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INDIAN
SCHOOL OF BUSINESS MANAGEMENT AND
ADMINISTRATION
AN ISO 9001:2015 CERTIFIED INTERNATIONAL
B-SCHOOL
Name:
Marks:
80
Course: Masters in Business
Administration (MBA 4 Sem)
Subject: Construction Management
Answer the following question.
Q1. Write short notes in the following.
on Demobilization (10marks)
Answer : Demobilization
refers to the process of discharging military personnel from active duty and
reducing the size and capabilities of a country's armed forces following the
end of a war or conflict. It involves a wide range of activities, including
personnel demobilization, decommissioning of equipment and facilities, and the
reintegration of ex-combatants into civilian life.
Some key features of demobilization
Q2. What is Risk Identification Analysis and Classification? List out the
Risk avoidance and Reduction measures.(10marks)
Answer : Risk identification,
analysis, and classification are essential components of risk management. It
involves identifying potential risks that may affect the project, analyzing the
likelihood and impact of these risks, and categorizing them based on their
severity and importance.
Risk Identification Analysis and Classification:
Q3. Explain the constitute of tender documents:-Specimen of Earnest
Money Guarantee. (10marks)
Answer : Tender documents are a
set of documents that are used by organizations to solicit bids from vendors or
contractors for the supply of goods or services. These documents are used to
communicate the requirements, specifications, terms and conditions of the
contract, and evaluation criteria to the potential bidders. The following are
the constituent parts of a tender document:
- Cover
Letter: This is the
Q4. What Are the Different Types of Contracts? (10marks)
Answer : Contracts are agreements
between two or more parties that create legally binding obligations. There are
various types of contracts that are used in different situations, depending on
the nature of the transaction and the requirements of the parties involved. The
following are some of the most common types of contracts:
- Express
Contract: An express contract is a contract in which the terms are
explicitly agreed upon by the parties, either orally or in writing.
- Implied
Contract: An implied
Q5. Explain the checklist for a contractor? (10marks)
Answer : A contractor's checklist
is a document used to ensure that all necessary tasks and activities are
completed in a construction project. This helps to ensure that the project is
completed on time, within budget, and to the required standards. The following
are some of the key items that may be included in a contractor's checklist:
- Obtain all
necessary permits: Before starting any construction work, the
contractor must obtain all the necessary permits
Q6. Illustrate the financial model for a construction organization
operations. (10marks)
Answer : The financial model for
a construction organization operations is a framework that outlines the
financial aspects of running a construction business. The model typically
includes the following components:
- Revenue:
The revenue section of the financial model outlines the sources of income
for the construction organization. This may include revenue from
construction projects, as well as other sources such as rentals, sales of
equipment, or consulting fees.
- Cost of
goods sold: The cost of goods sold (COGS) section of the financial
model outlines the direct costs associated with
Q7. Write a short note on the following on Maintenance (10marks)
Answer : Maintenance is the
process of preserving or restoring an asset or equipment to its original or
acceptable operating condition. It is an essential component of asset
management and is critical for the safe and reliable operation of equipment and
infrastructure.
There are various types of
maintenance strategies, including preventative maintenance, predictive
maintenance, and corrective maintenance. Preventative maintenance involves
performing scheduled inspections, repairs, and
Dear
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Send
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