The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
A reason for using a Construction Manager type agreement is:
In organizational structure A, multiple contractors are directly coordinated by the Engineer-Owner. A Construction Manager type agreement is beneficial in such a scenario to better coordinate contractors. The Construction Manager ensures that the activities of the various contractors are synchronized and that conflicts are minimized, leading to a more efficient construction process. Therefore, the correct answer is A. To better coordinate contractors.
After collecting the control information on a light rail project within an original budget of 200.000 work hours, the construction contractor is ready for their monthly progress meeting with the client.
A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor Is 60%.
What is the cost performance index (CPI)?
The Cost Performance Index (CPI) is a key metric in Earned Value Management (EVM) that measures the cost efficiency of the work performed on a project.
Key Points:
CPI Formula:
CPI = BCWP / ACWP
BCWP (Budgeted Cost of Work Performed) = 105,000 work hours
ACWP (Actual Cost of Work Performed) = 110,000 work hours
Calculation:
CPI = 105,000 / 110,000 = 0.95
Interpretation:
A CPI of less than 1 indicates that the project is over budget, as the actual cost incurred is higher than the value of the work performed.
Conclusion: The correct answer is A. BCWP/ACWP = 105,000/110,000 = 0.95 because this calculation accurately reflects the cost efficiency of the project.
The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 3, steel prices will have increased by what percentage over today's price? (round to 1 decimal)
To calculate the total percentage increase in steel prices over three years, we compound the inflation rates for each year:
Year 1: 2.5%
Year 2: 2.5%
Year 3: 3.0%
The formula to calculate the total percentage increase is:
TotalIncrease=(1+RateYear1)(1+RateYear2)(1+RateYear3)1\text{Total Increase} = (1 + \text{Rate Year 1}) \times (1 + \text{Rate Year 2}) \times (1 + \text{Rate Year 3}) - 1TotalIncrease=(1+RateYear1)(1+RateYear2)(1+RateYear3)1 TotalIncrease=(1+0.025)(1+0.025)(1+0.03)1\text{Total Increase} = (1 + 0.025) \times (1 + 0.025) \times (1 + 0.03) - 1TotalIncrease=(1+0.025)(1+0.025)(1+0.03)1 \text{Total Increase} = 1.025 \times 1.025 \times 1.03 - 1 \approx 1.082 - 1 = 0.082 \text{ or 8.2%}
So, the correct answer is B. 8.2%.
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The following is NOT an advantage of the critical path method:
Given Scenario:
Advantages of the Critical Path Method (CPM) are discussed.
The Critical Path Method (CPM) is primarily used to identify critical activities and to calculate the minimum project duration. While CPM can show slippage and help allocate resources, it does not directly determine cost overruns.
Answer : A. The ability to determine cost overruns of critical path activities
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
According to Maslow's hierarchy of needs, giving the employees an award that acknowledges their achievements is most likely to satisfy which level of need?
An award acknowledging employees' achievements is being given.
Maslow's Hierarchy of Needs:
The hierarchy includes five levels: Physiological, Safety, Belongingness, Esteem, and Self-actualization.
Awards and recognition typically fulfill Esteem needs, which include self-respect, achievement, and the respect of others.
Answer : D. Self-actualization
