29 Questions
What is the purpose of this document?
For guidance purposes only and may include confidential or sensitive information
What is the level of competency for this lesson?
Level 1 - Knowing
What is one of the ground rules mentioned in the document?
Please switch off your mobile phones or put them into silent mode
What is one of the topics covered in the Economics of Design?
Design Efficiency Ratio
What is the purpose of the 'Ask when in doubt' ground rule?
To clarify any misunderstandings
What is the focus of the 'Knowing' level of competency?
Acquiring knowledge about the topic
What is the primary purpose of preparing a cost plan in a building project?
To understand whether the project is affordable and confirm that the cost target is reasonable
Which of the following is an advantage of a cost plan in a building project?
It assists the design team in controlling the total building cost
What is the role of the ICEC Accredited PICQS in the context of a building project?
It is responsible for preparing the cost plan
What is the OGC Gateway Process?
A process that consists of five stages, from strategic assessment to operational review
What is the significance of the cost limit in a building project?
It is the target cost that must not be exceeded
What is the approximate value of the global construction market size in 2023?
USD 13.57 trillion
What is the role of a QS in the tendering process?
To give a fair and reasonable unit rate assessment
What is the benefit of sound contract administration in projects?
To avoid disputes leading to arbitration
What is the name of the certification that can be gained from PICQS?
Certified QS
What is the role of a QS in terms of digital cost management?
To prepare the country for its digital transformation
What is the phase of the project where QS's help streamline tendering processes in government projects?
Phase 2 — Tendering & Procurement
What is the primary goal of a systematic team-based collaborative approach?
To achieve maximum output from limited resources
What is the purpose of a structured risk management system?
To reduce the opportunities for loss and consequences of loss
What is assessed in risk analysis?
The likelihood of each risk and its impact on project objectives
What is the name of the matrix used to assess the likelihood and impact of risks?
5x5 Risk Matrix
What is the goal of cost-benefit analysis of risk management costs?
To evaluate the cost-effectiveness of risk management
What is the primary focus of ICEC Accredited PICQS?
Defining and achieving 'value for money'
What is the purpose of this document?
For guidance purposes only
What is the main focus of Level 1 Competency?
Knowing
What is one of the ground rules mentioned in the document?
Switch off your mobile phones
What is the topic of this lesson?
Commercial management in construction
What is the purpose of identifying the assembly point area?
To identify the assembly point area in case of emergency
What is the level of competency that involves doing and advising?
Level 3
Test your knowledge of quantity surveying and take the first step towards becoming a certified QS. Learn about the different professional bodies such as RICS and AIQS that offer chartered membership. Gain the skills and certification needed to succeed in the industry.
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