Florida International University Construction Cost Management Worksheet

Part I: Construction Cost Management (45%)

1. Using the information provided in Week 11, Resources, and Lecture 10-Part 5 (Square foot and Assembly Estimation video), perform a square foot estimate to find the cost of a 150,000 S.F. college dormitory at Provo, Utah in 2014. (10%) (show calculation)
2. If the cost you estimated in question 1 is for a college dormitory in Purdue in 2014, what would be the cost of a similar building in Provo, Utah in 2015? (15%) (show calculation)
3. What is the difference between “construction cost estimating” and “construction cost control”? Be specific. (10%)
4. LIST five specific examples each of the “direct” and “indirect” costs in a construction project. (10%) (list)

Part II: Construction Time Management (55%)

1. What is the difference between “planning” and “scheduling”? Be Specific. (10%)
2. What is a Work Breakdown Structure (WBS)? AND Why is it needed? (Two-part question). (10%)
3. Briefly describe the steps needed to plan a construction project. (From lecture, not general answer) (15%)
4. How do we shorten the duration of a construction project, when needed? Be specific. (From lecture) (10%)
5. LIST and briefly describe the data that needs to be collected to keep a construction schedule updated. (From lecture) (10%)