CM2 - Prelim Lessons

Addresses the housing needs of a society

• Commercial Building

• Institutional Building

• Industrial Building

• Residential Building

Addresses the needs of commerce, trade, and government and makes up a third of the total construction industry

• Commercial Building

• Institutional Building

• Industrial Building

• Heavy Civil Construction

Often reffered to as horizontal construction, includes roadways, bridges, tunnels, dams, airports, and railways

• Environmental Construction

• Heavy Civil Construction

• Industrial Building

• Commercial Building

Defined primarily by the production activities that occur within the facility

• Heavy Civil Construction

• Commercial Building

• Industrial Building

• Environmental Construction

Comprised of projects that improve the environment, maintain public health, and contribute to a community's quality of life

• Industrial Building

• Environmental Construction

• Institutional Building

• Heavy Civil Construction

Construction Industry Sectors

• Environmental Construction

• Residential Building

• Industrial Building

• Commercial Building

• Heavy Civil Construction

Concerned with the allocation of scarce resources

• Construction Cost

• Construction Management

• Construction Economics

• Construction Industry

Value of the alternative forgone by choosing a particular activity

• Indirect Cost

• Construction Cost

• Project Cost

• Opportunity Cost

Logical grouping of project management processes to achieve specific project objectives

• Process Group

• Knowledge Area

• Constraints

• Dials of Project Value

A limiting factor that affects a system’s productivity

• Constraints

• Process Groups

• Knowledge Area

• Dials of Project Value