ARE 5.0 Project Management with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
Includes project planning, scheduling, monitoring, coordinating and directing, updating
documentation, closing out the job, and following up with clients. ✔Correct Answer-Project
Management
Various stakeholders in a project (such as the architect, owner, contractor and vendors) all
participate in the decision-making process. ✔Correct Answer-Partnering
Method commonly used for scheduling design and construction projects. Tasks are listed in
chronological order on vertical access and time period is listed on horizontal axis. (Aka Gantt
Chart) ✔Correct Answer-Bar Chart
The relationship between a task that must be completed before another can start. ✔Correct
Answer-Dependency
Common scheduling tool that graphically depicts all the tasks needed to complete a project, the
sequence in which tasks must occur, and each task's duration. ✔Correct Answer-Critical Path
Method (CPM)
The maximum length of time a noncritical task can be delayed or extended before it causes a
delay. ✔Correct Answer-Float
A detailed project schedule, breaking the project down into its component tasks and assigning
staff members and other resources to each task. (Aka Fee projection) ✔Correct Answer-Work
Plan
Statement listing the expected income that the project will generate and the expected costs to
build the project. ✔Correct Answer-Pro Forma
Reviewing individual systems and materials to see if the same function can be accomplished in a
less expensive way. ✔Correct Answer-Value Engineering
The money needed to construct the building, including structure, exterior cladding, finishes,
and electrical and mechanical systems, as well as the contractor's overhead and profit.
✔Correct Answer-Building Cost
Cost of parking, drives, fences, landscaping, exterior lighting, and irrigation systems. ✔Correct
Answer-Site Development Costs
, Costs of movable equipment, furnishings, accessories, and window coverings. ✔Correct
Answer-Furniture, Fixtures, and Equipment (FF&E)
Architectural and engineering fees as well as costs for services such as topographic surveys, soil
tests, special consultants, appraisals, and legal consultation. ✔Correct Answer-Professional
Services
Includes the long-term interest paid on permanent financing as well as the immediate costs of
loan origination fees, construction loan interest, and other administrative costs. ✔Correct
Answer-Financing
The cost to pay off the construction loan for a project and is generally considered an ongoing
cost over many years, not part of the original cost of the project. ✔Correct Answer-Debt
Service
An approach for estimating fees where the PM begins by estimating the total fee needed to
complete the project using a combination of rules of thumb and historical data. ✔Correct
Answer-Top-Down Approach
An approach for estimating fees where the PM begins by breaking the project down into
individual tasks and estimating how much time will be needed to complete each one.
✔Correct Answer-Bottom-Up Approach
The fee available to pay people to do the job after subtracting fees for proffit, consultants and
other expenses. ✔Correct Answer-Total Working Fee
Used to monitor employees' time sheets weekly in order to compare the actual hours expended
to the budgeted time and take corrective action if the actual time exceeds the budgeted time.
✔Correct Answer-Project Monitoring Chart
The most important aspect of project management that includes 4 basic kinds known as work
assignments, instructions, reward and punishment and social interaction. ✔Correct Answer-
Communication
An expert who is not part of the firm's regular staff but is employed to work on one or more
specific projects. ✔Correct Answer-Consultant
Designs and produces the drawings and specs for any new structure or structural modifications,
including the building foundation, frame, floors, and load-bearing walls. ✔Correct Answer-
Structural Engineer
Designs and produces the drawings and specs for the heating, ventilating, and air conditioning
(HVAC) systems on a project, as well as any plumbing systems needed. ✔Correct Answer-
Mechanical Engineer
Verified Answers |Latest Version |Already Graded A+
Includes project planning, scheduling, monitoring, coordinating and directing, updating
documentation, closing out the job, and following up with clients. ✔Correct Answer-Project
Management
Various stakeholders in a project (such as the architect, owner, contractor and vendors) all
participate in the decision-making process. ✔Correct Answer-Partnering
Method commonly used for scheduling design and construction projects. Tasks are listed in
chronological order on vertical access and time period is listed on horizontal axis. (Aka Gantt
Chart) ✔Correct Answer-Bar Chart
The relationship between a task that must be completed before another can start. ✔Correct
Answer-Dependency
Common scheduling tool that graphically depicts all the tasks needed to complete a project, the
sequence in which tasks must occur, and each task's duration. ✔Correct Answer-Critical Path
Method (CPM)
The maximum length of time a noncritical task can be delayed or extended before it causes a
delay. ✔Correct Answer-Float
A detailed project schedule, breaking the project down into its component tasks and assigning
staff members and other resources to each task. (Aka Fee projection) ✔Correct Answer-Work
Plan
Statement listing the expected income that the project will generate and the expected costs to
build the project. ✔Correct Answer-Pro Forma
Reviewing individual systems and materials to see if the same function can be accomplished in a
less expensive way. ✔Correct Answer-Value Engineering
The money needed to construct the building, including structure, exterior cladding, finishes,
and electrical and mechanical systems, as well as the contractor's overhead and profit.
✔Correct Answer-Building Cost
Cost of parking, drives, fences, landscaping, exterior lighting, and irrigation systems. ✔Correct
Answer-Site Development Costs
, Costs of movable equipment, furnishings, accessories, and window coverings. ✔Correct
Answer-Furniture, Fixtures, and Equipment (FF&E)
Architectural and engineering fees as well as costs for services such as topographic surveys, soil
tests, special consultants, appraisals, and legal consultation. ✔Correct Answer-Professional
Services
Includes the long-term interest paid on permanent financing as well as the immediate costs of
loan origination fees, construction loan interest, and other administrative costs. ✔Correct
Answer-Financing
The cost to pay off the construction loan for a project and is generally considered an ongoing
cost over many years, not part of the original cost of the project. ✔Correct Answer-Debt
Service
An approach for estimating fees where the PM begins by estimating the total fee needed to
complete the project using a combination of rules of thumb and historical data. ✔Correct
Answer-Top-Down Approach
An approach for estimating fees where the PM begins by breaking the project down into
individual tasks and estimating how much time will be needed to complete each one.
✔Correct Answer-Bottom-Up Approach
The fee available to pay people to do the job after subtracting fees for proffit, consultants and
other expenses. ✔Correct Answer-Total Working Fee
Used to monitor employees' time sheets weekly in order to compare the actual hours expended
to the budgeted time and take corrective action if the actual time exceeds the budgeted time.
✔Correct Answer-Project Monitoring Chart
The most important aspect of project management that includes 4 basic kinds known as work
assignments, instructions, reward and punishment and social interaction. ✔Correct Answer-
Communication
An expert who is not part of the firm's regular staff but is employed to work on one or more
specific projects. ✔Correct Answer-Consultant
Designs and produces the drawings and specs for any new structure or structural modifications,
including the building foundation, frame, floors, and load-bearing walls. ✔Correct Answer-
Structural Engineer
Designs and produces the drawings and specs for the heating, ventilating, and air conditioning
(HVAC) systems on a project, as well as any plumbing systems needed. ✔Correct Answer-
Mechanical Engineer
