Pmp Exam: Quick Reference Guide -Fast Track. 300 Questions With Detalied Answer 1st Edition Coll - Solutions

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What are the major factors that influence the amount (percentage) of profit a contractor desires in a project?
The following expenses are direct expenses (D), job overhead (J), or general overhead (G)? (If expense is not clear, make an assumption and answer based on your assumption)a. A pickup truck for the project manager of a building project.b. Paint for the external walls of a building.c. A bonus paid
An owner has complete design documents for a 20-story office building. He is asking for your opinion on the recommended type of contract and delivery method. Make recommendations along with justification.
Why is the schedule of values important even in lump-sum contracts?
What is the Schedule of values? What elements does it contain?
Moving the accuracy of the estimate from 70% to 90% takes a lot more effort than moving from 0%to 70%. Explain.
Define the baseline budget.
To the quantity surveyor, doing quantity estimating for a project identical to a previous one is an easy task. This may not be the same for the cost estimator. Explain.
Define cost estimating and quantity estimating/surveying. Draw the differences between them.
Define cost and differentiate between cost and value. Give an example.
One of the recommendations in Question No. 11 is “The decision-maker must balance between hesitation and rushing.” Explain with some examples.
An owner organization with complex bureaucratic decision-making process, is planning to have a major construction project. You need to work with the organization as an advisor to simplify the decision-making process to define the project scope clearly early enough, so they can minimize the
What is progressive elaboration?
Give an example of a change that the more we wait to make the decision, the more it costs.
Too many changes during the construction phase are an indication of poor scope management, yet not all changes are necessarily bad. Explain this statement.
You are an architect. An owner comes to you requesting the design of a house that costs, according to the client’s specifications and your initial calculations, $1.5 million, but his/her budget is limited to $800,000. How would you handle the situation?
The project scope must be well defined yet flexible. Please explain.
How would the designer help the owner in defining the project scope?
Who takes primary responsibility for scope management?
What is scope management? What are its two main components?
What is scope creep? What are its main causes?
Define project scope.
How would you respond to those owners who say, “I don’t have time for planning?”
How do project planning and organizational strategic planning work together?
Why is performing constructability and value engineering important during the planning process?
Define value engineering. What benefits does it attain?
Define constructability. Who usually performs it? Why?
What do preconstruction services include? What is the main purpose of such services?
Why do we call the period between signing the contract and having the NTP issued the “golden period”?
The contractor’s planning depends on the stage he/she is in. Considering the four stages shown below, mention actions the contractor can do as part of his/her planning effort in each stage. Heard about the project Invitation for bidding Submit my bid Bidding period 2 Open bids, announce winner
Planning for an owner helps with two objectives, explain.
Explain the principle of benefit‐to‐cost ratio in contractor’s planning.
What are the main benefits of the contractor’s planning?
For a typical construction project, each of the involved parties, owner, designer, and contractor, needs to do their own planning. Explain this point, focusing on the differences among their planning.
Define the Project Management Plan. What are the basic elements contained in the plan?
What is the main dilemma in a contractor’s planning?
Define planning and give an example.
Which type of contract do you recommend in each of these situations: LS (lump‐sum), UP (unit price), or CF (cost‐plus‐fee)a. Single‐family home with a design familiar to the contractor.b. Single‐family home with a new design that is not familiar to the contractor.c. Several sidewalks with
Private owners can award bids without competitive bidding. Government agencies, in most cases, cannot. Why? Are there exceptions? Explain.
What is the difference between Design–Build and Turnkey delivery methods?
Your friend is thinking of building an office building. He wants to save money by hiring subcontractors directly, rather than hiring a GC. What would you advise him? Your answer must make assumptions about the owner; mention these assumptions.
Give two examples of “conflict of interest” in construction contracts.
Under what circumstances would you recommend a Pure‐Agency CM delivery method to an owner?
Give an example of a project where you recommend:a. Lump‐sum contractb. Unit price contractc. Cost‐plus‐fee contract
Which party bears most of the risk in cost‐plus‐fee contracts? Why? Are there ways to shift some risk to the other party?
Which party bears most of the risk in lump‐sum contracts? Why? Are there ways to shift some risk to the other party?
What are the types of fixed‐price contracts? Under what circumstances would you recommend each?
What is bid unbalancing? Why do some contractors do it? What are the risks and potential problems with this practice?
What is courtesy bidding?
What is bid shopping? Why is it unethical?
