BCM Construction Project Management 2 — Questions and Answers
Question 1: Which risk response strategy involves transferring the financial consequences of a risk to a third party, such as through insurance?
- Transfer (Correct answer)
- Mitigate
- Accept
- Avoid
Correct answer: Transfer
Risk transfer shifts the financial burden of a risk to another party, commonly through insurance, bonds, or contractual clauses.
Question 2: The Project Management Body of Knowledge (PMBOK) identifies how many primary process groups?
- 5 (Correct answer)
- 4
- 6
- 7
Correct answer: 5
PMBOK's five process groups are Initiating, Planning, Executing, Monitoring & Controlling, and Closing.
Question 3: In construction scheduling, a lag is best defined as:
- A delay intentionally added between the start or finish of two activities (Correct answer)
- Extra resources assigned to speed up a task
- The time a subcontractor is on-site
- A penalty clause for late delivery
Correct answer: A delay intentionally added between the start or finish of two activities
A lag is a mandatory wait time between linked activities, such as waiting for concrete to cure before proceeding.
Question 4: Which document formally authorizes a construction project and gives the project manager authority to apply resources?
- Project Charter (Correct answer)
- Scope Statement
- Request for Proposal
- Notice to Proceed
Correct answer: Project Charter
The project charter is the foundational document that authorizes the project and defines the project manager's authority level.
Question 5: Resource leveling in construction scheduling aims to:
- Smooth resource demand over time to avoid peaks and shortages (Correct answer)
- Increase the total number of workers on-site
- Eliminate all float from the schedule
- Reduce project scope to match available budget
Correct answer: Smooth resource demand over time to avoid peaks and shortages
Resource leveling adjusts activity timing to create a more uniform resource profile and prevent over-allocation.
Question 6: A Gantt chart primarily shows:
- Activity durations and their planned start/finish dates on a timeline bar chart (Correct answer)
- Budget expenditures over time
- Organizational hierarchy of the project team
- Material delivery schedules only
Correct answer: Activity durations and their planned start/finish dates on a timeline bar chart
A Gantt chart displays project activities as horizontal bars along a time axis, showing duration, sequence, and progress.
BCM Construction Project Management 2
Which risk response strategy involves transferring the financial consequences of a risk to a third party, such as through insurance?