3/17/23, 2:43 PM Quiz: SEATWORK 3: Cost Planning and Construction Project Scheduling

SEATWORK 3: Cost Planning and Construction

Project Scheduling
Started: Mar 17 at 2:39pm

Quiz Instructions
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Question 1 5 pts

This is defined as the process of asserting future resource requirements for an

organization or scope of work

Cost Estimates

Cost Management

Resource Planning

Cost Planning

Question 2 5 pts

The predictive process used to quantify, cost, and price the resources required by the
scope of an investment option, activity, or project.

Resource Planning

Cost Estimating

Cost Budgeting

Cost Constrol

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3/17/23, 2:43 PM Quiz: SEATWORK 3: Cost Planning and Construction Project Scheduling

Question 3 5 pts

Used for allocating the estimated cost of resources into cost accounts against which
cost performance will be measured and assessed

Resource Planning

Cost Estimating

Cost Budgeting

Cost Control

Question 4 5 pts

 This is a predictive process used to quantify, cost, and price the resources required
by the scope of an investment option, activity, or project

Cost Budgeting

Cost Planning

Cost Control

Cost Estimating

Question 5 5 pts

The estimation of costs, the setting of an agreed budget, and management of actual
and forecast costs against that budget

Cost Estimating

Cost Control
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3/17/23, 2:43 PM Quiz: SEATWORK 3: Cost Planning and Construction Project Scheduling

Cost Budgeting

Cost Planning

Question 6 5 pts

This is considered as the highest use of charge for a relatively short series of period
of time and its costing must be included in the bidding processes

Machine Hour Rate

Man Hour Rate

Ownership

Rental

Question 7 5 pts

This process in construction projects is the process of listing of tasks, activities,

milestones with a planned start and finish date. The importance of this concept in
construction projects cannot be neglected since it plays a crucial role in a project's
success. 

Construction Project Scheduling

Acquisition of Monetary Support

Site Engineer Selection

Bidding

Question 8 5 pts

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3/17/23, 2:43 PM Quiz: SEATWORK 3: Cost Planning and Construction Project Scheduling

The setting of large-scale enterprises requires the management of large-scale

manpower. It can be effectively done through staffing functions. 

Better Human Relations

Motivation

Higher Productivity

Efficient Utilization

Question 9 5 pts

This means the amount to be paid to any subcontractor hired by the Contractor for
the principal purpose of obtaining the auditing services under this Agreement. It’s
essentially a comprehensive cost breakdown of the entire contract that property
owners or construction managers use to verify the work performed and to release
payment.

Machine Schedules

Daily Schedule

Equipment Cost Scheduling

Subcontract Cost

Question 10 5 pts

These are the cost associated with owning and operating equipment. It aims to
provide the right equipment at the right time and place so the work can be
accomplished at the lowest cost.

Daily Hours

Equipment Rental

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3/17/23, 2:43 PM Quiz: SEATWORK 3: Cost Planning and Construction Project Scheduling

Equipment Cost Scheduling

Subcontract Cost Scheduling

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