in various ways.
Estimate at Completion (EAC)
51
the difference between budget at completion (BAC) and EAC
Variance at Completion (VAC)
52
Activities and techniques employed to achieve and maintain the quality of a product, process, or service
QUALITY CONTROL
53
Three major quality control methods
* Inspection * Testing * Sampling
54
__________-- IS WHEN YOU SHORTEN THE DURATION OF A PROJECT BY REDUCING THE TIME OF ONE OR MORE TASKS
PROJECT CRASHING
55
CRASHING IS DONE BY INCREASING THE _____________-, WHICH HELPS MAKE TASKS TAKE LESS TIME THAN WHAT THEY WERE PLANNED FOR.
RESOURCES TO THE PROJECT