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

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: Is risk management important in the management of construction or IT projects?

A: Yes, Risk management is very much important in the management of construction or IT projects. both…

Q: What is the process that engineering managers use to ensure that a project is completed on time and…

A: Project management processes: Once the bidding process is done and now it's time to start making…

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 might a Compensation Event include

A: A compensation event is an event that is generally not the mistake of the contractor and can change…

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: What are the Project Management Functions and Construction Project Phases according to CMAA? Explain…

A: Project management functions according to CMAA are- Project manager does wide variety of works. The…

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: Do scope changes reflect upon the ineffectiveness of a project management team?

A: Scope change is the official statement released by the manager in charge of project together with…

Q: What is the role of architecture in society? Consider a project and map it both architecturally and…

A: There are following role of an architect on a society at large scale .

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: Describe the major differences between Production Risk and Project Risk

A: Project Risk: It is an uncertain situation that can impact the project objective and achievement.…

Q: What are the four fundamental concerns that must be addressed by the value engineer?

A: The engineer is responsible for the completion of the construction project. The engineers work hard…

Q: Give an insight and reflection about this "Development of cost engineering system in construction"

A: Introduction:- The current construction pricing system comprises not only budget production at the…

Q: Explain the term evaluation of public projects in project scheduling ?

A: Design, monitoring, and evaluation are all part of the management of outcomes-based projects. A key…

Q: in which construction contract is given an accurate price fo

A: Introduction- A construction agreement is a legally enforceable contract between two parties based…

Q: What is the role of a contractor in value engineering?

A: Value Engineering is a systematic approach for improving the value of products, services or goods…

Q: Describe Managerial Competence risk?

A: Managerial competencies serve an essential part in various forms of organisations now a days.…

Q: How can we measure the benefits or costs in the same units in all projects?

A: The concept lies to cost benefit analysis. During valuation it’s very necessary to analyse the cost…

Q: Explain the term evaluation of public projects ?

A: We have to asked term evaluation of public projects.

Q: . How can an organization establish the lines of authority in Project management?

A: An organization can establish the lines of authority in project management by following a proper…

Q: What are the areas of opportunity for value engineering?

A: Value engineering is a management method, which explores the best functional balance between the…

Q: Is Value engineering a basic approach that challenges everything on a project?

A: The Value Engineering is a basic approach which involves conscious and explicit set of procedure…

Q: Are there new services that are derived from technologies that construction companies can take…

A: A type of elastic collision in which two objects of equal mass that initially move in the same…

Q: Describe the process of the Evaluation of Public Projects?

A: The process of project evaluation utilizes comprehensive review to collect data and show the…

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: Explain about estimation and costing in construction project management ?

A: The management of projects in construction is a process of management of projects or managing the…

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 are the partnering benefits in construction management/

A: Project Collaboration/Partnering is a long-term collaborative management strategy in which two or…

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: What is the process for a compensation event?

A: process for compensating event mention below:

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: What is meant by the cost plus percentage of cost?

A: The contract in which the buyer reimburse the project costs which are legitimate towards the seller…

Q: Explain the statement Contractual Allocation of Risks?

A: Risk is defined as term which is used to denote the probability or chances of experiencing any…

Q: Write down the objective and application of the course of Project Planning and Management?

A: DEFINITION : Project planning and management deals with all the aspects of a construction activity,…

Q: What prevents a construction sector to adopt

A: History has shown that innovative new technologies are critical to increasing productivity, quality,…

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: What do you understand by the term Disadvantaged Businesses in Construction?

A: Disadvantaged Businesses Enterprises are for-profit small business concerns where socially and…

Q: what is the influence of construction cost overtime.

A: In order to know about factors influencing the construction cost in over time, we need to know the…

Q: What is the use of Management Structure?

A: Project Management is the application of processes, knowledge, skills, experience, tools and…

Q: Project manager controls the project by adopting different tools and techniques. Elaborate by giving…

A: Project manager- PRoject manager one who prapare detailed planning for complete project cycle. He…

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.