Page 1 of 7 EDQMS 2/3
COLLEGE OF ENGINEERING & TECHNOLOGY
Department : Construction & Building Engineering Lecturer : Dr. Ahmed Elhakeem
Course Name : Introduction to Construction Management Course Code : CB 311 Time allowed:
Date : Start time : Lecture
Midterm Examination paper
I.D.
Marks
Q uestion Actual Available
1
2
3
4
5 6
7
8
Total
L ecturer Name: Ahmed Elhakeem Sign:
Date
Student Name:
Page 2 of 7 EDQMS 2/3
COLLEGE OF ENGINEERING & TECHNOLOGY
Department : Construction & Building Engineering Lecturer : Dr. Ahmed Elhakeem
Course Name : Introduction to Construction Management Course Code : CB 311 Time allowed:
Date : Start time : Lecture
Question 1: Respond to the following (points)
1. The current steel price in Egypt is around (LE 5,000; LE 12,000; LE 15,250) /ton and the ration between cement to steel prices is close to (10%; 7%; 15.25%; >25%) 2. Project management is the art and science of directing and coordinating resources.
Resources are _______________, ________________, __________________, &__________________.
3. Which of these four resources is the most important: ________________________ and why:
______________________________________________________________________________________.
4. The problems of construction projects can be attributed to three categories (The nature of projects; the nature of the industry; and the increasing challenges).
One example for each is ___________________________________________________________________;
_______________________________________________________________________________________;
& _____________________________________________________________________________________.
5. Give one example for what can management provide to the construction projects
_______________________________________________________________________________________
6. One advantageous of Design-Bid-Build (traditional) delivery method are that:_________________________
_________________________________________________________________,and one disadvantageous is that: ___________________________________________________________________________________.
7. The difference between Design-Build and Turn-Key is that: _______________________________________
____________________________________________________________________.
8. Determine one delivery method that suit the following objectives:
Seeking minimum Cost ______________________
Seeking minimum Time ______________________
Seeking maximum Quality ______________________
Page 3 of 7 EDQMS 2/3
COLLEGE OF ENGINEERING & TECHNOLOGY
Department : Construction & Building Engineering Lecturer : Dr. Ahmed Elhakeem
Course Name : Introduction to Construction Management Course Code : CB 311 Time allowed:
Date : Start time : Lecture
9. Draw a simple illustrative sketch for separate, phased and fast-track projects and highlight the time saving
10. Which is better from your opinion “Lane Rental” or “A+B” (______________) ;
why ____________________________________________________________________________________.
11. One advantageous and one disadvantageous of Functional Organization Structure are
Advantageous _____________________________________________________________________________
Disadvantageous ___________________________________________________________________________
12. One advantageous and one disadvantageous of Project Organization Structure are
Advantageous _____________________________________________________________________________
Disadvantageous ___________________________________________________________________________
13. One advantageous and one disadvantageous of Matrix Organization Structure are
Advantageous _____________________________________________________________________________
Disadvantageous ___________________________________________________________________________
Page 4 of 7 EDQMS 2/3
COLLEGE OF ENGINEERING & TECHNOLOGY
Department : Construction & Building Engineering Lecturer : Dr. Ahmed Elhakeem
Course Name : Introduction to Construction Management Course Code : CB 311 Time allowed:
Date : Start time : Lecture
Question 2: Answer the following questions. (points)
Answer the following question related to your business: Answer Points
1.1. How much interest would you make from investing $5000 for 3 years? Annual interest rate is 10 %.
3
1.2. You need a product 3 years from now. The supplier provided you with the following options:
take the product now with a discount of 30% or take it after 3 years at the cost $1500 and annual
interest rate of 10 %. How much you will safe if you buy it now? 3
1.3. You want to expand your business by investing $25,500 now. How much do you have to pay if you decided to delay your business expansion 6 years and how much do you have to pay if you
had made this expansion 3 years ago? The annual interest rate is 10 %. 3
1.4. The time it would take for a given sum of money to double at 5% per year simple interest is closest to
a. 30 years b. 25 years c. 20 years d. 10 years
3
1.5. For an interest rate of 2% per month, the effective semiannual interest rate is:
a. 2.02%
b. 12.005%
c. 12.31%
d. 12.62%
3
1.6. A manufacturer of toilet flush valves wants to have $2,900,000 available 3 years from now so that a new product line can be initiated. If the company plans to deposit money each year, starting now, the equation that represents the deposit each year at 8% per year interest is: (Show the cash flow diagram)
a. 2,900,000 (A F/ ,8%,3 )
b. 2,900,000 (A F/ ,8%, 4)
c. 2,900,000 + 1,900,000 (A F/ ,8%,3)
d. 2,900,000 + 1,900,000 (A F/ ,8%, 2)
3
Page 5 of 7 EDQMS 2/3
COLLEGE OF ENGINEERING & TECHNOLOGY
Department : Construction & Building Engineering Lecturer : Dr. Ahmed Elhakeem
Course Name : Introduction to Construction Management Course Code : CB 311 Time allowed:
Date : Start time : Lecture
1.7. A small company plans to spend $10,000 in year 2 and $10,000 in year 5. At an interest rate of 10% per year, compounded semiannually, the equation that represents the equivalent annual worth is: (Draw the cash flow diagram)
a. A = 10,000(P/F, 10%, 2)(A/F, 10%, 5) + 10,000(A/F, 10%, 5) b. A = 10,000(P/F, 10%, 4)(A/P, 10%. 10) + 10,000(A/F, 10%, 10) c. A = 10,000(P/F, 5%, 4)(A/P, 5%. 10) + 10,000(A/F, 5%, 10) d. A = 10,000(P/F, 5%, 4)(A/F, 5%. 10) + 10,000(A/F, 10%, 5)
3
1.8. You want to close your budget for the cash flows (CF) shown in the table below. What is the value of X that will make the present worth in year 0 equal to $ 4000 at an interest rate of 10 % per year?
Year 0 1 2 3 4 5 6 7
CF $ 200 300 400 500 600 700 800 X
3
1.9. Estimate the future worth in year 4 for the cash flows (CF) shown in the table below in the following two cases: (1) the interest rate is 10% per year; (2) the interest rate is 0% per year
Year 0 1 2 3 4 5 6 7 8 9
CF $ -200 600 600 600 600 -200 -200 -200 -200 800
6
Page 6 of 7 EDQMS 2/3
COLLEGE OF ENGINEERING & TECHNOLOGY
Department : Construction & Building Engineering Lecturer : Dr. Ahmed Elhakeem
Course Name : Introduction to Construction Management Course Code : CB 311 Time allowed:
Date : Start time : Lecture
Question 3:
For the following three cash flows:
1. Arrange them from highest to lowest annual worth? (show your justification) 2. Which one will provide higher future worth (FW)?
3. If i=10%, X=1000, n=8 then calculate the FW of cash flow (C)
$X/period
0 1 2 n
(C) (A)
$X
0 1 2 n/2 n
(B)
$X
0 1 2 n/2 n
Page 7 of 7 EDQMS 2/3
COLLEGE OF ENGINEERING & TECHNOLOGY
Department : Construction & Building Engineering Lecturer : Dr. Ahmed Elhakeem
Course Name : Introduction to Construction Management Course Code : CB 311 Time allowed:
Date : Start time : Lecture
Good Luck
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F = P(1 + i)
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i
A i F
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