CEM 100 EXAM QUESTIONS AND
ANSWERS ALL CORRECT
The definition of a ___ asset is an asset that is expected to be sold, consumed, or
realized in cash during the NORMAL OPERATING CYCLE of the construction business
which, if not otherwise defined, is construed to be a 12 month cycle. - Answer-current
During the course of a PROJECT, a PM can hold a variety of differing types of
meetings. A meeting where a review of progress against schedule, identification of
PAIN POINTS & dependencies, & publicly calling team leaders to task most typically
takes place would be in a ___. - Answer-project planning meeting
An ADR Method whereby 1 panel member is selected by the contractor subject to
approval by the owner & the owner selects a 2nd panel member subject to approval by
the contractor w/ these 2 BOARD MEMBERS then choose a 3rd member for their panel
is the ___. - Answer-review board method
A combination of the probability of a defined threat/opportunity (likelihood) & the
magnitude of the CONSEQUENCES of the occurrence (IMPACT) defines a __. -
Answer-risk index
DRAWINGS prepared by the construction contractor throughout the entire course of
construction of the project, whose purpose is to depict the ACTUAL manner, location, &
dimensions of all work as actually performed on project are known as ___. - Answer-as-
built drawings
Architect-engineers in order to minimize their liability regarding shop drawings, many A-
E's NO LONGER USE THE WORD ____ when indicating that the shop drawings have
been reviewed & found satisfactory. - Answer-approved
Concerning ARBITRATION as a method for settling construction contract disputes,
rules for conducting construction ARBITRATIONS have been commonly promulgated
by the ___. - Answer-American Arbitration Association (AAA)
Concerning a WBS, a WBS allows HIERARCHICAL build up of costs & schedule
therefore cost & schedule can be reported ____ of the WBS. - Answer-@ any level
, Concerning alternative dispute resolution (ADR) methods, the ADR method that is
typically 1st used on a construction dispute (1ST STEP between owner & contractor) is
the ____. - Answer-mediation method
Concerning materials management, a series of follow-up actions referred to as ___ are
taken after each materials order is placed, to keep the supplier constantly reminded of
the importance of timely DELIVERY. - Answer-expediting
The Lowest Level of the WBS is the ___. The ____ contains a LISTS OF TASKS
PERFORMED that form the basis for the schedule. - Answer-work package (WP)
The __________ is responsible for the DAY-TO-DAY direction of PROJECT operations
on the construction site along with duties such as SUPERVISING and directing the
trades, coordinating subcontractors, working closely with the owner's or architect-
engineer's field representative, and checking daily production. - Answer-project
superintendent
alTERNATIVE dispute resolution (ADR) methods include all of the following except
__________. - Answer-court trials
First espoused by Edwards Deming and later by his proteges Juran, Crosby, and others
__________ can be summarized as a management approach to long-term success
through CUSTOMER SATISFACTION. In a __________ effort, all members of an
organization commit to and participate in, improving processes, PRODUCTS &
SERVICES, and the culture in which they work. - Answer-total quality management
Concerning a construction contract dispute where there is a CONFLICT BETWEEN
DRAWING & SPECIFICATION & interpretations hierarchy is not spelled out anywhere
else in the contract documents, from construction industry past practice, the governing
doc. would be the ___. - Answer-specifications
___ are used as a penalty for LATE COMPLETION & is used in LIEU of a determination
of actual DAMAGES suffered by the owner. - Answer-liquidated damages
In order to have a VALID CONTRACT, IT MUST HAVE ALL of the following essential
elements except ___.
