3/30/25, 9:37 CMGT 360 Exam |
AM
CMGT 360 EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED
Terms in this set (99)
Can a construction project finish Yes, profitability is not a component of project success
successfully without being profitable?
Contractor management personnel on a Needs to be carefully formatted during the planning process to meet project cost
construction project: and responsibilities.
Always includes one Project Manager,
two Superintendent, two area or trade
superintendents, a field engineer, and an
office engineer.
Is the responsibility of the project
financier/owner.
Needs to be carefully formatted during
the planning process to meet project cost
and responsibilities.
Always includes one Project Manager,
one Superintendent, two area or trade
superintendents, a field engineer, and
two office engineers.
A component of cost control is accurately True
reporting actual costs and comparing
them to the estimated costs.
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,3/30/25, 9:37 CMGT 360 Exam |
AM
Select the best answer in regard to Construction project timelines are finite and end dates are usually chosen by the
construction project timelines vs. owner, while other industry projects conclude whenever all scopes are finished.
traditional/manufacturing project
timelines:
Construction project timelines conclude
whenever all scopes are finished,
while other industry projects are finite
and end dates are usually chosen by
the owner.
Construction project timelines are finite
and end dates are usually chosen by the
owner, while other industry projects
conclude whenever all scopes are
finished.
Both construction project timelines
and other industry project timelines
conclude whenever all scopes are
finished.
c. Both construction project timelines and
other industry project timeline end dates
are set by the project owner/investor.
Sticking to the original project schedule is False
crucial for completion of a successful
project. A construction project schedule
must not be modified during
construction.
The estimator of a large project set No
the profit at $800,000 in the initial
estimate. The project team completed
the project on time and at the end of
the job made
$600,000 profit. When assessing the
performance of this project, would this be
considered a profitable project for the
construction company?
Yes/ no
Which of the following are typical All the above are goals of a project
goals of a construction project?
The project is completed at or above the
specified level of quality
All the above are goals of a project
The project is completed safely
Project is finished under budget
Project is finished in accordance with the
project schedule
2/24
, 3/30/25, 9:37 CMGT 360 Exam |
AM
Why might construction projects be more Construction projects have unique attributes, such as locations vary, they are not
difficult to execute than manufacturing in controlled environments, and they are unique one-time endeavors
projects?
Construction projects are less difficult
than manufacturing projects
Manufacturing projects have unique
attributes, such as locations vary, they are
not in controlled environments, and they
are unique one-time endeavors
They are unsafe, overbudget,
endeavors which are out of control
and of low
quality
Construction projects have unique
attributes, such as locations vary, they are
not in controlled environments, and they
are unique one-time endeavors
According to FMI, a company's code of True
ethics must get buy-in from personnel in
order to be effective. true false
According to FMI, a company must have a True
system in place to report and act on
unethical employee behavior. True False
According to FMI, ethics and morals are False
attributes which people have and is not
something that can be taught or trained.
T/F
Owners may perceive contractors as True
unethical because the knowledge gap
that exists between the two parties. T/F
Which of the following is the best The moral principles which govern how members of a business conduct
definition of business ethics? themselves when making professional decisions
The moral principles which govern how
members of a business conduct
themselves when making
professional decisions
The application of individual moral values
in professional situations
The moral principles which govern how
an individual conducts them self
The application of individual moral
values (perception of right and wrong)
in day- to-day situations
3/24
AM
CMGT 360 EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED
Terms in this set (99)
Can a construction project finish Yes, profitability is not a component of project success
successfully without being profitable?
Contractor management personnel on a Needs to be carefully formatted during the planning process to meet project cost
construction project: and responsibilities.
Always includes one Project Manager,
two Superintendent, two area or trade
superintendents, a field engineer, and an
office engineer.
Is the responsibility of the project
financier/owner.
Needs to be carefully formatted during
the planning process to meet project cost
and responsibilities.
Always includes one Project Manager,
one Superintendent, two area or trade
superintendents, a field engineer, and
two office engineers.
A component of cost control is accurately True
reporting actual costs and comparing
them to the estimated costs.
1/24
,3/30/25, 9:37 CMGT 360 Exam |
AM
Select the best answer in regard to Construction project timelines are finite and end dates are usually chosen by the
construction project timelines vs. owner, while other industry projects conclude whenever all scopes are finished.
traditional/manufacturing project
timelines:
Construction project timelines conclude
whenever all scopes are finished,
while other industry projects are finite
and end dates are usually chosen by
the owner.
Construction project timelines are finite
and end dates are usually chosen by the
owner, while other industry projects
conclude whenever all scopes are
finished.
Both construction project timelines
and other industry project timelines
conclude whenever all scopes are
finished.
c. Both construction project timelines and
other industry project timeline end dates
are set by the project owner/investor.
Sticking to the original project schedule is False
crucial for completion of a successful
project. A construction project schedule
must not be modified during
construction.
The estimator of a large project set No
the profit at $800,000 in the initial
estimate. The project team completed
the project on time and at the end of
the job made
$600,000 profit. When assessing the
performance of this project, would this be
considered a profitable project for the
construction company?
Yes/ no
Which of the following are typical All the above are goals of a project
goals of a construction project?
The project is completed at or above the
specified level of quality
All the above are goals of a project
The project is completed safely
Project is finished under budget
Project is finished in accordance with the
project schedule
2/24
, 3/30/25, 9:37 CMGT 360 Exam |
AM
Why might construction projects be more Construction projects have unique attributes, such as locations vary, they are not
difficult to execute than manufacturing in controlled environments, and they are unique one-time endeavors
projects?
Construction projects are less difficult
than manufacturing projects
Manufacturing projects have unique
attributes, such as locations vary, they are
not in controlled environments, and they
are unique one-time endeavors
They are unsafe, overbudget,
endeavors which are out of control
and of low
quality
Construction projects have unique
attributes, such as locations vary, they are
not in controlled environments, and they
are unique one-time endeavors
According to FMI, a company's code of True
ethics must get buy-in from personnel in
order to be effective. true false
According to FMI, a company must have a True
system in place to report and act on
unethical employee behavior. True False
According to FMI, ethics and morals are False
attributes which people have and is not
something that can be taught or trained.
T/F
Owners may perceive contractors as True
unethical because the knowledge gap
that exists between the two parties. T/F
Which of the following is the best The moral principles which govern how members of a business conduct
definition of business ethics? themselves when making professional decisions
The moral principles which govern how
members of a business conduct
themselves when making
professional decisions
The application of individual moral values
in professional situations
The moral principles which govern how
an individual conducts them self
The application of individual moral
values (perception of right and wrong)
in day- to-day situations
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