4/3/25, 5:22 CMIT Capstone Course |
PM
CMIT CAPSTONE COURSE EXAM QUESTIONS
AND ANSWERS WITH COMPLETE SOLUTIONS
VERIFIED GRADED A++
CMAA Construction Management Association of America
A professional management
practice applied to construction projects from project
Construction Management
inception to completion for the
purpose of controlling time, cost, scope, and quality.
Understand and rely on:
> new technologies
Good management
> fair business practices
techniques and best practices
> comprehensive budgets
(applicable in the
> accurate schedule forecasts
design and > sound dispute resolution practices
construction > rigorous safety programs, etc.
industry)
Sound CM experience and > What's gained in one segment of the industry has value in other
expertise sectors as well.
> Involved in project development for federal, state, or
municipal projects.
Public Owners > Semi-Public Institutions (i.e.: utilities, regional airport
authorities, educational and research institutions) conduct
themselves as public sector owners.
.> Public owners exert great influence in project development.
Federal Acquisition Regulations
> Define and differentiate public and private sector
contracting.
FAR
> 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.
> Funded through taxes or other public revenue (e.g.: municipal
bonds).
Public/Semi-Public Projects
> Account for nearly 80% of all dollars spent for projects
developed in the US.
> Have immense diversity, scope, and size.
1. Open procurement process for selection of project teams.
Principal Differentiatiors of
2. Their advantage in contract language.
Public Owners (3)
3. Inclusion of socio-economic objectives in contract.
1/
2
PM
CMIT CAPSTONE COURSE EXAM QUESTIONS
AND ANSWERS WITH COMPLETE SOLUTIONS
VERIFIED GRADED A++
CMAA Construction Management Association of America
A professional management
practice applied to construction projects from project
Construction Management
inception to completion for the
purpose of controlling time, cost, scope, and quality.
Understand and rely on:
> new technologies
Good management
> fair business practices
techniques and best practices
> comprehensive budgets
(applicable in the
> accurate schedule forecasts
design and > sound dispute resolution practices
construction > rigorous safety programs, etc.
industry)
Sound CM experience and > What's gained in one segment of the industry has value in other
expertise sectors as well.
> Involved in project development for federal, state, or
municipal projects.
Public Owners > Semi-Public Institutions (i.e.: utilities, regional airport
authorities, educational and research institutions) conduct
themselves as public sector owners.
.> Public owners exert great influence in project development.
Federal Acquisition Regulations
> Define and differentiate public and private sector
contracting.
FAR
> 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.
> Funded through taxes or other public revenue (e.g.: municipal
bonds).
Public/Semi-Public Projects
> Account for nearly 80% of all dollars spent for projects
developed in the US.
> Have immense diversity, scope, and size.
1. Open procurement process for selection of project teams.
Principal Differentiatiors of
2. Their advantage in contract language.
Public Owners (3)
3. Inclusion of socio-economic objectives in contract.
1/
2
