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Decision-Making: Pros and Cons

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11 views8 pages

Decision-Making: Pros and Cons

Uploaded by

Golden
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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CMPM M1 REVIEWER

I. Multiple Choice
1. It is a judgement, a choice between alternatives , rarely a choice between right or wrong.
ANSWER: DECISION
2. A tool used for planning or scheduling simple projects.
ANSWER: GANTT CHART
3. Depends upon the ability to predict income with atleast a reasonable degree of accuracy.
ANSWER: STATIC BUDGET
4. The first rule in decision-making is that, one does not make a decision unless there is ________.
ANSWER: DISAGREEMENT
5. The result from each different department's attempt to reaching a solution that is optimum for
their department.
ANSWER: SUB-OPTIMIZATION
6. It is defined as determining the relationship between the work operation and the sequence in
which they are to be performed.
ANSWER: PLANNING
7. PERT stands for Project Evaluation and Technique.
ANSWER: REVIEW
8. A group of individuals who are cooperating willingly and effectively for a common goal.
ANSWER: ORGANIZATION
9. The process by which an executive imaginatively directs, guides, or influences the work of others
in choosing and attaining particular ends.
ANSWER: LEADERSHIP
10. An engineer who was accredited the title "Father of Scientific Management."
ANSWER: FREDERICK TAYLOR

II. Modified True or False


1. Section 6 or RA 5979 requires the application of PERT-CPM technique to all projects with an
estimated cost of ₱10,000 or more.
ANSWER: FALSE, P100,000
2. Only executives make decision.
ANSWER: TRUE
3. The project manager as executive is the most difficult and with the highest degree of
responsibility.
ANSWER: TRUE
4. Men are universal lubricant which keeps a business enterprise dynamic.
ANSWER: FALSE, MONEY
5. Scheduling is defined as the process of translating the arrow diagram into time table of business
days.
ANSWER: FALSE, CALENDAR DAYS
6. In construction stage, we establish and determine the direction and success of any construction
project.
ANSWER: FALSE, PRE-PLANNING STAGE
III. Enumeration
1. Three phases of PERT-CPM.
Answer:
- Planning
- Scheduling
- Control monitoring
2. Four major procurement factors.
Answer:
- Quality of the materials
- Quantity of the materials
- Time of delivery
- Price of the materials
3. Four key personnel assigned to the project to whom the project manager should conduct
informal sessions.
Answer:
- The construction superintendent
- Job buyer
- Drafting room coordinator
- Job expediter
4. Four different dimensions of planning functions.
Answer:
- Planning is philosophy
- Planning is integration
- Planning is a collection of procedures
- Planning is a process
5. Three reasons for poor decisions.
Answer:
- Errors made in the decision process
- Bounded rationality
- Sub-optimism
6. Seven common criteria by which proposed solutions will be judge in decision process.
Answer :
- Capital
- Time
- Profits
- Maintenance
- Return of investment
- Increase in costs
- Risks
7. Five classification of plans.
Answer:
- Objective of the Enterprise
- Policies
- Procedures
- Budget
- Programs
8. Five structural elements of an organization.
Answer:
- Money
- Methods
- Men
- Materials
- Machine
9. Systematic Process of Making Decisions
Answer:
- Identify the Problem
- Specify Objectives and Decision Criteria
- Formulate Alternatives
- Analyze and Compare Alternatives
- Select best alternative
- Implement
- Monitor
10. Elements of Making Decisions
Answer:
- Identify Problem
- Define Boundary Conditions
- Develop Solution
- Implement Decision
- Continuous Feedback
11. What does the Project Engineers do?
- Review the Timetable
- Raise questions based on overall logic
- Offer constructive criticism
12. How do constructions organize a Project Construction?
- Planning
- Execution
- Project Phaseout
13. What do the Department of Procurement do?
- Maintain Records
- Review the Specifications
- Negotiate Credit Terms
- Analyze Quotations
- Place Orders
- Follow up
- Audit invoices
- Record Keeping
- Coordinate
IV. Essay
1. Differentiate the concept of Scientific Management and Humanistic Management.
Answer:
- Scientific Management focuses on optimizing efficiency through a top-down, manager-
centric approach, where tasks are broken down and workers follow strict guidelines to
achieve maximum productivity. In contrast, Humanistic Management emphasizes the
well-being and motivation of employees, encourages their involvement in decision-
making, and prioritizes ethical behavior and long-term vision. While Scientific
Management treats employees as resources to be managed, Humanistic Management
sees them as integral contributors to the organization's success, fostering a culture of
collaboration, transparency, and social responsibility.
2. Explain the reasons why manager insist on disagreement before decision making.
Answer:
- Managers insist on disagreement before decision-making because it encourages a
thorough exploration of diverse opinions and alternative solutions, leading to more
informed and effective decisions. Disagreement helps to test opinions, identify potential
flaws, and refine ideas, ensuring that decisions are not made hastily or based on
unchallenged assumptions. By fostering an environment where differing views are
expressed and debated, managers can better understand the complexities of a situation,
weigh the merits of each option, and ultimately make decisions that are principled, well-
considered, and more likely to achieve the desired outcomes.
3. When does the purchasing of equipment better than renting it. Justify your answer.
- Purchasing equipment is better than renting it when the equipment will be used frequently
and for long-term projects, as this can lead to cost savings over time. While renting offers
advantages like no capital outlay, no maintenance responsibilities, and tax benefits, the
cumulative cost of renting can exceed the cost of ownership if the equipment is used
extensively. Owning equipment also provides more control over its availability and use,
eliminating the need to rely on external rental services. Therefore, if a company anticipates
high utilization of the equipment, purchasing it can be more economical and practical in the
long run.

