Construction Management Quiz

What is the first phase in the Project Management Life Cycle?

• Project Initiation

• Project Closure

• Project Planning

• Project Execution

Which method is NOT mentioned for soliciting proposals?

• Direct mail

• Business advertisement

• Open tender

• Invitation to pre-qualified tenderers

What does a tender notice describe?

• The budget of the project

• The contractor's qualifications

• The statement of tasks or work outline

• The project timeline

What is a key factor in site selection during the pre-tendering phase?

• Design specifications

• Feasibility study

• Project budget

• Availability of contractors

What is included in a feasibility study?

• Site visit

• Construction schedule

• Project marketing plan

• Contractor selection

Which of the following is NOT a component of site investigation?

• Geologic environment

• Engineering assessment

• Financial study

• Interfacing impacts

What is the purpose of the time value of money concept?

• To assess investment risks

• To determine project timelines

• To calculate project costs

• To evaluate cash flows over time

What does NPV stand for?

• Net Profit Value

• New Project Value

• Net Present Value

• Net Payment Value

Which method calculates the estimated overall profit or loss on an investment?

• Payback method

• Net Present Value

• Accounting Rate of Return

• Investment appraisal

What is the main disadvantage of the payback method?

• It is too complex

• It does not consider cash flows after the payback period

• It is not widely accepted

• It requires extensive data