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construction project management

Questions and Answers of Construction Project Management

How many items should be included in the work breakdown structure?
Which members of the construction team input to the project plan?
What is the difference between scheduling and planning?
Utilizing the detailed schedule on the website, develop a schedule unique to the plumbing contractor.Include work of other trades as it affects the plumber’s work.
Develop a short-interval schedule for the construction of the foundation work for the NanoEngineering Building. Identify the activities and logic and estimate reasonable durations for the activities.
Where do most estimate errors occur?
What is an acceptable jobsite general conditions percentage? Should straight percentage calculations be used in developing an estimate?
If an estimator is certain of receiving at least one or two subcontract bids on bid day, why should he or she bother with estimating that area of work themselves?
What is the 80–20 rule and how does it apply to estimating concrete formwork?
What is wrong with using unit prices from published references for material and subcontract items of work?
Why is it important that the first conceptual estimate developed by a contractor be somewhat accurate?
List five of the general contractor’s personnel who should participate in developing an estimate for the project and what their specific roles would be.
What are two sources for labor productivity rates?
What is the difference between jobsite general conditions and home office indirect costs?
When is a construction schedule developed in the estimating process and why?
How does an estimator develop the work breakdown structure for a project?
What is the greatest risk the contractor faces when developing a cost estimate?
What is the difference between a conceptual cost estimate and a detailed cost estimate?
In addition to the data shown in Worksheet 3.6 summary estimate and on the website for NanoEngineering, what other detail would a construction-savvy client look for from a contractor on a completely
Complete and expand the WBS shown in Box 3.2 and on the website for the NanoEngineering Building to (1) the second level, and then (2) the third level.
Complete and expand the project item list shown in Worksheet 3.1 for the NanoEngineering Building.Items that require decision regarding self-performed or subcontractor work should be noted.
Using Figure 3.2 and the organization chart in Figure 1.1 from Chapter 1, develop an estimating assignment list for each team member, including due dates. Include a “check person” for each major
What are four alternative risk response strategies that a contractor might consider in developing a risk management plan?
What are five potential risks that a contractor might face on a construction project?
What contractor’s risk is covered by worker’s compensation insurance?
What is the difference between named-peril and all-risk builder’s risk insurance?
What is the difference between builder’s risk and general liability insurance?
What are the four types of bonds used in construction? Why do owners require them?
What does contractor prequalification mean in the context of a construction contract procurement strategy?
On what basis is the successful contractor selected in a negotiated method of contract procurement?
On what basis is the successful contractor selected in a bid method of contract procurement?
What is the difference between the bid and the negotiated methods of contract procurement?
What is the difference between a lump sum and a cost-plus construction contract?
Under what conditions might an owner decide to use a unit price contract?
What is the difference between a lump sum and a unit price contract?
What type of construction materials are covered in division 9 of the technical specifications of a construction contract?
What type of construction materials are covered in division 3 of the technical specifications of a construction contract?
Name and describe the four types of technical specifications.
Why might an owner decide to include a special conditions section in a construction contract?
What is the difference between a contract addenda and a contract change order?
What types of information would you find in each of the following contract documents?Agreement General conditions Special conditions Technical specifications Contract drawings
Why is it essential that a project manager fully understand the requirements and procedures specified in the contract documents?
What criteria should a contractor use in deciding for which to submit bids?
What risks does a contractor face when bidding on a construction project located in a city in which they have never had a previous project?
Calculate a contractor’s cost for performance and labor and material payment bonds using the rate schedule shown in Table 2.4 for each of the following:A construction project has an estimated cost
What criteria might an owner use when negotiating a lump sum contract for the construction of a shopping complex that she desires to be completed prior to the start of the Christmas shopping season?
What information might an owner require contractors to submit for the owner’s review during the prequalification process, if the owner wants to identify the best-qualified contractors for
What requirements might be included in the special conditions of a contract for the construction of a major addition to an operational hospital in a major metropolitan area? What impacts would these
Redraw Figure 1.4 depicting the lines of communication among the project participants.
Describe the advantages and disadvantages of the project management organization shown in Figure 1.12 as compared with the organization shown in Figure 1.11.
Develop an organization chart for a project management organization to manage the construction of a$20 million office complex that is to be completed within 1 year.
What is bid shopping, and why is it considered to be unethical behavior?
What are the major duties of the project or field engineer?
What is the difference between the design-build delivery method and the IPD method?
What is the difference between the traditional and the construction management delivery methods?
What are the major phases of a construction project, and what occurs during each phase?
What are five critical project attributes that the project manager must integrate?
Project scope defines:a. A project manager’s visibility to the end date.b. The magnitude or size of the job.c. How often a project has been changed.d. The limits of a project manager’s authority.
We have talked about strategy, tactics, and logistics. Which must be decided first? What is the function of tactics? When would you plan for logistics?
What are you trying to achieve with the project? What need does it satisfy for your customer? Who exactly is going to actually use the project deliverable(s) when it is finished? (That is, who is
