Exam (elaborations)
CDT Exam Elaborations – Questions And Answers
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CDT Exam Elaborations – Questions And Answers
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CDT Exam Elaborations – Questions And AnswersProject conception is the stage in the facility life cycle in which the project is
planned and is characterized by the following activities... Right Ans - due
diligence investigations
site selection
facility programming
facility performance criteria
anticipating the cost of the work
setting the project schedule
Due diligence investigations are essentially steps for the _______ subsequent
involvement of specialists who _______ and _______ the owner's requirements
through _______. Right Ans - preparatory
evaluate
summarize
programming
Financial evaluate the following... Right Ans - owner's financial condition
life cycle cost
value of existing facilities
available funding
timing
funding for public projects is typically from... Right Ans - tax revenues
sale of bonds
tax revenue funding Right Ans - used by governing agency to spend on
services/facilities that best serve the public
sale of bonds funding Right Ans - issued by a private company or public gvt
agency to secure funding for a project. bonds sold by public gvt agency are
normally called municpal bonds
municipal bond types Right Ans - general obligation bonds
revenue bonds
development bonds
, short term construction loan Right Ans - based on information provided by
the owner, such as cash flow projections and an independent appraisal of the
value of the project
typically due at the end of the construction period
long term permanent financing Right Ans - based on expenses made during
the design and construction of the project and possibly the first few years of
operating expenses
project budget Right Ans - for all of the programming, design, procurement,
construction and occupancy costs
construction costs Right Ans - part of the project budget
hard costs Right Ans - expenses directly associated with construction,
including materials, labor and contractors overhead and profit.
soft costs Right Ans - a component of construction cost including the cost of
permits, legal fees, financing and insurance fees, architectural and design
costs, other professional fees, and the cost of marketing
contingency Right Ans - accounts for unquantifiable factors such as
economic climate, weather, labor availability, and accuracy of information
provided during preliminary studies
methods technique Right Ans - provides for the establishment of a required
date of occupancy or use for the project, then identifying all preceding
milestone dates by working backwards from that date
used when completion date is most important scheduling criterion
critical path method Right Ans - a project-management tool that illustrates
the relationships among all the activities involved in completing a project and
identifies the sequence of activities likely to take the longest to complete
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