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
A project has BAC = $800,000, EV = $300,000, and AC = $350,000. What is the To-Complete Performance Index (TCPI) to finish within BAC?
Answer: 1.11
TCPI = (BAC - EV) / (BAC - AC) = 500,000 / 450,000 = 1.11.
Liquidated damages in a construction contract are intended to:
Answer: Compensate the owner with a pre-agreed amount for late completion
Liquidated damages are a reasonable pre-estimate of the owner's losses per day of delay, not a penalty.
Which quality management tool is best for identifying the few causes responsible for most defects on a project?
Answer: Pareto chart
Pareto charts rank causes by frequency, applying the 80/20 principle.
A project team of 8 people adds 4 more members. How many additional communication channels are created?
Answer: 38
Channels = n(n-1)/2, so 12 people have 66 and 8 people have 28, adding 38 channels.
In stakeholder management, a stakeholder with high power and low interest should generally be:
Answer: Kept satisfied
High-power, low-interest stakeholders are kept satisfied so they do not become obstacles.
Which type of schedule float is consumed first when an activity on a non-critical path is delayed?
Answer: Free float of that activity
A delay first uses the activity's free float before affecting successors' total float.
Retainage withheld from a contractor's progress payments primarily serves to:
Answer: Provide the owner leverage to ensure completion and correction of defective work
Retainage, often 5-10%, secures completion and punch-list corrections before final payment.