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Construction Management Final Exam LSU Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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Construction Management Final Exam LSU Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 26, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • construction management final exam lsu questions w

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  • CM 1011
  • CM 1011
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Construction Management Final Exam LSU
Project Manager - ANS-the member of a construction team who is responsible for the business
end of a project

Estimate Summary - ANS-summation of final project costs prepared by a contractor prior to
submitting a bid

Close-out - ANS-process of completing the terms of a contract

Bar Charts (Gantt Charts) - ANS-simple graphic representation of a schedule that relates the
progress of activities to a timeline

Network Diagrams - ANS-tool for making scheduling decisions and a way of representing a
schedule that shows the flow of activities and the dependencies between them

Contract - ANS-legally binding agreement between parties

Delivery Method - ANS-organization structure for completing a project

LNG - ANS-liquid natural gas

Critical Path - ANS-the unbroken chain of activities that have no extra time built in; if delayed it
will cause entire project to be delayed

Total Float - ANS-amount of time an activity can be delayed without affecting the end date of
completion

Claim - ANS-a demand by one party seeking an adjustment in the terms of a contract

Negotiation - ANS-the process of reaching an agreement through discussion

Mediation - ANS-a dispute resolution technique that brings the parties together with the aid of a
trained mediator (facilitator) to discuss the problem and find a solution to which both parties can
agree

Arbitration - ANS-a dispute resolution technique that uses a trained arbitrator to make a ruling,
which is binding or non-binding, depending on the terms of the contract

Dispute Resolution Board (DRB) - ANS-a board of three industry experts that works with
disputing parties to resolve the dispute

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