05.0

Question 1

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

Answer 1

Project control

Question 2

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

Answer 2

Project control

Question 3

Is the process of procuring subcontractors and overseeing their work on behalf of a client

Answer 3

Subcontractor management

Question 4

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

Answer 4

Pre-award

Question 5

In this stage, general contractor review bids and proposals from subcontractors in search of the best candidates.

Answer 5

Award

Question 6

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 6

Post-award

Question 7

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 7

Close-out

Question 8

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 8

Project crashing

Question 9

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

Answer 9

Change management

Question 10

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

Answer 10

Critical chain

Question 11

The process of acquiring materials, equipment, and/or services from external sources for use in the project. It is a process that usually starts long before the start of the construction process, and ends with project completion or closeout

Answer 11

Procurement

Question 12

Is a project management activity which monitors the supply chain to ensure good and items that have been ordered for a construction project arrive on time and meet the quality specified

Answer 12

Expediting

Question 13

The full completion of a project signed off by all responsible parties and the finalization of all paperwork and payments

Answer 13

Project closeout

Question 14

A list made near to the completion pf a project showing the items a work remaining in order to complete the project scope

Answer 14

Punch list