3 - The Construction Industry

Question 1

Project Initiation

Answer 1

1. Develop a Business Case
2. Undertake a Feasibility Study
3. Establish the Project Character
4. Appoint the Project Team
5. Set up the Project Office
6. Perform Phase Review

Question 2

Project Planning

Answer 2

1. Create a Project Plan
2. Create a Resource Plan
3. Create a Financial Plan
4. Create a Quality Plan
5. Create a Risk Plan
6. Create an Acceptance Plan
7. Create a Communications Plan
8. Create a Procurement Plan
9. Contract of the Suppliers

Question 3

Project Execution

Answer 3

1. Build Deliverables

2. Monitor and Control

Question 4

Project Closure

Answer 4

1. Perform Project Closure

.2. Review Project Completion

Question 5

Participants of a Construction Project

Answer 5

Client
Consultant Office
Contractor

Question 6

Types of a Construction Project

Answer 6

1. Commercial and Institutional
2. Building
3. Residential
4. Highway Construction
5. Heavy Construction
6. Industrial
7. Specialized Industrial Construction

Question 7

involves building clinics, sports facilities, large shopping centers, hospitals, universities, warehouses, retail chain stores, skyscrapers, schools and other projects of various sizes and types.

Answer 7

Commercial and institutional construction

Question 8

is all about adding structure to the actual property and is likely the most popular kind of construction project.

Answer 8

Building construction

Question 9

include building single unit homes, subdivisions, cottages, apartments, townhouses and condominiums.

Answer 9

Residential construction projects

Question 10

include repair, construction and alteration of roads, alleys, parking areas, highways, runways and streets.

Answer 10

Highway construction

Question 11

involves projects that are not accurately categorized as highway or building. Dams, sewage treatment plants, dredging projects, flood control projects, water treatment plants and sewer line projects are some examples

Answer 11

Heavy Construction

Question 12

may only be a small segment of the construction industry, but it’s very important. Such projects are usually owned by large, forprofit industrial companies like medicine, power generation and manufacturing.

Answer 12

Industrial Construction

Question 13

involve large scale projects with a high level of technological complexity like chemical processing plants, oil refineries, nuclear power plants and steel mills.

Answer 13

Specialized industrial construction project

Question 14

Types of Construction Financing Scheme

Answer 14

1. DB (Design-Build)
2. DBOM (Design-Build-Operate-Maintain)
3. DBFO (Design-Build-Finance-Operate)
4. DBOT (Design-Build-Operate-Transfer)
5. DCMF (Design-Construct-Manage-Finance)
6. BT (Build-Transfer)
7. BLT (Build-Lease-Transfer)
8. BOT (Build-Operate-Transfer)
9. BOO (Build-Own-Operate)
10. BOOT (Build-Own-Operate-Transfer)
11. BLOT (Build-Lease-Operate-Transfer)
12. ROT (Rehabilitate-Own-Transfer)
13. ROO (Rehabilitate-Own-Operate)
14. ROOT (Rehabilitate-Own-Operate-Transfer)