Project delivery - Study guides, Class notes & Summaries

AIDA 182 (Latest 2023/ 2024 Update) Risk and Insurance Analysis Techniques Exam | Questions and Verified Answers| 100% Correct| Grade A Q: What is true of diversifiable versus non-diversifiable risk? Answer: Diversifiable risks are not correlated and can be managed through diversification or spread of risk. Q: A company's fleet of cars is worrying the managers liquidity of the company and fuel prices having an adverse effect is which type of risk quadrant? Answer: Financia...

Project variables/constraints - ANSWER Time Cost Quality Risk Benefit Scope Benefits of project management - ANSWER Improved project communication Effective resource management Better delivery of results Facilitates risk-taking Lessons learned Improved governance Challenges of project management - ANSWER Bureaucracy Limits creativity Threatens existing organisation structure Complex interrelationships Project management capability Project management methods - ANSWER Docume...

A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule. B) Both require that the liabilities and risks assumed by the parties be clearly...

WGU MGT2 task3.V2 - Copy - Task 3 using Case study 5 Latest Update MGT2 TASK PROF Jake [Pick the date]   WGU MGT2 task3.V2 - Copy - Task 3 using Case study 5 Latest Update Monitoring and Controlling Task 3 WGU IT Project Management – MGT2 Monitoring and Controlling Project Title Project Manager Customer Name Merrilton Mobile Payment Portal City of Merrilton A. Risk Assessment Risk Description Likelihood (L, M, H) Impact (L, M, H) Re...

DBIA -PROJECT DELIVERY TEST 2025...

PRM3701 Assignment 6 (DETAILED ANSWERS) Semester 2 2023 (671583) - DUE 20 October 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Question 1 (50 Marks) Below is a case study that you will be required to read to answer the questions that follow: Nando’s Case study The redesign of Nando's restaurants and update of its branding was a major project that aimed to revamp the company's image and appeal to a broader audie...

1 differentiate between types of permanent and temporary organisation structures (including functional, matrix, and project) - ANSWER Intro Func: Best for small projs close to BAU ops. Matrix: Best for balancing change initiatives with BAU. Good if more project process is needed. Proj: Best larger, complex projs with multi parties involved. Authority Func: Func Man overall responsibility for proj delivery. Someone from department plasy role of PM. Matrix: PM respons for delivery pro...

The contract approach/payment methodology that is based on specific rates given for completed construction items. - Unit Price The contract approach/payment methodology that gives the contractor little incentive to be efficient as there is no guaranteed price. - Cost Plus Fee What are 3 fundamental decisions an Owner must make when initiating a feasible project? - Delivery system, Type of Procurement and Type of Contract Format. What is the most common project delivery system? - Design Bid...

The contract approach/payment methodology where the DB'er and the Owner collaborate to establish pricing with no profit at the beginning of the job and fees are earned quarterly if performance and pricing are met. - ️️Targeted Price What are some forms of Design Build entities? - ️️1 - Joint Venture 2 - Integrated DB Firm 3- A/E Led 4 - Contractor Led What is the most common project delivery system? - ️️Design Bid Build (Low Bid) In traditional DBB delivery, who does the a...

CMIT CERTIFICATION QUESTIONS AND ANSWERS 2024 1. A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - Answer-Answer: (TRUE) 2. There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? a. Both forms provide advice to the owner on constructability, budget and the schedule. b. Both ...