Monash University: Semester One Examination Period 2009 Faculty of Engineering
Monash University: Semester One Examination Period 2009 Faculty of Engineering
Monash University
Faculty of Engineering
EXAM CODES: CIV3205
During an exam, you must not have in your possession, a book, notes, paper, electronic device/s,
calculator, pencil case, mobile phone or other material/item which has not been authorised for the
exam or specifically permitted as noted below. Any material or item on your desk, chair or person
will be deemed to be in your possession. You are reminded that possession of unauthorised materials in
an exam is a discipline offence under Monash Statute 4.1.
AUTHORISED MATERIALS
CALCULATORS 9 YES NO
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QUESTION 1
(a) Within the scope of a project, outline the three main trade offs. (5%)
(c) List and describe three basic company organisational structures. (5%)
(d) List and describe five (5) key skills of a project manager. (5%)
QUESTION 2
(a) The initial part of developing a successful project is the definition of the problem. Outline four
approaches to defining the problem and developing appropriate solutions.
(7%)
(b) Compare and contrast economic and multi-objective approaches to evaluating project
feasibility.
(6%)
(c) Calculate the Net Present Value of building a road over a five-year period. The initial
construction cost is $100,000. The annual maintenance cost is $30,000 pa. The annual
operating savings are $40,000 pa. The present value (PV) of an amount of money spent in a
year n (FVn) with an annual discount rate (i) is:
FVn
n
1
The annual discount rate for the road project is 8%. (7%)
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QUESTION 3
A construction project has the following activities, activity times and costs:
A (1-2) 5 5
B (2-3) 3 6
C (3-4) 4 4
D (3-6) 1 10
E (4-6) 1 10
F (6-7) 4 8
G (7-8) 8 4
H (3-5) 6 6
J (5-6) 4 4
K (6-8) 1 8
L (1-5) 8 4
(c) Determine the expenditure for each day of the project. (Assume that all activities with float
start at the beginning of the float period.)
(7%)
QUESTION 4
(a) A building developer wishes to build numerous traffic signs along many roads. The probability
of an event and the cost of withstanding the following wind loads are:
Should a sign be damaged, it will be replaced by a sign that can withstand a wind experienced
over 100 years.
(i) calculate the best course of action for the builder. (6%)
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(b) The builder does not wish to outlay a great deal of money and considers the relative utility of
the expenditure as shown below:
100
Utility
50
Building Cost
(i) Calculate the desired course of action using this preference function. (7%)
QUESTION 5
(a) List and describe the four steps in Human Resource Management. (5%)
END OF QUESTIONS
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