The Job Is Talking to You
A PM enters only half of the installed footage completed by the field crew. What will the report most likely show?
C. Lower project performance
The foreman reports the crew installed 3,500 LF this week, but the PM has not updated quantities in two weeks. What should the PM do first?
B. Update quantity tracking
Installed quantities are accurate, but subcontractor invoices are missing. What will likely be understated?
D. Actual costs
The report shows:
What is the projected cost overrun?
C. $210,000
What was the topic of PG University Session 5?
Safety
Labor costs increased this week, but installed quantities stayed the same. What is this usually a sign of?
B. Poor productivity
The crew was budgeted to install 800 LF per week but completed 1,050 LF while keeping labor costs flat. What type of variance is this?
C. Positive variance
Costs are increasing faster than installed production (Crew should cost $80/LF but costs $92/LF). What should the PM be concerned about?
A. Shrinking margins
The labor budget is $15 per LF installed. The crew installs 900 LF with actual labor costs of $18,900. What was the actual labor cost per LF?
C. $21/LF
What was the topic of PG University Session 10?
811s and Communication
A crew completed additional work Friday afternoon, but the PM forgot to update quantities before Monday. What happens to the report?
D. Earned revenue may appear too low
A PM notices project costs trending higher than expected midway through the job. What advantage does the report provide?
A. Early corrective action
The project budget expected 10,000 SF installed by this point, but only 7,500 SF is complete while 85% of labor dollars have already been spent. What should concern the PM most?
B. Shrinking profit margins
The report shows:
What is the Expected Cost at Completion?
C. $1,050,000
What was the topic of PG University Session 6?
A PM needs to adjust future unit costs because material pricing increased unexpectedly. How should they accomplish this?
C. Adjust PM Override
A superintendent warns that rain delays may reduce weekly production from 1,000 LF to 600 LF for the next month. Which section of the report should likely be updated?
B. PM Override
The project budget estimated total costs at $1.8 million, but the PM Forecast Tool now predicts $2.05 million at completion. What does this indicate?
D. A & B
The report shows:
What is the updated projected profit?
B. $300,000
What was the topic of PG University Session 8?
Bluebeam Workshop
A project’s projected profit keeps shrinking week after week. What should the PM investigate first?
B. Production rates and job costs
Installing more work than planned while maintaining stable costs usually improves what?
A. Profit
A project started with a planned gross profit margin of 18%, but the report now forecasts 9%. What does this tell the PM?
B. Financial performance is declining
A MH Install item has:
The PM knows the $100,000 is for all the material that has already been purchased and delivered, not installation labor.
The PM Forecast Tool is currently showing a projected -$100,000 loss on the item.
What unit cost should the PM enter into the PM Override to correctly forecast the item?
C. $10,000
What was the topic of PG University Session 2?
Project Startup