Project Management Flashcards

In a construction project, what does the 'critical path' represent?

Answer: The longest sequence of dependent activities that determines the minimum project duration

The critical path is the longest sequence of dependent tasks in a project schedule. Any delay to activities on the critical path will directly delay the overall project completion date.

What is the purpose of a 'Gantt chart' in project management?

Answer: To visually display the project schedule, showing task durations, dependencies, and progress over time

A Gantt chart is a bar chart that illustrates the project schedule, showing each task's start and finish dates, duration, dependencies between tasks, and current progress.

Under the NEC4 suite of contracts, what does 'Early Warning' require?

Answer: The contractor or project manager to notify the other party of any matter that could affect cost, time, or quality

NEC4's Early Warning mechanism requires either party to notify the other of any matter that could increase costs, delay completion, or impair performance, promoting collaborative problem-solving.

What is a 'risk register' in project management?

Answer: A structured document recording identified risks, their likelihood, impact, and mitigation strategies

A risk register is a management tool that systematically records identified risks, assesses their probability and potential impact, and details the planned mitigation measures and risk owners.

What does 'value engineering' aim to achieve in a construction project?

Answer: Achieving the required function at the lowest total cost without compromising quality or performance

Value engineering is a systematic process to improve value by examining function and reducing costs without sacrificing quality, performance, or reliability.

What is the difference between 'practical completion' and 'final completion' in a building contract?

Answer: Practical completion allows handover with minor defects outstanding; final completion occurs after the defects liability period when all defects are remedied

Practical completion marks when the building can be occupied despite minor snagging items. Final completion occurs after the defects liability period (typically 12 months) when all defects have been rectified.