BCM Construction Project Management 2

Question 1

Which risk response strategy involves transferring the financial consequences of a risk to a third party, such as through insurance?

Accepted Answer

Transfer

Answer

Mitigate

Answer

Accept

Answer

Avoid

Question 2

The Project Management Body of Knowledge (PMBOK) identifies how many primary process groups?

Accepted Answer

5

Answer

4

Answer

6

Answer

7

Question 3

In construction scheduling, a lag is best defined as:

Accepted Answer

A delay intentionally added between the start or finish of two activities

Answer

Extra resources assigned to speed up a task

Answer

The time a subcontractor is on-site

Answer

A penalty clause for late delivery

Question 4

Which document formally authorizes a construction project and gives the project manager authority to apply resources?

Accepted Answer

Project Charter

Answer

Scope Statement

Answer

Request for Proposal

Answer

Notice to Proceed

Question 5

Resource leveling in construction scheduling aims to:

Accepted Answer

Smooth resource demand over time to avoid peaks and shortages

Answer

Increase the total number of workers on-site

Answer

Eliminate all float from the schedule

Answer

Reduce project scope to match available budget

Question 6

A Gantt chart primarily shows:

Accepted Answer

Activity durations and their planned start/finish dates on a timeline bar chart

Answer

Budget expenditures over time

Answer

Organizational hierarchy of the project team

Answer

Material delivery schedules only