CONSMAN 2 MIDTERMS

ARCHITECTURE

RESOURCE ALLOCATION

is the assignment of the required resources to each activity, in the required amount and timing. Resource allocation is also called resource loading

Resource leveling

is minimizing the fluctuations in day-to-day resource use throughout the project. It is usually done by shifting noncritical activities within their available float. It attempts to make the daily use of a certain resource as uniform as possible.

Free float

may be defined as the maximum amount of time an activity can be delayed without delaying the early start of the succeeding activities.

Resources

in this context include labor, equipment, and materials.

Forward resdurce leveiling

Leveling resources, starting from project start and going through all project activities, fulfilling their resource requirements and maintaining the total resource usage within the set limits. With such restrictions, some activities have to be delayed until resources are available and the project duration may be greater than planned, causing the finish date to occur later than originally scheduled.

Backward résource levélling

Leveling resources, starting from project finish and going (backward) through all project activities, fulfilling their resource requirements and maintaining the total resource usage within the set limits. With such restrictions, the project may have a longer duration than originally allowed and project start may have to occur before the scheduled date.

Materials management

is defined as the planning and controlling of all necessary efforts to ensure that the correct quality and quantity of materials and equipment are appropriately specified in a timely manner, are obtained at a reasonable cost, and are available when : needed

project start up

A subset of preconstruction planning that involves mobilizing the project management team, educating ~ them regarding the project and associated risks, and ‘conducting team-building activities.

Mobilization

the project office is established, and temporary facilities (electricity, water, sewer and telephone), - site access, adequate fencing and gates installed, bunkhouses, start-up checklists, logs, certificate of insurances

initial submittals

The technical specifications of the construction contract may require specific shop drawings, product data sheets, or samples to be submitted to the designers for review and approval

Submittals

used by the design professionals to ensure that correct materials are used on the project

project buyout

Involves awérding subcontracts and procuring materials being furnished by the general contractor and comparing actual costs to the budgeted costs

Three-week Schedules

manage day to day activities of the project

project monitoring

Itis the process of keeping a close eye on the entire project management life cycle and ensuring the project activities are on the right track.
-This is used to measure a prOJects progress. It is important because it lets you keep tabs ona prOJect and identify problems.

’EARNED VAI.UE 'MONITORING

is a technique for determmmg the estimated or budgeted value of the work completed - to date (or earned value) and comparing it with the - actual cost of work completed
-is a way to measure and monitor the * level of work completed on a project against the plan.

Earned Value Management

A method of integrating scope, schedule, and budget for measuring project performance. It compares the amount of work that was planned with what was actually earned and with what was actually spent to determine if cost and schedule performance are as planned

cost control

is to gain the maximum profit within the designated period within the budget

Project cost ris

is the risk that a project will spend more money than was originally budgeted

Project Control

he continuous process of: Monitoring work progress, comparing it to Baseline Schedule and Baseline Budget (what was supposed to happen or what was planned), finding any variances (deviations from baselines), where and how much; analyzing the varianCes to find out the causes, and then taking corrective actions whenever and wherever necessary to bring the project back on schedule and within budget.

Information System

Helps you collect data on operators, tools, vehiclesand equipment. This information is necessary } when it comes to planning and § budgeting. Analyzing the aggregated # data reveals a trend. This offers you the @ opportunity to compare estimated and 4 costs

Quality Control)

process to ensure materials - and installation meet or exceed the requirements of the contract documents

Mediation

A method of & trying to resolve a dispute by the use of an impartial : intermediary to suggest ways ! 8 to settle the dispute, rather 'than imposing a decision upon i the parties

Negotiation

When two or more parties with competing interests discuss an issue with the aim of reaching an towards resolving claims

PROJECT control

Process that encompasses the resources, procedures, and tools for the planning, monitoring, and controlling of all phases of the capital project lifecycle.
-This includes estimating, cost and schedule management, risk management, change management earned value progressihg and forecasting

SUBCONTRACTOR 'MANAGEMENt

is the process of procuring subcontractors and overseeing their work - on behalf of a client. In construction, general contractors are responsible for this.

Pre-award

During this stage, general contractors assess the project's needs

Award

In this stage, general contractors review bids and proposals from subcontractors in search of the best candidates. Once suitable subcontractors have been selected, general contractors will work with them to hammer out specific contract details

Post-award

At this point, the project is in full swing. ' General contractors monitor subcontractors to ensure § : they're operating on . schedule and in accordance 4 with quality and safety standards.

Close-out

During this final phase, general contractors thoroughly inspect each subcontractor’s work. They & may request - and follow up on - change orders if the work isn't sufficient.

CRASHING

it its a method in porject management that helps you speed up the timeline of a project through addition of resources. Project managers and stakeholders often use this method to either preserve a project’s estimated deadline or expedite it.

CHANGE MANAGEMENT

The process of integrating a balanced procedure for recognizing, planning, and evaluating capital project changes in an effective manner.

critical chain

It is a method of planning and managing projects that emphasizes the resources required to execute project tasks