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MT208 Exam: Resource Control and Cost Awareness

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

A summary form allows management to view at a glance each activity in the project except_____.

a)

crew production rate

b)

equipment production rate

c)

actual cost of resources

d)

estimate of material defects

2.

A typical crew member’s workday includes all of following activities except_____.

a)

announcing random maintenance checks

b)

waiting for tools, equipment, and materials

c)

working at trades other than their own

d)

planning, discussing, and laying out

3.

Some managers incorrectly measure their crew members’ _____ based on how fast they work.

a)

constructiveness

b)

responsiveness

c)

productivity

d)

competitiveness

4.

Actual costs are accurately tracked and recorded through_____.

a)

estimates of projected expenses

b)

time cards and supplier invoices

c)

direct and indirect controls

d)

weekly summary reports

5.

The practice of _____ is harmful to the construction project because it hides potential weak points in the estimating process.

a)

spreading

b)

sourcing

c)

projecting

d)

reporting

6.

The five-minute rating serves many purposes as a method of production analysis except_____.

a)

measuring the effectiveness of the crew

b)

conveying the number and extent of job delays

c)

determining the output of specific equipment

d)

showing how detail planning yields lower costs

7.

Multiple changes in design may influence the _____ on a typical construction job.

a)

amount of insurance premiums

b)

number of safety infractions

c)

rate of absenteeism

d)

rate of productivity

8.

Labor costs can be controlled by doing all of the following except_____.

a)

effectively supervising all crew members

b)

increasing the rate of equipment production

c)

providing resources to gain efficiency

d)

proper task scheduling and careful planning

9.

_____ are vital to a company’s bottom line because companies would incur losses, lose contracts, and dismiss employees without this mechanism in place.

a)

Control standards

b)

OSHA regulations

c)

Labor legislation

d)

Coding procedures

10.

One tool used to uncover problems caused by unavailable resources, changes/rework design errors, broken equipment, or overcrowded work areas is a _____.

a)

production analysis

b)

network diagram

c)

delay survey

d)

bar chart

11.

Even though smaller companies may not have a formal quality control program in place, a supervisor is still mainly responsible for _____.

a)

researching standards

b)

building a quality job

c)

proving controls exist

d)

posting safety signs

12.

All of the following can help the supervisor use the estimated cost to control costs and resources on the job except_____.

a)

supplying information for standard project costs

b)

providing labor and equipment production rates

c)

determining how the budget will track costs

d)

evaluating the efficiency of construction operations

13.

The cost summary report allows management to see the status of all the project activities and gives enough information to _____.

a)

schedule equipment maintenance

b)

perform a production analysis

c)

develop a cost coding system

d)

estimate the level of quality control

14.

A company should promote the importance of quality on the job site by including all of the following control activities except_____.

a)

supporting supervisors who initiate their own standards

b)

ensuring the work is performed according to the contract

c)

developing a series of checklists for each activity

d)

determining the manner in which the work is performed

15.

A material installation report is used to _____.

a)

report how much material is installed

b)

figure out how much material is wasted

c)

find the cost of the material installed

d)

designate how much material should be installed

16.

Steps that can be taken to correct deviations from the estimate include all of the following except_____.

a)

changing the work method

b)

recalculating total unit cost

c)

changing crew makeup

d)

improving crew productivity

17.

An estimator who assigns a number/letter to work items during the preparation of the estimate is using a _____.

a)

project estimate

b)

cost coding system

c)

field reporting form

d)

summary sheet

18.

All of the following statements are true about daily time reports except_____.

a)

the report must be completed accurately by the supervisor

b)

the report is sent to the company office for payroll purposes

c)

the report must be used only to record regular, not overtime

d)

the report is used by the project manager to determine labor costs

19.

Maintaining administrative personnel, securing bonds, and incurring insurance premiums are all examples of _____ costs.

a)

estimated

b)

projected

c)

direct

d)

indirect

20.

Research shows that 12 percent of the total in-place cost of the average project is due to the _____.

a)

need to perform rework

b)

failure to secure loans

c)

lack of quality vendors

d)

improper unit measuring

21.

To control resources on a project, a supervisor must have knowledge of each of the following except_____.

a)

equipment expenses

b)

labor costs

c)

insurance rates

d)

material prices

22.

Companies use the Construction Specifications Institute Uniform Index or a similar index to _____.

a)

customize a coding system to fit an individual company’s need

b)

set basic coding standards that any company can use

c)

streamline the reporting of equipment utilization

d)

simplify building design and construction data

23.

Activity sampling is the practice of observing and classifying _____.

a)

a small percentage of a total activity

b)

resource control measures on site

c)

discrepancies in overtime labor hours

d)

the number of daily units produced

24.

_____ are critical for determining the financial status of any project.

a)

Accounting personnel

b)

Architectural estimates

c)

Daily job diaries

d)

Projected costs

25.

Improving productivity is generally a matter of discovering processes that use labor, material, and equipment _____.

a)

as inexpensively as possible

b)

as efficiently as possible

c)

with decreased supervision

d)

without increasing skills sets