TERMINOLOGIES
Executive Contract Agreement - It is an agreement used when services could not be provided at the
time the contract was signed.
Industrial Project - it is a proposal or an investment to build expand to develop specific facilities in
order to increase the production of goods and/or services in a community over a specific time:
Separate Contract - When this is are used, the project is not constructed under the centralized
control of a single prime contractor.
Planning - A general term that sets a clear road map that should be followed to reach a destination.
It is a job of making things happen that would otherwise not occur.
Construction Project Management - It is the direction, regulation, and supervision of a project from
early development to completion.
Program Evaluation and Review Technique (PERT) - It is an event - oriented network analysis
technique used to determine project duration when individual activity duration prediction is quite
uncertain.
Manager - The nature of his/her job is varied from simplest to the most complicated one.
Critical Path Method (CPM) - It is a technique that used by project manager to create a project
schedule and estimate the total duration of project. Fast Tracking Refers to the overlapping
accomplishment of project design and construction.
Construction Contract - it is a legal agreement that has been specifically negotiable for the building
of a single assets or a group of assets' a group of assets or a combination of assets that are closely
related to one another in terms of their design, technology, function, of intended use.
Expected Duration - it is the average time taken for completion of the job.
Prescriptive Specification - Also known as material and method specifications.
Commercial Building - these types of building are dependent on economy.
Control - it is defined as the process by which as executive gets the performance of his subordinated
to correspond as closely as possible to chosen plans, orders, objectives, or policies.
Management - it is a process of direction and facilitating the work of people who are organized for a
common purpose.
Hard Infrastructure - it comprises all the physical system that are crucial to running a modern,
industrial economy.
Carl G. Barth - introduced to the world the use of research mathematics, which merged with his
knowledge of machine tools.
Project Risk - It refers to the livelihood that an event may occur, which could have an adverse impact
on a project's objectives, schedule, budget or quality.
Peter Drucker - He believed that effective management required a clear understanding of the
leadership between responsibility and authority and that organization.

