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Project Management Flashcards

7 cards from real ASCE practice questions. Tap to flip, then mark Knew It or Still Learning โ€” missed cards come back until you master them.

Read the first 7 Project Management flashcards as text
  1. A project has SPI = 1.10 and CPI = 0.92. Which statement best describes its status?

    Answer: Ahead of schedule and over budget

    SPI above 1 means ahead of schedule; CPI below 1 means over budget.

  2. Which risk response strategy is used when an owner requires the contractor to carry a performance bond?

    Answer: Transfer

    A bond shifts the financial consequence of default to a surety, which is risk transfer.

  3. The lowest level of a work breakdown structure, where cost and duration are estimated and managed, is called the:

    Answer: Work package

    Work packages are the lowest WBS level used for estimating, scheduling, and control.

  4. Resource leveling on a construction schedule most commonly results in:

    Answer: Extended project duration to resolve resource overallocation

    Leveling shifts activities to smooth resource demand, which often lengthens the critical path.

  5. A delay caused by unusually severe weather that is beyond either party's control is typically classified as:

    Answer: Excusable but non-compensable

    Unusual weather usually earns a time extension but no additional money.

  6. In a probability-impact matrix, a risk with probability 0.3 and impact $200,000 has an expected monetary value of:

    Answer: $60,000

    EMV = probability x impact = 0.3 x 200,000 = $60,000.

  7. Which ASCE Code of Ethics canon requires engineers to hold paramount the safety, health, and welfare of the public?

    Answer: Canon 1

    Canon 1 places public safety, health, and welfare first, which governs PM decisions on public works.