Construction Project Management Flashcards
7 cards from real Florida General Contractor practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Construction Project Management flashcards as text
A guaranteed maximum price (GMP) contract protects the owner by:
Answer: Capping the total cost the owner will pay, with savings often shared
A GMP sets a ceiling on costs the owner pays, with the contractor absorbing overruns above it.
The most effective time to influence project cost with the least expense is during the:
Answer: Planning and design phase
Early planning and design decisions have the greatest impact on cost at the lowest change expense.
A crash schedule technique in project management involves:
Answer: Adding resources to critical activities to shorten duration, usually at added cost
Crashing shortens the critical path by adding resources, typically increasing cost.
A request for information (RFI) is typically used by a contractor to:
Answer: Obtain clarification on drawings or specifications from the design team
An RFI seeks clarification of ambiguous or conflicting design documents.
Value engineering on a construction project aims to:
Answer: Achieve required functions at the lowest lifecycle cost without sacrificing quality
Value engineering optimizes function versus cost to deliver required performance economically.
A Gantt chart is most useful for:
Answer: Displaying activity durations and their timing along a calendar bar chart
A Gantt chart shows activities as horizontal bars against a timeline for easy scheduling visualization.
In earned value management, a Schedule Performance Index (SPI) greater than 1.0 means:
Answer: More work has been completed than planned, indicating ahead of schedule
An SPI above 1.0 shows earned value exceeds planned value, meaning the project is ahead of schedule.