Which of the following are not guaranteed by success? - ANSWERFutures success
What are common risks for a construction organization? - ANSWERIncrease in project size
Unfamiliarity with geographic area
Moving into new types of work
The fact that in the construction business a company's owner...
CECM 669-QL Advanced
Project Management
Questions & Answers(RATED
A+)
Which of the following are not guaranteed by success? - ANSWERFutures success
What are common risks for a construction organization? - ANSWERIncrease in project size
Unfamiliarity with geographic area
Moving into new types of work
The fact that in the construction business a company's owner(s) and its top manager(s) are usually
one and the same creates what? - ANSWERA unique management problem
The formation of a board of directors or advisers does what? - ANSWERHelps control risk
Makes good sense
Is not a threat to contractors' rights as owners or to their independence?
In every successful construction enterprise, a top-level manager is responsible for each of these
areas or, in many cases, one person is responsible for all of them or two people share the
responsibilities? - ANSWEREstimating and sales (getting the work)
Construction operations (doing the work)
Administration and accounting (managing the business)
Typically the changes in key personnel that contribute to or cause problems take place when? -
ANSWERWhile the business is profitable
, When is true delegation required? - ANSWERWhen some command and control must be given up
What is considered a big job? - ANSWERA project two times larger than previously completed
When is a good time to attempt a project that is double the size of the largest project previously
attempted? - ANSWERDuring a time in which proportionate resources are available to manage the
risk of the project
Uncontrolled or ill-planned borrowing is usually an indication of what? - ANSWERA problem that
increases risks
A contractor's primary area is what? - ANSWERThat area in which the organization has normally
operated
That area they are comfortable with
That area they have been profitable in
Between public and private work there is what? - ANSWERConsiderable differences
Why did the contractor feel the company would be competitive on the luxury condominium project
in the case study? - ANSWERThey were the only local contractor bidding on the project.
In the case study, what was the reason that the big project destroyed the con-tractors company? -
ANSWERThe contractor's estimator made a bid that was too low.
The contractor's management was insufficient.
The owner's representative made extreme demands.
The contractor wasn't able to get additional credit to pay bills.
Flexible overhead would consist of which items - ANSWERTemporary staff & Short-term leased
What is the "normal area" of a contractor? - ANSWERArea of success
What types of issues are seen when leaving the normal area? - ANSWERStrain on the organization
Strain on the employees
Unfamiliar conditions
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