Quantity Surveying Certification

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Questions and Answers

What is the purpose of this document?

  • To promote the PICQS Journal
  • To provide guidance on the pathway requirements for PICQS APC
  • To claim ownership of other institute's names, logos, and trademarks
  • For guidance purposes only and may include confidential or sensitive information (correct)

What is the level of competency for this lesson?

  • Level 1 - Knowing (correct)
  • Level 4 - Expert
  • Level 3 - Doing/Advising
  • Level 2 - Doing

What is one of the ground rules mentioned in the document?

  • Switch on your mobile phones
  • Do not ask when in doubt
  • Be afraid to share your knowledge
  • Please switch off your mobile phones or put them into silent mode (correct)

What is one of the topics covered in the Economics of Design?

<p>Design Efficiency Ratio (C)</p> Signup and view all the answers

What is the purpose of the 'Ask when in doubt' ground rule?

<p>To clarify any misunderstandings (B)</p> Signup and view all the answers

What is the focus of the 'Knowing' level of competency?

<p>Acquiring knowledge about the topic (D)</p> Signup and view all the answers

What is the primary purpose of preparing a cost plan in a building project?

<p>To understand whether the project is affordable and confirm that the cost target is reasonable (A)</p> Signup and view all the answers

Which of the following is an advantage of a cost plan in a building project?

<p>It assists the design team in controlling the total building cost (D)</p> Signup and view all the answers

What is the role of the ICEC Accredited PICQS in the context of a building project?

<p>It is responsible for preparing the cost plan (D)</p> Signup and view all the answers

What is the OGC Gateway Process?

<p>A process that consists of five stages, from strategic assessment to operational review (D)</p> Signup and view all the answers

What is the significance of the cost limit in a building project?

<p>It is the target cost that must not be exceeded (C)</p> Signup and view all the answers

What is the approximate value of the global construction market size in 2023?

<p>USD 13.57 trillion (C)</p> Signup and view all the answers

What is the role of a QS in the tendering process?

<p>To give a fair and reasonable unit rate assessment (D)</p> Signup and view all the answers

What is the benefit of sound contract administration in projects?

<p>To avoid disputes leading to arbitration (B)</p> Signup and view all the answers

What is the name of the certification that can be gained from PICQS?

<p>Certified QS (A)</p> Signup and view all the answers

What is the role of a QS in terms of digital cost management?

<p>To prepare the country for its digital transformation (A)</p> Signup and view all the answers

What is the phase of the project where QS's help streamline tendering processes in government projects?

<p>Phase 2 — Tendering &amp; Procurement (B)</p> Signup and view all the answers

What is the primary goal of a systematic team-based collaborative approach?

<p>To achieve maximum output from limited resources (C)</p> Signup and view all the answers

What is the purpose of a structured risk management system?

<p>To reduce the opportunities for loss and consequences of loss (A)</p> Signup and view all the answers

What is assessed in risk analysis?

<p>The likelihood of each risk and its impact on project objectives (C)</p> Signup and view all the answers

What is the name of the matrix used to assess the likelihood and impact of risks?

<p>5x5 Risk Matrix (A)</p> Signup and view all the answers

What is the goal of cost-benefit analysis of risk management costs?

<p>To evaluate the cost-effectiveness of risk management (B)</p> Signup and view all the answers

What is the primary focus of ICEC Accredited PICQS?

<p>Defining and achieving 'value for money' (B)</p> Signup and view all the answers

What is the purpose of this document?

<p>For guidance purposes only (B)</p> Signup and view all the answers

What is the main focus of Level 1 Competency?

<p>Knowing (A)</p> Signup and view all the answers

What is one of the ground rules mentioned in the document?

<p>Switch off your mobile phones (A)</p> Signup and view all the answers

What is the topic of this lesson?

<p>Commercial management in construction (A)</p> Signup and view all the answers

What is the purpose of identifying the assembly point area?

<p>To identify the assembly point area in case of emergency (D)</p> Signup and view all the answers

What is the level of competency that involves doing and advising?

<p>Level 3 (B)</p> Signup and view all the answers

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