Where are we (in terms of PCTS)?
When there is a deviation, what caused it?
What should be done about the deviation?
Analyze the project environment in your organization. Make a list of ten important project leadership characteristics that help ensure success. From that list, identify the three most important
3. PMBOK defines:a. The body of knowledge identified by PMI as needed by project managers to be effective.b. A test administered by PMI to certify project managersc. An acronym for a special kind of
4. Project scope defines:a. A project manager’s visibility to the end date.b. The magnitude or size of the job.c. How often a project has been changed.d. The limits of a project manager’s
÷What are you trying to achieve with the project? What need does it satisfy for your customer? Who exactly is going to actually use the project deliverable(s) when it is finished? (That is, who is
÷Write a mission statement, answering the two basic questions:What are we going to do?For whom are we going to do it?
÷Talk to your customer about these issues. Do not present your written statements to her. Instead, see whether you can get confirmation by asking open-ended questions. If you can’t, you may have
Following is a list of tasks to be performed in preparation for a camping trip. Draw a WBS that places the tasks in their proper rela- tionship to one another. The solution is contained in the
1. Is the task ahead or behind schedule? By how much?
2. Is the task overspent or underspent? By how much?
Calculate how long it would take your current personal or family savings to double at the current interest rate you are being offered by your bank. What will it take for you or your family to reduce
If the nominal interest rate on a savings account is \(0.25 \%\) payable, or compounded, quarterly, what is the effective annual interest rate? If \(\$ 1,000\) is deposited into this account
A football player signed an \(\$ 11\) million 10 -year contract package with a football team he joined recently. Based on this contract, the football player will receive the following benefits; his
How much must be deposited into a project account today if the project costs for each of the first 5 years is \(\$ 12,000\) and this amount increases by \(10 \%\) per year for the following 10 years
In order to maintain RAB University's football stadium, the athletic department of the university needs annual maintenance costs of \(\$ 60,000\), annual insurance costs of \(\$ 5,000\), and annual
A newly implemented technology in a manufacturing plant pays zero revenue in the first 2 years but \(\$ 1,000\) revenue in the third and fourth years; this amount increases by \(\$ 500\) annually for
Repeat Exercise 8.6 if the MARR for the company is \(5.5 \%\) in the first 4 years and increases to \(6 \%\) starting in year 5.Exercise 8.6A newly implemented technology in a manufacturing plant
A company borrowed \(\$ 10,000\) at \(12 \%\) interest per year compounded yearly. The loan was repaid at \(\$ 2,000\) per year for the first 4 years and \(\$ 2,200\) in the fifth year. How much must
A university alum wants to save \(\$ 25,000\) over 15 years so that he could start a scholarship for students in industrial engineering. To have this amount when it is needed, annual payments will be
A small-scale industry thinks that it will produce 10,000 tons of metal during the coming year. If the processes are controlled properly, then the metal is going to increase 5\% per year thereafter
My grandmother just purchased a new house for \(\$ 500,000\). She made a down payment of \(50 \%\) of the negotiated price and then makes a payment of \(\$ 2,000.00\) per month for 36 months.
A manufacturing unit in a facility is thinking of purchasing automatic lathes that could save \(\$ 67,000\) per year on labor and scrap. This lathe has an expected life of 5 years and no market
An ambitious student wants to start a restaurant, so he wants to buy a nice kitchen set consisting of state-of-art grilles with two tables, three stoves, two dishwashers, three refrigerators, two
In the process of saving some money for my kids college, I plan to make six annual deposits of \(\$ 4,000\) into a secret savings account that pays an interest of \(4 \%\) compounded annually. Two
A newly employed engineer wants to find out how much he should invest at \(12 \%\) nominal interest, compounded monthly to provide an annuity of \(\$ 25,000\) (per year) for 6 years starting 12 years
For the \(T\)-period moving average forecast method, show that\[ \begin{aligned} f_{n+1} & =\frac{\sum_{t=n-T+1}^{n} d_{t}}{T} \\ & =f_{n}+\left[\frac{d_{n}-d_{n-T}}{T}\right] \end{aligned} \]
Develop a numeric example of exponential smoothing forecast. Justify the value of the smoothing factor you use in the example.
Use weighted average forecast approach to generate the forecast in Exercise 9.2. Compare and discuss the result with the forecast generated in Exercise 9.2.Exercise 9.2Develop a numeric example of
Given that the cost of inventory is described by a continuous cash flow function defined as\[ f(t)=v c(Q-\lambda t), \quad t \leq T \]where\(v\) is the inventory carrying charge ( \(\$ / \$\) of
Repeat Exercise 9.4 for the case where the cost of inventory is described by a cyclic distribution over the interval \([0,2 \pi]\) with \(m=4\).Exercise 9.4Given that the cost of inventory is
Suppose the monthly demand for an inventoried item is a random variable having the following distribution,\[ f(x)=\left\{\begin{array}{cc} \frac{1}{50} \sin ^{2}\left(\frac{\pi x}{100}\right), & 0
In a store, the time (in years) when a product is sold is an independent random variable having the following distribution:\[ f(x)=\left\{\begin{array}{cc} 2 \sin ^{2}(2 \pi x), & 0 \leq x \leq 1
The price of an item in a project supply store is a random variable having the following distribution:\[ f(x)=\left\{\begin{array}{cl} \frac{1}{20} \sin ^{2}\left(\frac{\pi(x-35)}{10}\right), & 35
The 10-year historical demand data for a part is presented as follows:Determine the forecast for year 11 using the following forecasting approaches:a. Simple averageb. Simple 4-period moving
For the project data in Table 5.2, redefine the activity durations in terms of the PERT estimates presented as follows. If the other activity data are the same as presented in Table 5.2, compute the
Presented in the table is the activity data for a project that is subject to variable resource availability. It is assumed that the scaled CAF weights for the activities are already known, as given
Use the minimum totals lack (Min TS) heuristic to schedule the resource-constrained project. If a tie occurs, use minimum activity duration to break the tie.Units of resource type 1 available
For Exercise 5.3, draw the resource loading diagram for each resource type on the same graph. Which resource type exhibits more fluctuations in resource loading?Exercise 5.3Use the minimum totals

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