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CMIT CAPSTONE COURSE
QUESTIONS AND ANSWER S
ALREADY GRADED A+
Question : CMAA
CORRECT ANSWER : Construction Management
Association of America
Question : Construction Management
CORRECT ANSWER : A professional management
practice applied to construction projects from project inception to completion for the purpose of controlling time, cost, scope, and quality.
Question : Good management techniques and best
practices (applicable in the design and construction
industry) Understand and rely on:
CORRECT ANSWER : > new technologies > fair
business practices > comprehensive budgets > accurate schedule forecasts > sound dispute resolution practices > rigorous safety programs, etc.
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Question : Sound CM experience and expertise
CORRECT ANSWER : > What's gained in one segment
of the industry has value in other sectors as well.
Question : Public Owners
CORRECT ANSWER : > Involved in project
development for federal, state, or municipal projects.
Question : Semi-Public Institutions (i.e.: utilities, regional airport authorities, educational and research institutions) conduct themselves as public sector owners.CORRECT ANSWER : Semi-Public Institutions (i.e.: utilities, regional airport authorities, educational and research institutions) conduct themselves as public sector owners.
Question : FAR
CORRECT ANSWER : Federal Acquisition Regulations
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Question : Federal Acquisition Regulations Define and
differentiate public and private sector contracting.Applicable to most executive agencies in federal government. Greatly influence most other US public/semi-public owners for acquisition process and execution of public sector projects.
CORRECT ANSWER : Federal Acquisition Regulations
Define and differentiate public and private sector contracting. Applicable to most executive agencies in federal government. Greatly influence most other US public/semi-public owners for acquisition process and execution of public sector projects.
Question : Public/Semi-Public Projects
CORRECT ANSWER : > Funded through taxes or other
public revenue (e.g.: municipal bonds). > Account for
nearly 80% of all dollars spent for projects developed in the US. > Have immense diversity, scope, and size.
Question : Principal Differentiatiors of Public Owners (3)
CORRECT ANSWER : 1. Open procurement process for
selection of project teams. 2. Their advantage in contract
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language. 3. Inclusion of socio-economic objectives in contract.
Question : Open Procurement Process
CORRECT ANSWER : > For procurement of consultant
services (architects, CMs, construction contractors, design-builders, etc.). > Open and competitive process. > Generally advertised publicly. > Proposals evaluated against pre-established, published criteria. > Selection based on price or best value. .> Considerations include both technical and price components.