Mention the factors that influence the contractor’s decision to bid on a project.
What methods may an owner use when time matters?
What is bidding with options?
Can a bidder modify or withdraw their bids after submitting their bid? Be specific on when they can and when they cannot.
What are the advantages and disadvantages of the design–build delivery method?
What is an addendum? Explain and mention under what circumstances it is issued.
What is the difference between bidders’ pre‐qualification and post‐qualification? Under what circumstances do you expect each method?
In addition to the lowest price, the owner may have other selection criteria, such as what?
Can a public agency hire a contractor using the direct award method? Explain.
What are the different ways for an owner to procure the services of a contractor? Briefly describe each and compare them.
What are the requirements for any contract to be legally enforceable?
What is a brief definition of a contract?
What are the owner’s choices in monitoring the construction process and the contractor’s adherence to the contract terms?
The designer will attempt to optimize the design from the client’s perspective but can also help optimize the design from the contractor’s perspective. How can the designer do this?
In the design of building projects, the architect and structural engineer complement each other’s work, explain.
Design and construction go in sequence: design first and then construction. Can they overlap?Explain.
The architect designs and balances two important criteria, while the structural engineer designs two other criteria. Discuss the balance of these four criteria. Which one of them is not subject to compromise?
Who is the “chief designer” for a typical road and bridge project?
Who is the “chief designer” for a typical building project?
What are the two main types of project organization? How do they differ? What is the project organization that is in between the two types?
Mention two types of each category:a. Vertical constructionb. Horizontal construction
For the same construction project, the contractor has a PM, and the owner may have a project manager. What are the major differences in their roles?
What is a PMO? Why would an organization have a PMO as a part of its structure?
What benefits does certification in construction management, or one of its specialties, bring to the bearer of the certificate, to the employer, and to the client?
What are the types of owners of a project?
What is a capital improvement project?
In what aspects do public and private projects differ?
Mention the main stakeholders in a private project.1. 9 Mention the main stakeholders in a public project.
Why must an owner do feasibility study before approving or making a final decision on the project?What are the main objectives of this feasibility study?
How does the owner’s “project” differ from the contractor’s “project”?
Do you consider the following as projects (with the description as is)? If not, modify it to make it qualify as a project.a. Improving your educationb. Changing a flat tirec. Losing weightd. Building a 20 feet by 25 feet expansion for your housee. Cleaning the gutters of your house periodicallyf.
You are thinking of converting part of your house attic to an office. How can you make this idea into a project?
Give an example of a program that contains projects.
Define a project and give an example.
What is accounting?
The meetings usually held at the end of the iteration A. Review meeting (product-based).B. Retrospective meeting (process-based).C. A and B.D. Team happy hour.
Team space encourages the following, A. Collaboration B. Communication.C. Transparency.D. All of the above.
One of the below is not an information radiator, A. Burn up chart.B. Excel sheet stored on the computer.C. Burndown chart.D. Dashboard.
One of the below is not a core principle of XP, A. Planning game.B. Working software is the primary measure of progress.C. Collective code ownership.D. Refactoring.
Standard that an agile team to follow in the work environment called A. Agile contract.B. Team agreement.C. Working agreement.D. Agile agreement.
Sprint 0 focuses on, A. Developing an initial requirement B. Initial architecture C. Setting up the environment D. All of the above.
The product backlog should be, A. Detailed B. Estimable C. Prioritized D. All of the above.
Persona has one of the following, A. Name.B. Picture.C. Behavioral traits.D. All of the above.
Escaped defects are identified by the, A. Customer.B. Agile team.C. Quality control team.D. Operations.
One of the below is not an emotional intelligence quadrant A. Self-awareness B. Project-awareness.C. Self-management D. Social awareness
Work in progress, the agile team, prefers to A. Increase.B. Reduce.C. Stop.D. Pause
Continuous improvement can follow on the below agile practices, A. Daily stand up meeting.B. Retrospectives.C. Demo.D. All of the above.
Definition of done can be created by, A. Team.B. Product owner.C. Scrum master.D. All of the above.
A chart which used in collecting requirements, when some distractions happen during the discussion called as A. Burndown chart.B. Parking lot chart.C. Burn up chart.D. Kanban board.
The agile manager collects lessons learned during A. End of every iteration.B. End of every release.C. Throughout the project.D. End of every retrospective.

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Pmp Exam: Quick Reference Guide -Fast Track. 300 Questions With Detalied Answer 1st Edition Coll - Solutions

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