FOUR PROJECT STAGES IN CONSTRUCTION MANAGEMENT


- Planning
- Design
- Procurement
- Construction
FOUR ELEMENTS OF A CONSTRUCTION CONTRACT
- Offer
- Acceptance
- Consideration
- Intention to create legal relations (Legality)
TYPES OF CONSTRUCTION CONTRACT
- Guaranteed maximum price contract
- Lump-sum contract
- Cost-plus contract
- Incentive contract time and materials contracts
- Unit price contract
PARTICIPANTS IN A CONSTRUCTION THREE PROJECT
- Owner
- Professional
- Contractor
PRINCIPLES OF GOOD ORGANIZATION
- Functionalism
- Departmentalization
- Principle of objective
- Analysis
- Simplicity
- Centralization of authority and responsibility
- Limited span of Control

ORGANIATION AND MANAGEMENT

1. What does "organization" refer to in the context of management?


- The structured arrangement of resources
2. Which of the following is NOT one of the major elements of organizational structures?
- Financial investments
3. Which principle of good organization emphasizes the importance of having a clear and simple
structure?
- Principle of Simplicity
4. What is the primary role of management?
- To facilitate the work of people organized for a common purpose
5. Which of the following is NOT one of the executive functions of a manager?
- Marketing
6. What does managerial control primarily involve?
- Monitoring and taking corrective actions
7. Which of these qualities is NOT typically associated with an effective leader?
- Evasion of responsibility
8. What is the importance of the line of responsibility in an organization?
- It ensures clear communication of authority
9. Which management theory is Fredrick W. Taylor known for?
- Scientific Management
10. What is a key aspect of directing in management?
- Guiding and overseeing employees

DECISION MAKING

1. What is decision making?


- is the process of selecting the best option from available choices to achieve a desired
outcome.
2. How can a decision become effective?
- A decision becomes effective when it is based on thorough analysis and aligns with the
desired goals.
3. How does one become an effective manager in decision making?
- An effective manager in decision making gathers relevant information, considers various
perspectives, and makes informed choices that align with organizational goals.
4. What is the process of decison making?
- The process of making a decision involves identifying the problem, gathering information,
evaluating alternatives, choosing the best option, and implementing the decision.
5. What are the reasons for poor decision?
- Poor decisions often result from a lack of information, inadequate analysis, and failure to
consider long-term consequences.
6. What are the reasons why manager insist on disagreement before decision making?
- Managers insist on disagreement before decision making to stimulate diverse perspectives,
which can lead to more innovative and well-rounded solutions.
7. Why should we need to know the principles of discipline?
- We need to know the principles of discipline to ensure consistent behavior, achieve long-
term goals, and maintain a structured approach to tasks.
8. Why is decision a very crucial aspect in life?
- Decisions shape our personal and professional lives.
9. Which of the following best describes your approach to risk in decision making?
- Take calculated risks
10. When making a decision, how do you evaluate the options?
- By analyzing data and facts

PRE-PLANNING

1. What are the main tasks of a project manager?


- Plan, coordinate, control, and accomplish
2. Which of the following is NOT one of the dimensions of Planning Function?
- Planning is a time
3. It is the long-term responsibility of management to use investment that will yield the largest
possible profit, and it is the function of budgeting to obtain that profit profile.
- Budget
4. This type of budget depends upon the ability to predict income with at least a reasonable degree
of accuracy.
- Static Budget
5. This type of budget recognizes the unpredictability of income and makes provisions in advance
for variations in construction expenditures in accordance with the variation of income.
- Variable Budget
6. It is one that is constant in total amount for a given period.
- Fixed Cost
7. It is a tool used for planning and scheduling simple projects.
- Gantt Chart
8. What is the first step in construction pre-planning?
- to prepare a graph and plot the anticipated date of delivery of all major equipment at the site
9. It is a series of budget set up at different level of construction volume or contract.
- Step Budget
10. It is calculated as an average rate between two points of minimum and maximum construction
operations.
- Variable rate cost

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