CMA 490 - Chapter 4 Review

From a project management and scheduling perspective, the challenge of completing a project is maximizing resources without ___.

• compromising any project goals

• the use of multiple subcontractors

• overloading activity schedules

• going overbudget

___ is the set of financial assets needed to complete a construction project.

• Profit

• Escrow

• Supply

• Capital

The planning of a project begins by developing a(n) ___ and identifying the activities that are required to complete the project.

• employee list

• work breakdown structure (WBS)

• financial bid

• critical path (CP)

A(n) ___ schedule is a schedule in which the resources for a project are assigned to activities so that the activities can be closely monitored.

• activity-loaded

• X-day

• resource-loaded

• breakdown

The ___ process involves ensuring that resources have the expertise required by checking bonding information, past projects, and references.

• prequalification

• research

• cataloging

• bidding

A ___ constraint is a limitation in which one activity cannot occur until another activity is completed or, in some cases, near completion.

• time

• technical

• resource

• physical

An example of resolving a technical constraint is dividing the floor and the corresponding walls of a building into quadrants based on ___.

• building level (1st floor, 2nd floor, etc.)

• room type (common room, bathroom, kitchen, etc.)

• compass directions (NE, NW, SE, & SW)

• size (6', 8', 10', etc.)

An example of a(n) ___ constraint is an 8′ × 15′ residential bathroom.

• physical

• resource

• technical

• time

___ in economics refers to how there are finite resources available for the factors of production.

• Allocation

• Availability

• Constriction

• Scarcity

If doubling the effort placed on an activity, from a strictly linear perspective, will cut the duration in half, it is a(n) ___ resource.

• effort-driven

• scarcity-driven

• allocated

• scheduling