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ARE 5.0 PJM EXAM 2025 QUESTIONS AND ANSWERS Partnering - ....ANSWER ...-A method of managing a project where various stakeholders in the project all participate in the decision making process What should a PM consider when selecting its internal team? - ....ANSWER ...-The type and complexity of the project, the size of the project, staff availability, experience levels, billing rates, personalities What are the 2 methods of scheduling a project? - ....ANSWER ...-Bar char or Gantt chart & critical path Most common methods of compensation - ....ANSWER ...-Stipulated sum, cost plus fee, percentage of construction cost, unit cost Total working fee - ....ANSWER ...-The fee available to pay people to do the job after subtracting fees for profit, consultants, and other expenses stipulated sum/fixed price - ....ANSWER ...-The owner pays the architect a fixed sum for a specific set of services, these do not include reimbursable expenses Cost plus fee - ....ANSWER ...-The architect is compensated for the actual expenses of doing the job plus a reasonable fee for profit ....FOR STUDY PURPOSES...©️2025 ALL RIGHTS RESERVED... 1