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Essentials of Construction Management

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Budgeting

a)

Cost estimation, financial planning

b)

Expense tracking and reporting

c)

Revenue generation and analysis

d)

Investment portfolio management

2.

Contract Types

a)

Fixed-price, cost-plus, time & materials

b)

Hourly rate contracts

c)

Performance-based contracts

d)

Retainer agreements

3.

Project Lifecycle

a)

Initiation, Planning, Execution, Closure

b)

Design, Development, Testing, Deployment

c)

Analysis, Implementation, Review, Maintenance

d)

Concept, Execution, Evaluation, Termination

4.

Resource Allocation

a)

Efficient use of materials, labor

b)

Maximizing profits at any cost

c)

Minimizing costs without regard to quality

d)

Overutilization of resources

5.

Stakeholder Analysis

a)

Identify, prioritize stakeholders

b)

Assess financial risks

c)

Develop marketing strategies

d)

Create project timelines

6.

Risk Management

a)

Identify, assess, mitigate risks

b)

Ignore potential threats

c)

Increase project costs

d)

Delay project timelines

7.

Gantt Chart

a)

Visual project schedule

b)

A type of financial report

c)

A method for team building

d)

A software development model

8.

Quality Control

a)

Standards, inspections, testing

b)

Quality assurance and management

c)

Product design and development

d)

Customer feedback and reviews

9.

Critical Path Method

a)

Shortest path, longest project duration

b)

Longest path, shortest project duration

c)

Random path, average project duration

d)

Variable path, fixed project duration

10.

Sustainability

a)

Eco-friendly practices, materials

b)

Unsustainable consumption patterns

c)

Excessive waste generation

d)

Pollution and environmental degradation