Cmp 423 exam 1 - Study guides, Class notes & Summaries

PROJECT correct answers can be considered to be any series of activities and tasks that: have a specific objective to be completed with certain specifications, have defined start and finish dates, have financial limitations and consume resources. PROJECT MANAGEMENT correct answers the planning, organizing, staffing, coordinating, directing, and controlling of company resources for a project (SUCCESSFUL when Time and Cost are brought in as well as Participant Satisfaction, Quality, Safety and ...

Monetary size of construction industry correct answers 6-8% of GDP and 0.75-1 Trillion/year Number of people employed in construction correct answers 6.3 million people 6% private sector 5% total non farm jobs Number of construction firms correct answers 700 000 Firms 65% have less than 5 employees 90% have fewer than 20 employees 1% of firms have 100 or more employees Murphys law correct answers Every time you do something, something bad will happen 80-20 rule correct answers 8...

PROJECT - Answer- can be considered to be any series of activities and tasks that: have a specific objective to be completed with certain specifications, have defined start and finish dates, have financial limitations and consume resources. PROJECT MANAGEMENT - Answer- the planning, organizing, staffing, coordinating, directing, and controlling of company resources for a project (SUCCESSFUL when Time and Cost are brought in as well as Participant Satisfaction, Quality, Safety and Least Contra...

Monetary size of construction industry - Answer- 6-8% of GDP and 0.75-1 Trillion/year Number of people employed in construction - Answer- 6.3 million people 6% private sector 5% total non farm jobs Number of construction firms - Answer- 700 000 Firms 65% have less than 5 employees 90% have fewer than 20 employees 1% of firms have 100 or more employees Murphys law - Answer- Every time you do something, something bad will happen 80-20 rule - Answer- 80% of construction work is don...

CMP 423 Exam 1 With Questions And Answers 2023