Project Budgeting, Tracking, Critical Path Flashcards
The project manager is involved in the initial determination of the scope of work and estimation of fees.
Which of the following is not under the project manager’s responsibility during this phase?
Quality Planning
Monitoring
Time Planning
Fee Projection
Monitoring
Though the project manager is responsible for monitoring which is keeping track of the progress of the job to see if the planned aspects of time, fee and quality are being accomplished, this responsibility falls during the progress of the project rather than the initial phase of planning for time, fees and quality.
What should an interior designer plan for when preparing project schedules?
Client-requested change orders.
A previously planned vacation.
Unanticipated or unavoidable delays.
Implementation of the Critical Path Method by the contractor.
Supply chain disruptions.
Unanticipated or unavoidable delays.
Based on previous project data, it costs about $45/ft to construct a full-height partition.
There are about 350 ft of this type of partition on the project now being budgeted. If the contractor’s overhead and profit are estimated to be 14%, how much should the interior designer budget for this line item?
$17,950
The base price of the partition is $45.00 times 350 feet or $15,750. To that you must add an additional 14%. ($15,750) x (0.14) = $2205 $15,750 + $2205 = $17,955
For preliminary budgeting, amounts are often rounded off to the nearest ten or one hundred dollars. $17,950 is the closest to the figure so this is the correct option.
During what design phase does drawing review take place?
Construction documentation
The designer is responsible for the project design and management of an assisted living facility. Which document MUST they prepare to explain all the tasks required to complete the project?
Work Plan.
During preprogramming and planning, the scope of services is prepared for the design contract, resulting in a document called a work plan.
The project work plan defines all of the tasks or scope of work and includes clarification of deliverables, schedule, resources, and budget needed through the completion of the project.