Construction Manager in Training (CMIT) Exam - Complete Solutions, Q & A What is one of the primary owner benefits of program management? A) Contractor
... [Show More] selection B) Leveraged purchasing C) Partnering D) Aligned dispute resolution Project management and program management are similar in that they both use _________. A) Lean Six Sigma B) Policy level perspective C) Integrated systems D) Independent consultants What elements of a project can benefit the owner by incorporating economies of scale in their program? A) Common design features B) Common building materials C) Improved construction means and methods D) All of the above True/False Agency CM is a distinct set of services that can be applied to any project delivery method. True CMAA has maintained a position of being project delivery method neutral. What does this mean? A) They advocate the design-bid-build project delivery method. B) They advocate the design-build project delivery method. C) They advocate the CM-at-Risk project delivery method. D) They do not advocate a particular project delivery method. When referring to the traditional project delivery method, this means what project delivery method is going to be used? A) Design-build B) Design-bid-build C) CM-at-Risk D) Multi-prime contracting
Once a construction contract is signed, what is the major advantage to the owner of the design-bid-build project delivery method? A) Faster construction B) Higher quality C) Experience level of contractor is known D) Transfer of risk When using the design-bid-build project delivery method, what is the most important element of the process? A) Complete project documents B) Complete schedule C) Complete subcontractor listing D) Complete bid bond During construction, the CM-at-Risk project delivery method has the CM in a position equivalent to: A) An owner B) A designer C) A subcontractor D) A general contractor What is the primary benefit to the owner of the design-build project delivery method? A) Lower overall costs B) Significant control over the end-product design C) One party responsible for design & construction D) Designer can use highly prescriptive specifications for the project A project delivery approach that is gaining acceptance for allocating risks among project teams is referred to as the ________ method. A) D-B B) IPD C) FAR D) D-B-B True/False A CM must be aware of its contractual obligations regarding safety on the project site. True True/False Contract documents are important in determining the safety responsibilities of the CM. False What are the two basic types of multiple-prime contracting methods? A) Trade contracting & phased construction B) Trade contracting & bi-lateral construction C) Fast-tracked construction & design-build D) Design-build & phased construction True/False The OSHA provisions are applicable to all commercial projects. True Risk may be allocated by: A) Contract B) Recognized trade practices C) Court decisions D) All of the above The first step in the risk allocation process is: A) Determine which player has the greatest financial resources B) Identify the sources of risk and assess their impact on the project C) Calculate the amount of risk the project budget can absorb D) Prioritize the risks to the project True/False It is in the best interests of the owner to allocate all risk to other parties. True Which of the following statements is FALSE? A) Risk should be assigned to the party who can best control it. B) Risk should be assigned to the party who can bear it at the lowest cost. C) Assumption of the risk by other parties results in lower cost to the owner. D) If no other party can control the risk or bear the loss, the risk should be assigned to the owner. True/False Indemnification protects one party (indemnitee) from claims by third parties in that another party (indemnitor) is obligated to pay for any liabilities incurred. True True/False A limitation provision seeks to limit a party's liability to the party's client. True True/False A CM must purchase insurance coverage for protection against claims by its own employees. True [Show Less]