Brainscape's Knowledge GenomeTM

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


See full index

Optional Competencies > Project Finance L1 > Flashcards

Project Finance L1 Flashcards

Project Finance L1

1
Q

How do you ensure effective cost control of construction projects during the construction phase?

A

A

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

What are the differences between cost reporting & cost management?

A

A

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

What are the advantages the employer gets through cost reporting at the end of a project?

A

A

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

Are cost monitoring and cost control the same thing?

A

A

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

What is being controlled in cost control?

A

A

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

What items should be included in the cost report of a single stage traditional procurement route project?

A

A

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

How will you establish a change control strategy in a project?

A

A

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

What are the sources of information in preparing a CVR?

A

A

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

How is the cash flow for a client calculated?

A

A

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

How is the pre-tender cash flow forecast for the contractor prepared?

A

A

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

How would you establish a cost reporting protocol?

A

A

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

Explain your understanding of cash flow forecasting and monitoring?

A

A

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

How would you implement change control procedures within a contract?

A

A

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

How would you establish reporting regimes / protocol?

A

A

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

How would you use risk management and analysis techniques while preparing a budget?

A

A

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

How would you control cost effectively during the construction phase of the project?

A

A

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What is meant by design risk?

A

A

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What are the principles of contingencies and risk allowances?

A

A

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

How would you use cash flow in financial management?

A

A

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What are the change control procedures in a contract?

A

A

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What are the key principles of controlling and reporting costs on any construction project?

A

A

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

What legal and contractual constraints are you aware of?

A

A

23
Q

How do time and quality affect the cost of a project?

A

A

24
Q

What building legislation affects cost control?

A

A

25
Q

How can design risk be allocated?

A

A

26
Q

Tell me about your understanding of reporting and forecasting of costs during the construction phase.

A

A

27
Q

What are the principles of risk allowances?

A

A

28
Q

What is the importance of project financial controls during a construction project?

A

A

29
Q

Give two techniques that can be used in project control.

A

A

30
Q

What is your understanding of earned value management?

A

A

31
Q

What is your understanding of cost value reconciliation?

A

A

32
Q

Explain the concept of forecast cost to complete.

A

A

33
Q

What is your understanding of outturn cost?

A

A

34
Q

Explain the importance of cost estimate in project financial reporting.

A

A

35
Q

What is your understanding of contingencies?

A

A

36
Q

What is your understanding of risk allowance?

A

A

37
Q

What is the purpose of cost value reconciliation to a company?

A

A

38
Q

How often CVR is usually carried out?

A

A

39
Q

What is your understanding value during the CVR process?

A

A

40
Q

What is your understanding of the accrual principle during financial reporting?

A

A

41
Q

Explain whether cost and value should be taken at the same time. If yes why is this? If no why is this?

A

A

42
Q

What do you understand by subcontract liability?

A

A

43
Q

What are contra charges?

A

A

44
Q

What is your understanding of the term ‘value’ during financial reporting?

A

A

45
Q

What is your understanding of the term earned value?

A

A

46
Q

What is your understanding of the term certified value?

A

A

47
Q

What do you understand by an over-measure during financial reporting?

A

A

48
Q

What do you understand by under-measure during financial reporting?

A

A

49
Q

What is your understanding of a cash flow forecast?

A

A

50
Q

What are the key components that are needed to develop a cash flow forecast for a construction project?

A

A

51
Q

What RICS guidance relates to change control and management?

A

A

52
Q

When was it last updated and what changes were made?

A

A

53
Q

What are the key principles of this Professional Standard?

A

A

Optional Competencies (25 decks)

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