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CM 371 QUIZ 1 QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2026

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CM 371 QUIZ 1 QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2026 Written Documents that define the roles, responsibilities, and "Work" under the construction Contract, and are legally-binding in the parties (Owner and Contractor) are referred to as? - Answers Contract Documents 3 key considerations for the selection of a Project Delivery System. - Answers Project Owner Team selection What is the definition of a Project Life Cycle? - Answers A sequence of phases a project goes through from its initiation process to closing process. What is the definition of a Project Management? - Answers The application of knowledge, skills, and techniques to project activities to meet project requirements. The goal of the management of a construction project is the managing of the "Triple Constraints". The three major constrains are? - Answers Cost Scope Time State what criteria the selection of a Project Delivery System should be based on. - Answers Project requirements, owner requirements, and team requirements List three primary reasons to select the Design-Bid-Build (DBB) method of project delivery. - Answers Retain Control of design, procurement laws are well defined, low first cost Which method of Project Delivery that has a commitment by the construction manager to deliver the project within a Guaranteed Maximum Price (GMP) - Answers Construction Manager at Risk (CMR) According to the Project Management Institute (PMI), there are five project management processes they are? - Answers initiation process, planning process, executing process, monitoring and controlling process, closing process When dealing with the bidding process, Safety record • Reputation • Financial strength • Licensing • Technical experience and referred to as? - Answers common items for qualification A cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract is called? - Answers cost plus fix fee

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Institution
CM 371
Course
CM 371

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CM 371 QUIZ 1 QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2026



Written Documents that define the roles, responsibilities, and "Work" under the construction
Contract, and are legally-binding in the parties (Owner and Contractor) are referred to as? -
Answers Contract Documents

3 key considerations for the selection of a Project Delivery System. - Answers Project

Owner

Team selection

What is the definition of a Project Life Cycle? - Answers A sequence of phases a project goes
through from its initiation process to closing process.

What is the definition of a Project Management? - Answers The application of knowledge, skills,
and techniques to project activities to meet project requirements.

The goal of the management of a construction project is the managing of the "Triple
Constraints". The three major constrains are? - Answers Cost

Scope

Time

State what criteria the selection of a Project Delivery System should be based on. - Answers
Project requirements, owner requirements, and team requirements

List three primary reasons to select the Design-Bid-Build (DBB) method of project delivery. -
Answers Retain Control of design, procurement laws are well defined, low first cost

Which method of Project Delivery that has a commitment by the construction manager to
deliver the project within a Guaranteed Maximum Price (GMP) - Answers Construction Manager
at Risk (CMR)

According to the Project Management Institute (PMI), there are five project management
processes they are? - Answers initiation process, planning process, executing process,
monitoring and controlling process, closing process

When dealing with the bidding process, Safety record • Reputation • Financial strength •
Licensing • Technical experience and referred to as? - Answers common items for qualification

A cost-reimbursement contract that provides for payment to the contractor of a negotiated fee
that is fixed at the inception of the contract is called? - Answers cost plus fix fee

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Course
CM 371

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