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Questions and Answers
What project control tool is most notably associated with Project Management (PM)?
Why did critical path analysis hinder the further development and application of Project Management in construction?
In the context of Project Management, what is the primary purpose of critical path analysis?
How did critical path analysis impact the advancement of Project Management in construction projects?
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What aspect of project execution did critical path analysis constrain?
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How did critical path analysis influence decision-making processes within construction projects?
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Which area of construction project management was particularly affected by the limitations of critical path analysis?
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In the context of construction projects, what role did critical path analysis play in change management?
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'Cost escalation' in construction projects could potentially be exacerbated by:
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How could insurance policies mitigate the risk of cost escalation in construction projects?
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Study Notes
Project Management
- A project involves scope, purpose, constraints, time, budget, specifications, resources, procurement, contract, quality control, safety, vision, test, risk management, feasibility, risk assessment, risk identification, and ISO standards.
- Project management also involves plan, control, value engineering, variations, sustainability, politics, firing, hiring, HRM, finance, customer relations, marketing, environment, operations, leasing, FM, commissioning, profit and loss, return on investment, productivity, regulations, and more.
Project Components
- Project components include scope, time, cost, quality, and change management, which are interrelated and affect project success criteria.
- Time management involves critical path analysis, which was initially limited to construction projects but has since been applied to other fields.
Project Phases
- Project phases include acceptance by client, life cycle, maintenance, change management, close out and handover, liability, dispute, insurance, certification, logistics, infrastructure, personnel safety, stakeholders, arbitration, statutory authorities, cost escalation, legislations, trust, incentives, and work acceleration.
- Project phases also include maintenance manuals, as-built drawings, alterations, transportation, cash flows, claims, legal issues, commercial issues, salaries and wages, penalties, strikes, weather, warranties, fraud, damages, payment, and conditions.
Risk Management
- Risk management involves hazard management, suppliers, tendering, resourcing, materials, subcontractors, design, negotiations, security, HSE, land, team work, taxes, utilities, social services, inspection, surveying, and milestones.
- Risk management also includes tendering, resourcing, materials, subcontractors, design, negotiations, security, HSE, land, team work, taxes, utilities, social services, inspection, surveying, and milestones.
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Description
This quiz covers various key aspects of project management including scope, budget, quality control, risk management, procurement, HRM, finance, and customer relations. Test your knowledge on project planning, execution, and control.
