QS

Question 1

is broadly concerned with
the estimation, planning and control of the
cost on construction projects.

Answer 1

Quantity Surveying

Question 2

in project
management is the process
of forecasting the cost and
other resources needed to
complete a project within a
defined scope.

Answer 2

Cost estimation

Question 3

is
the estimation of costs, the
settling of an agreed budget,
and the management of
actual and forecast costs
against that budget.

Answer 3

Cost planning and control

Question 4

is a
systematic, organized
approach to providing
necessary functions in a
project at the lowest cost.

Answer 4

Value engineering

Question 5

promotes
the substitution of materials
and methods with less
expensive alternatives
without sacrificing
functionality. It is focused
solely on the functions of
various components and
materials, rather than their
physical attributes.

Answer 5

Value engineering