-THESE ARE ALL - Answer-- offer & acceptance of the offer (effectively agreement)
- the contract must not be contrary to the public policy
- a price paid (not necessarily money)
- there must be genuineness, proper understanding & consent of what is involved by the
parties to the terms of the contract
In construction contracts, the typical WARRANTY PERIOD is ___. - Answer-1 year
In the enforcement of construction contracts, ___ or more technically referred to as the
equitable remedy of ___ is in SPECIAL circumstances where by the court may order the
ANSWERS ALL CORRECT
The definition of a ___ asset is an asset that is expected to be sold, consumed, or
realized in cash during the NORMAL OPERATING CYCLE of the construction business
which, if not otherwise defined, is construed to be a 12 month cycle. - Answer-current
During the course of a PROJECT, a PM can hold a variety of differing types of
meetings. A meeting where a review of progress against schedule, identification of
PAIN POINTS & dependencies, & publicly calling team leaders to task most typically
takes place would be in a ___. - Answer-project planning meeting
An ADR Method whereby 1 panel member is selected by the contractor subject to
approval by the owner & the owner selects a 2nd panel member subject to approval by
the contractor w/ these 2 BOARD MEMBERS then choose a 3rd member for their panel
is the ___. - Answer-review board method
A combination of the probability of a defined threat/opportunity (likelihood) & the
magnitude of the CONSEQUENCES of the occurrence (IMPACT) defines a __. -
Answer-risk index
DRAWINGS prepared by the construction contractor throughout the entire course of
construction of the project, whose purpose is to depict the ACTUAL manner, location, &
dimensions of all work as actually performed on project are known as ___. - Answer-as-
built drawings
Architect-engineers in order to minimize their liability regarding shop drawings, many A-
E's NO LONGER USE THE WORD ____ when indicating that the shop drawings have
been reviewed & found satisfactory. - Answer-approved
Concerning ARBITRATION as a method for settling construction contract disputes,
rules for conducting construction ARBITRATIONS have been commonly promulgated
by the ___. - Answer-American Arbitration Association (AAA)
Concerning a WBS, a WBS allows HIERARCHICAL build up of costs & schedule
therefore cost & schedule can be reported ____ of the WBS. - Answer-@ any level
, Concerning alternative dispute resolution (ADR) methods, the ADR method that is
typically 1st used on a construction dispute (1ST STEP between owner & contractor) is
the ____. - Answer-mediation method
Concerning materials management, a series of follow-up actions referred to as ___ are
taken after each materials order is placed, to keep the supplier constantly reminded of
the importance of timely DELIVERY. - Answer-expediting
The Lowest Level of the WBS is the ___. The ____ contains a LISTS OF TASKS
PERFORMED that form the basis for the schedule. - Answer-work package (WP)
The __________ is responsible for the DAY-TO-DAY direction of PROJECT operations
on the construction site along with duties such as SUPERVISING and directing the
trades, coordinating subcontractors, working closely with the owner's or architect-
engineer's field representative, and checking daily production. - Answer-project
superintendent
alTERNATIVE dispute resolution (ADR) methods include all of the following except
__________. - Answer-court trials
First espoused by Edwards Deming and later by his proteges Juran, Crosby, and others
__________ can be summarized as a management approach to long-term success
through CUSTOMER SATISFACTION. In a __________ effort, all members of an
organization commit to and participate in, improving processes, PRODUCTS &
SERVICES, and the culture in which they work. - Answer-total quality management
Concerning a construction contract dispute where there is a CONFLICT BETWEEN
DRAWING & SPECIFICATION & interpretations hierarchy is not spelled out anywhere
else in the contract documents, from construction industry past practice, the governing
doc. would be the ___. - Answer-specifications
___ are used as a penalty for LATE COMPLETION & is used in LIEU of a determination
of actual DAMAGES suffered by the owner. - Answer-liquidated damages
In order to have a VALID CONTRACT, IT MUST HAVE ALL of the following essential
elements except ___.
-THESE ARE ALL - Answer-- offer & acceptance of the offer (effectively agreement)
- the contract must not be contrary to the public policy
- a price paid (not necessarily money)
- there must be genuineness, proper understanding & consent of what is involved by the
parties to the terms of the contract
In construction contracts, the typical WARRANTY PERIOD is ___. - Answer-1 year
In the enforcement of construction contracts, ___ or more technically referred to as the
equitable remedy of ___ is in SPECIAL circumstances where by the court may order the
