ce167f11_Final_Solutions - CE 167: Engineering and Project...

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Final Exam CE167: Fall 2011 1 CE 167: Engineering and Project Management Professor William Ibbs Fall 2011 General Instructions This exam is to be completed in a bluebook – answers not recorded in a bluebook will not be graded. Place the exam sheets on the inside of your bluebook when finished and hand them in back with the bluebook. Put your name on both your blue book and the exam sheet. Show your work step-by-step. Write legibly, and state any necessary assumptions. If you have a question during any portion of this exam, raise your hand & speak privately to the proctor. Please look through the whole exam before you start The exam is 10 questions long and is worth 150 points.
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Final Exam CE167: Fall 2011 2 Questions: 1. Define following terms in relation to construction project management and give a 1-sentence explanation how they relate to design or construction practice. A) [3 Points] Contra Proferentum Ambiguities are interpreted against the party that was responsible for writing the contract. Reduces the risk exposure of contractors. B) [3 Points] Parole Evidence Rule in contract law that prevents parties from submitting extraneous/additional evidence that is contradictory to a contract (primarily for dealings prior to the formation of the contract) C) [3 Points] Cardinal Change A change that is so extensive it alters the nature of the work. Generally, a Cardinal Change will negate the original contract, and require the project be re-bid or re-negotiated. D) [3 Points] Force Majeure Acts or Events that are beyond the control of either party. Reduces liability to both parties. E) [3 Points] Constructive Acceleration Unlike a directed acceleration, a constructive acceleration occurs when the Contractor/Subcontractor requests or is entitled to a time extension, but is not granted the extension. As a result, the contractor will have to accelerate to finish the project by the original milestone dates. 2. [8 Points] Short Answer: Identify three methods of scheduling projects. For each method: provide one advantage, one disadvantage, and an example of a situation for which that scheduling method is ideal. Gantt/Bar Charts, AOA/AON, Line of Balance/Vertical Production Method, PERT. Critical Path Method is also a possibility, but is usually combined with other techniques. 3. [8 Points] Short Answer: Please identify and describe the three components that must be considered for a plaintiff to receive compensation from a defendant in a contract dispute. Causation, Liability, Damage. 4. You have the option of making a $6,000 investment, with returns in the form of 12 semi-annual payments of $600. If your annual discount rate is 10%, how does the value of the investment change if:
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Final Exam CE167: Fall 2011 3 A) [5 Points] Each payment is paid at the beginning of each time period from the moment you invest? NPV = -$6,000 + $600 + $600(P/A,5%,11)
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This note was uploaded on 01/06/2012 for the course CIVIL AND 167 taught by Professor Ibbs during the Fall '11 term at University of California, Berkeley.

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ce167f11_Final_Solutions - CE 167: Engineering and Project...

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