Project manager controls the project by adopting different tools and techniques. Elaborate by giving relevant examples from engineering economy/Project management point of view

Q: Que:  Describe how predictive and agile approaches to project management manage project scope. What…

A: Project management plays a key function in meeting targets and executing on strategies and…

Q: What is a management information system? What are its purposes?

A: A management information system(MIS) is a computer system consisting of hardware and software that…

Q: List the legs of project managements.

A: The triangle of project management is being used by administrators to examine or appreciate the…

Q: When should a general contractor propose the value engineering ideas?

A: The value engineering ideas has benefitted the contractors and engineers in many ways. This is a…

Q: What exactly is valuation? Discuss the whole process of civil engineering structure appraisal.

A: A building's value is determined by its kind, structure, and durability, as well as its location,…

Q: Briefly explain why the contract is the most important part of construction projects

A: Brief Concept- Contract- It is an agreement between the two or more parties and it is enforceable by…

Q: Any scheduling change can have an important effect on project operations.explain?

A: The scheduling of project allows the contractor to complete the work within the time mentioned in…

Q: Define the term Managerial Competence?

A: Managerial competence is the skills, motives and attitudes that are necessary for a job, and include…

Q: How is Change or issue management a critical function on a project?

A: Issue or change management is a critical function on a project as it involves inspecting, writing…

Q: What is the role of the Resident Project Representative in value Engineering?

A: A resident project representative presents comprehensive on-site observations to control the…

Q: Defined as the work needed for the project to be done. It includes management, preparation, and…

A: The correct answer for the given question is option A i.e, Logistics The term logistics is defined…

Q: Q#What is project management? Define the terms portfolio, enterprise and project

A: Project management is defined as the application of project activities of knowledge, expertise,…

Q: n the term employer

A: An employer is defined as an individual or organization that has employees. It can lead the work of…

Q: 5) How are key events in the life of a project identified?

A: Note:- Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: Cost estimation plays a vital role in the success of any project. Explain the different tools and…

A: The cost estimation: Cost estimation is one of the important parts of a project, the process of…

Q: What is the basic symbol of activity  in project planning??

A: There are generally 2 types of network diagram i.e. AOA(activity on arrow) and other is AON(activity…

Q: explain why a project manager in construction field is unique compared to the other managers present…

A: Introduction- A Project Manager is in charge of overseeing the planning and execution of…

Q: Name four types of risks that are properly allocated solely to the engineer or architect.

A: Risks that are properly allocated to the engineer or architecture:

Q: Q- Idea and purpose of project t mean •......... All of them Each project has a goal, such as…

A: Idea and purpose of project is to be well defined with proper feasibility studies done by…

Q: In the execution of any project, the client's role and responsibility is to: O a. Prepare design…

A: Execution of project contains all the team members with their own roles. Without this, the project…

Q: How accurate is a certain method when it comes to calculating how much an engineering project will…

A: In estimating project cost, we have the several methods. Out of all them, Detailed Estimate  will be…

Q: What must be the engineer manager's primary concern when structuring the organization?

A: Primary concern should be as follows  The resources data should be available for further planning.…

Q: Define in your words the difference between a Balance Sheet and an Income Statement. from financial

A: The balance sheet and income statement differ in various ways, which are listed below. Timing: A…

Q: Discuss and compare organization strategy and operations strategy and explain why it is important to…

A: An organizational strategy includes all the actions which a company may take in order to achieve its…

Q: Name three ways that a project manager can build good teamwork in a project team.

A: three ways that a project manager can build good teamwork in a project team:

Q: the management function that deals with acquiring and retaining qualified people.

A:

Q: In each construction project, there are different stakeholders involved, namely client, engineer and…

A: Stakeholders is the term used to describe those who have an interest in, or concern for, the…

Q: Estimate Costs is the process of developing an approximation of the monetary resources needed to…

A: The analytical procedure of quantifying, costing, and pricing the capital needed by the range of an…

Q: Pls Give Definition and Great Example ! *engineering management* What is Quality Plan? and A Method…

A: Solution: Engineering management is the combination of technical skills with knowledge of leadership…

Q: Which one of the following items, does not introduce risk of schedule slip and budget overrun? a.…

A: The correct answer is option (c). If the firm make an agreement before hand to protect the plan by…

Q: How accurate is a strategy for estimating the costs of engineering projects?

A: Construction projects are very different from products manufactured in assembly lines: each building…

Q: Why Project Management is so important to study and explain the distinctive features of a typical…

A: The implementation of experience, expertise, resources, and strategies to project tasks in order to…

Q: SWOT Analysis and how it relates to crafting a business strategy

A: Strategic management is the type of management in which decisions are taken by a managerial body…

Q: 1. Explain the importance of Construction Methods and Project Management; 2. What is a project and…

A: Construction management (CM) is a professional service that oversees the planning, design, and…

Q: what does a company evaluate both the money allocated to a project and the time allocated to the…

A: A company evaluate both the money allocated to a project and the time allocated to the project

Q: A project team is comprised of how many main participants?

A: A Project Team is an integrated group of people involved in carrying out the project's shared /…

Q: Explain how value engineering helps in reducing project cost. Cite an example.

A: Value engineering interactively addresses project management and helps in achieving project goals…

Q: Discuss in details why proper management of resources is a primary consideration in any engineering…

A: Resource management generally refers to the action of planning, scheduling, allocation of people,…

Q: Consider a software development project where the team has proposed a design and estimates that it…

A: This question depends on the average lines of code an engineer writes. Let us suppose an engineer…

Q: If you are given a chance to become a member of the top management and you are tasked to hire a…

A: If I was tasked to hire a project manager, then I will look all the below qualities in him or her.…

Q: Describe the project time management with the processes of time management?

A: Project time management: It defines the how actually team spend the time on project activities and…

Q: Discuss the various aspects of services-scope and space in construction technology.

A: Construction technology is "a compilation of advanced technologies, equipment, adjustments,…

Q: What is the term Cost in value engineering?

A: Value engineering is the method of reviewing an existing or new product during the design stage…

Q: What are the most commonly used cost estimating methods for software?

A: Cost estimation  Cost estimation means estimating the cost values of various items involved in any…

Q: Briefly explain why the contract is considered the most important part of construction projects

A: An agreement/bond between bodies creating mutual obligations enforceable by legislation. The general…

Q: Explain what does a project network consists of in project planning ?

A: Network diagram simply shows the sequence of project activities .    It draws from left to right ,…

Q: Is Communication critical in a project management team

A: The application of specialized knowledge, skills, tools, and processes to provide something of value…

Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.