MIDTERM sa CONSMAN

Question 1

It is the process of keeping a close eye on the entire
project management life cycle and ensuring the
project activities are on the right track

Answer 1

project monitoring

Question 2

This is used to measure a project’s progress.

Answer 2

project monitoring

Question 3

It is
important because it lets you keep tabs on a project
and identify problems

Answer 3

project monitoring

Question 4

The success of project depends on a clearly defined structure. Not
having a plan would be like building a house without a blueprint –
possible, but incredibly difficult with tons of room for error

Answer 4

project monitoring

Question 5

is a technique for determining the
estimated or budgeted value of the work completed
to date (or earned value) and comparing it with the
actual cost of work completed

Answer 5

earned value monitoring

Question 6

is a way to measure and monitor the
level of work completed on a project against the plan

Answer 6

earned value monitoring

Question 7

A method of integrating scope, schedule,
and budget for measuring project performance.

Answer 7

earned value management

Question 8

5 ways of earned value monitoring

Answer 8

(1) gantt chart
(2) accomplished report
(3) s-curve and bar chart
(4) project logs
(5) construction management forms

Question 9

is to gain the
maximum profit within the
designated period within the
budget

Answer 9

cost control

Question 10

is the risk
that a project will spend more
money than was originally
budgeted

Answer 10

project cost risk

Question 11

Helps you collect
data on operators, tools, vehicles and
equipment. This information is necessary
when it comes to planning and
budgeting. Analyzing the aggregated
data reveals a trend. This offers you the
opportunity to compare estimated and
actual costs

Answer 11

information system

Question 12

quality assurance is also

Answer 12

quality control

Question 13

process to ensure materials
and installation meet or exceed the
requirements of the contract documents

Answer 13

quality assurance

Question 14

— A method of
trying to resolve a dispute by
the use of an impartial
intermediary to suggest ways
to settle the dispute, rather
than imposing a decision upon
the parties

Answer 14

mediation

Question 15

When two or
more parties with competing
interests discuss an issue with
the aim of reaching an
agreement. It is the first step
towards resolving claims

Answer 15

negotiation

Question 16

The continuous process of: Monitoring
work progress, comparing it to Baseline Schedule and
Baseline Budget (what was supposed to happen or what
was planned), finding any variances (deviations from
baselines), where and how much; analyzing the variances to
find out the causes, and then taking corrective actions
whenever and wherever necessary to bring the project
back on schedule and within budget

Answer 16

project control

Question 17

Process that encompasses the resources,
procedures, and tools for the planning, monitoring,
and controlling of all phases of the capital project
lifecycle.

Answer 17

project control

Question 18

includes estimating, cost and schedule
management, risk management, change
management earned value progressing and
forecasting

Answer 18

project control

Question 19

is the process of
procuring subcontractors and overseeing their work
on behalf of a client. In construction, general
contractors are responsible for this

Answer 19

subcontractor management

Question 20

During
this stage, general
contractors assess the
project’s needs

Answer 20

pre award

Question 21

In this stage, general
contractors review bids and
proposals from subcontractors
in search of the best
candidates. Once suitable
subcontractors have been
selected, general contractors
will work with them to hammer
out specific contract details

Answer 21

award

Question 22

During this final
phase, general contractors
thoroughly inspect each
subcontractor’s work. They
may request – and follow up
on – change orders if the
work isn’t sufficient.

Answer 22

close out

Question 23

At this point,
the project is in full swing.
General contractors monitor
subcontractors to ensure
they’re operating on
schedule and in accordance
with quality and safety
standards

Answer 23

post award

Question 24

in this phase may also involve addressing requests for
information (RFIs) and keeping subcontractors informed for client requests

Answer 24

subcontractor management

Question 25

It is a method in project management that helps you speed up the timeline of a project through addition of resources. Project managers and stakeholders often use this method to either preserve a project’s estimated deadline or expedite it

Answer 25

project crashing

Question 26

The process of integrating a balanced procedure for recognizing, planning, and evaluating capital project changes in an effective manner

Answer 26

change management

Question 27

It is a method of planning and managing projects that emphasizes the resources required to execute project tasks

Answer 27

critical chain

Question 28

is the assignment of the required resources to each activity, in the required amount and timing. Resource allocation is also called resource loading

Answer 28

resource allocation

Question 29

is minimizing the fluctuations in day-to-day resource use throughout the project.`

Answer 29

resource leveling

Question 30

may be defined as the maximum amount of time an activity can be delayed without delaying the early start of the succeeding activities

Answer 30

free float`

Question 31

in this context include labor, equipment, and materials

Answer 31

resources

Question 32

simply means assigning the right amount of resources to each activity at the right time. The objective of this step is to load each activity with the amount of resources it requires and, hence, calculate its budget This can help link scheduling with estimating and accounting

Answer 32

resource allocation

Question 33

is simply trying to maintain uniform daily use of a resource (or resources) for the entire life cycle of the project or for the longest continuous segment of it

Answer 33

resource levelling

Question 34

is defined as the planning and controlling of all necessary efforts to ensure that the correct quality and quantity of materials and equipment are appropriately specified in a timely manner, are obtained at a reasonable cost, and are available when needed (Construction Industry Institute [CII] 1986b

Answer 34

material management

Question 35

Leveling resources, starting from project start and going through all project activities, fulfilling their resource requirements and maintaining the total resource usage within the set limits.

Answer 35

forward resource levelling