Lecture 2 - Systematic Project Management Flashcards
a business is ___________ and ____________
stable, ongoing
business management focuses on managing ___________ ____________ to support a sustainable company
internal entities
________ ________ including company’s personal, finances, property, and other resources
internal activities
a project is ___________ and achieves _________
dynamic, completion
project management focuses on coordinating and regulating ___ ________ required to move the project toward a ___________ completion
all elements, successful
_____ internal affairs of a single company but coordinating of ________ __________ authorized by ____________ terms
less, different organizations, contractual
A construction project manager takes _______ _________ for a construction project or a __________ segment of a very _____ project
ultimate responsibility, significant, large
for complex jobs, the designer will assign a _____ project manager for the design portion of the work
design
if a subcontractor has a ______ project, they will assign their _____ project manager
large, own
a project manager will often manage __________ _____ if the company has a __________ of _________ jobs
multiple jobs, number, smaller
A project manager does:
- ________, plans, _________, controls field work
- to meet project _________ and _______ promises
-____________ with both individuals and organizations
-shares __________ with field superintendent
-directs staff
-make _______ and _______ actions on behalf of his upper management
organizes, schedules, time, cost, coordinate, authority, decisions, directs
Definition of construction project management:
provide professional _____________ services to the owner of a construction project with the ________ of achieving ________ _________ at ________ ______
management, objective, high quality, minimum cost
What are the construction Management procedures
evaluate, organize, plan, monitor, control, learn
Construction Management Procedures balances:
-scope work
-________
-______
- natural/political/social environment
-________
-risk
-communication
-human resources
-accounting/procurement
-________
schedule, cost, quality, safety
What are the management levels of construction
organizational, project, activity, operation, process, task
Organizational (Companies, corporations)
________ and ___________ structure of a firm, functional areas of management, _________between head and field offices
legal, business, interaction
Project (at the job site)
terms related to the _____________ of the project for the purpose of integrating quality, safety, time, and cost control
breakdown
activity
____________of specific _______ _________ equated to time and cost control
current cost, time, resource use, and status control
attainment, project segments
operation
focus on ____________ _________ and technology
means of ___________ construction, detailed ________ listings and synthesis of work processes
construction methods, achieving, resource
Process:
basic technological ___________ and logical task collections
recognizable __________ of construction, individual and mixed trade actions and ___________ of work tasks
sequences, portions, collections
task (individual work tasks)
fundamental _______ ______ focus, intrinsic knowledge and skills at the _____ level, and labor work ____________
work unit, crew, assignments
Work Breakdown Structure (WBS)
a _________ organization of the work elements in a project
collectively _______ the overall product and may involve hardware, software, services and ______________
hierarchical, describe, documentation
Reasons for developing WBS
the total program can be described as a _________ of subdivided elements
__________ can be performed
______ and ________ can be established
___________ can be linked to company resources in a logical manner
schedules and _______-__________ procedures can be established
network construction and ________ planning can be initiated
summation, planning, costs, budgets, objectives, status-reporting, control
Planning and Scheduling
studies of the plan (conceptual schedule) are made to determine:
how to meet project _________ _______
resource ____________ for individual activities and overall project
________________ to resolve unbalanced or conflicting _________
ultimately a calendar-date _______ of each __________
completion date, requirements, adjustments, demands, schedule of each activity
what are different ways that planning and scheduling is documented
Gantt charts
calendar task
precedence charts
arrow charts
Project Cost Estimation:
based on a detailed quantity “_____ __” applied to labor, construction, equipment, and materials
the process of obtaining actual ___________ _____ and ______ _______ form ongoing projects
take off, production rates, unit costs
For project cost estimation, especially labor and equipment costs, capture:
-labor and equipment _______ hours
- hourly ___________ _____ for labor and equipment
- _______ of work _____________ in a specified time
- augmented by subcontract amounts and taxes, overhead, ______ _______
work hours, hourly expense rates, quantity of work accomplished, surety bonds
What are the project cost controls
prepare forecast, comparator period, compare forecast/actual, analyze and report, action and implement
Project financial management not only controls _____ but also manages ______ _______
cost, cash flow
Cash flow represents the ___________ of cash into the project and the ________ of invested cash from the project owner through ___________ ___________
investment, recovery, progress payments
cash flow is the _____ ________ of the project, hence the company
life blood
Computerized vs. Manual Methods
once field construction ________, large volumes of data must be ________ and ___________ to information leading to action
- data _______ (some automatic, some manual)
- data ___________ (standardized, but some “special” requests”)
- ____________ summarized (tables and graphs)
- ________ and propose/test/implement actions (if necessary)
begins, captured, converted, capture, manipulation, information, interpret
