Cosc 353 final exam - Study guides, Class notes & Summaries
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COSC 353 Project Management Exam 2 Questions and Answers
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COSC 353 Project Management Exam 2 
Questions and Answers 
Risk - Correct Answer️️ -Any factor or event that creates uncertainty in achieving 
organizational objectives 
General Risks - Correct Answer️️ --Financial 
-Time 
-Design 
-Quality 
Risk Contribution - Separated Function - Correct Answer️️ -Lack of timely consultation 
resulting in difficult maintenance of project aspects 
Risk Contribution - Scope Creep - Correct Answer️️ --Change in scope of work after 
contract 
-Misc...
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COSC 353 Exam 2 Questions and Answers
- Exam (elaborations) • 11 pages • 2024
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COSC 353 Exam 2 Questions and Answers 
Chapters 7,8,9,11,12,13 - Correct Answer️️ -Even though syllabus doesn't say 12 and 
13... 
To ensure max competitive advantage and the best sub price for an owner, a 
construction manager should seek 12 or more bidders per work package. T/F - Correct 
Answer️️ -False 
A bid breakdown submitted by the bidder can be useful in guiding contractor progress 
payments. T/F - Correct Answer️️ -True 
Builder's risk insurance insures the property while...
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COSC 353 - Final Exam Questions and Answers
- Exam (elaborations) • 17 pages • 2024
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COSC 353 - Final Exam 
 
Public Owner - Answer- money comes from federal, state, or local 
 
owner is the taxpayer 
 
projects can be managed by private organizations 
 
Private Owner - Answer- most construction financed this way 
 
developer 
 
Developer - Answer- private owner that only owns the project for the duration of construction 
 
Owner Representatives - Answer- facility managers 
 
building committee (users, financial backers, residents) 
 
pm/cm 
 
Architects - Answer- translate and ...
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