Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

KR RICS APC - Project Management pathway revision flashcards > Guidance notes > Flashcards

Guidance notes Flashcards

1
Q

Cost reporting

A
  1. General principles
    Purpose of cost reporting
    Models
    Factors affecting cost
    Report formats
    Reporting frequency
    Distribution & confidentiality
  2. Practical applications
    Establishing budget
    Treatment of variable cots
    Variations
    Fluctuations
    Loss & expense
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Conflicts of interest
professional standard

A

1 - Conflicts of interest and confidentiality
C of I
Confidential information
Firms, systems and controls
Definitions
Scope & application
Effective dates

2 - general commentary notes

3 - Supporting commentary notes

Record keeping
Party conflicts
firms
Informed consent
When informed consent is not enough
Information barriers
Own interest conflict
Confidential information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Professional standards

A

Conflicts of interest

Client money handling

Countering bribery, corruption, money laundering and terrorist financing

Surveying safely

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Stakeholder engagement

Guidance note

A

Stakeholder terminology

Key principles
1Communicate
2 Consult early & often
3 remember they’re only human
4 plan it
5 relationships are key
6 simple but not easy
7 just part of managing risk
8 compromise
9 understand what success is
10 take responsibility

Developing SH management capabilities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Countering bribery, corruption, money laundering and terrorist financing

Professional standard

A

Part 1: Requirements
Overview
Application
Briber & corruption
Money laundering & terrorist financing

Part 2: guidance
Bribery & corruption
Money laundering & terrorist financing

Part 3: Supplementary guidance
Briber & corruption risks
Reliance
Risk based approach
Code of behaviour
Politically exposed persons
Whistleblowing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Client money handling

Professional standard

A

Objectives
RICS client money protection scheme rules
Requirements / for members / for firms
Holding client money
Information to clients
Receipts of client money
Payments to client accounts
Accounting records and controls

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Tendering strategies

Guidance note

A

The difference between tendering and procurement

The main types of tendering procedures

Early contractor involvement (ECI)

Choosing the most suitable tender strategy

Setting up the tender

Assessing a suitable tender period

Producing/compiling the tender documents

Considering how project-specific factors/
abnormals influence a tender

Issuing the tenders

During the tender process

Receiving tenders

Post-tender interviews

Checklist of further items to review

Post tender

Tender report and notifying tenderers

Tender-scoring techniques

Advice on tendering strategies (timing of
tender action)

Managing and reporting: tender and
negotiation processes and outcomes

Further advice on tender reports

Addressing project abnormals

Design-checking periods between tender
returns and signing the contract

The route from tender to contract

Serial tendering

Frameworks/approved-supplier lists

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Surveying safely

Professional statement

A

1 Personal responsibilities for RICS members and corporate responsibilities for RICS regulated firms

2 Relevance to RICS professional groups

3 Assessing hazards and risks

4 RICS members places of work

5 occupational hygiene and health

6 Visiting premises or sites

7 fire safety

8 residential property surveying

9 General procurement and management of contractors

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Cash flow forecasting

guidance note

A

Uses of cash flow forecasts
Cash flow forecasting and business failure
Standard contracts, methods of valuation and cash flow forecasting
The Construction Acts 1996 and 2009
S-curve

Contractor vs. employer’s approach to cash flow forecasting
Identifying the employer’s brief for the cash flow forecast
Programme
Construction & project value
Retention
Payment period
SC & PP
Variances in cashflow
Action to take when variance occurs
Risk factors inherent in construction cash flow forecasting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Conflict avoidance and dispute
resolution in construction

guidance note

A

Conflict avoidance processes
The three pillars of dispute resolution
Dispute resolution techniques
Alternative dispute resolution (’ADR’)
Standard form contracts
Conflict avoidance
Dispute resolution procedures
Dispute escalation clauses
Interim valuations and claim

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What I learnt reading the surveying safely guidance note

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What I learnt reading the RICS cash flow forecasting guidance note

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What I learnt reading the RICS Tendering strategies guidance note

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What I learnt reading the RICS conflict avoidance dispute resolution guidance note

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What I learnt reading the RICS cost reporting guidance note,

A

I learnt of the two types of cash flow reporting - both for a firm on an annual basis and secondly at a project level on a monthly basis

why we have cost reporting - to inform the client in
a construction project of the likely outturn cost of the
construction project.

and frequency of cost reporting which the guidance note suggests is monthly

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What I learnt reading the RICS stakeholder engagement guidance note

A

What a stakeholder is

The key principles to SH management

Principle 1: Communicate
Principle 2: Consult early and often
Principle 3: Remember they’re only human
Principle 4: Plan
Principle 5: Relationships are key
Principle 6: Simple, but not easy
Principle 7: Just part of managing risk
Principle 8: Compromise
Principle 9: Understand what success is
Principle 10: Take responsibility

17
Q

An example of how I have complied with Rule 1

A

Highlighted on AEMP when additional tender activities were required that they were not included in the TSP scope or fees and would be of additional cost. Confirmed the cost and made my client aware prior to undertaking the work.

18
Q

An example of how I have complied with Rule 2

A

Maintain my CPD

Only undertake work within the TSP scope that is within my competence & skill set

19
Q

An example of how I have complied with Rule 3

A

Highlighted when the AUK fire team was not providing a good quality service in a timely manner and identified what we could do to better the service to the client internally.
Also communicated with the client that as the PM I was not content in issuing the current version to the client as I was not content with it.

Highlighted on AEMP when additional tender activities were required that they were not included in the TSP scope or fees and would be of additional cost. Confirmed the cost and made my client aware prior to undertaking the work.

20
Q

An example of how I have complied with Rule 4

A

Respect - highlighted poor client behaviours, or in maintaining and encouraging inclusive behaviours

work co-operatively with everyone, do not discriminate and where possible accommodate individuals requirements, i.e avoiding meetings around school pick up time

21
Q

An example of how I have complied with Rule 5

A

Supported a colleague and provided my own account of events to support the claim when they reported concerns

When posting on social media or liaising with the AUK marketing team to post something via the AUK LinkedIn I ensure it is inline with the AUK social media guidance, the RICS guidance and that I have the consent from all parties including clients

KR RICS APC - Project Management pathway revision flashcards (22 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions