Project Management Flashcards
7 cards from real ASCE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Management flashcards as text
In Earned Value Management, a project has EV = $450,000 and AC = $500,000. What is the Cost Performance Index (CPI)?
Answer: 0.90
CPI = EV / AC = 450,000 / 500,000 = 0.90, meaning the project is over budget.
A bridge rehabilitation project has PV = $1.2M and EV = $1.08M at the status date. What is the Schedule Variance (SV)?
Answer: -$120,000
SV = EV - PV = 1.08M - 1.2M = -$120,000, indicating the work is behind schedule.
On a critical path network, an activity has ES = 10, EF = 15, LS = 14, and LF = 19. What is its total float?
Answer: 4 days
Total float = LS - ES = 14 - 10 = 4 days (or LF - EF = 19 - 15).
Which contract type places the greatest cost risk on the contractor?
Answer: Firm fixed-price (lump sum)
Under a lump-sum contract, the contractor absorbs any overruns beyond the agreed price.
Free float of an activity is best defined as the amount of time it can be delayed without delaying:
Answer: The early start of any immediately following activity
Free float protects the early start of successors, while total float protects the project finish.
In a PERT estimate, an activity has optimistic = 4 days, most likely = 7 days, and pessimistic = 16 days. What is the expected duration?
Answer: 8.0 days
Te = (O + 4M + P) / 6 = (4 + 28 + 16) / 6 = 8.0 days.
Which delivery method gives a single entity contractual responsibility for both design and construction?
Answer: Design-build
Design-build combines designer and builder under one contract with the owner.