construction theory Flashcards
how many processes groups are there within project managing? name them
- initiating, planning, controlling and monitoring, executing, and closing
are there several estimators per project?
yes many companies have estimators that specialize in one area IE electric vs concrete
how can computers help during cost estimating?
computers can help by assisting in the number crunching and by using databases to retrieve information for a similar project which can help them with figuring out costs
what sequencing is the architect in charge of?
an architect is in charge of the design and creating contract documents
what sequencing is the contractor in charge of?
construction
what is programming and why do architects need it?
programming is the action of gathering data during a design sequencing phase
what phases are in the “owner-architect agreement”
schematic design, design development, construction document, bidding or negotiating, and construction phase
what dictates the amount of time allowed for each phase of the owner-architect agreement?
size and complexity of the project, number of staff working on the project, abilities and design methodology of the staff, and type of client
what is the trade off in the time-cost trade off?
the shorter a project time is then the higher the costs and vice versa
what is a direct cost?
a direct cost is a cost that vary with the level of output
aka direct cost, variable cost, operating costs, prime costs, and on costs
whta is an indirect cost?
aka fixed cost
costs that are not directly related to a particular function or product. these costs include taxes, security costs, personnel, and administration
what is crash time/critical path?
the shortest time in which an activity can be completed
when fast tracking what percentage can be saved in terms of costs?
10%-30%
what is resource leveling?
used to address overallocation. tasks can be delayed or tasks can be split so that parts are completed when planned and remainders are completed when resources become available
what is EVM?
its earned value management which is a project management technique in where you compare the project value and the earned value
why is the EVM different from other budgeting models?
its different because it requires you to calculate the costs in the present rather than at the beginning to track whether you are at your goal or not. also can base its value on hours or dollars