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

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?

Accepted Answer

5

Answer

PMBOK's five process groups are Initiating, Planning, Executing, Monitoring & Controlling, and Closing.

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

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?

Accepted Answer

Project Charter

Answer

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:

Accepted Answer

Smooth resource demand over time to avoid peaks and shortages

Answer

Resource leveling adjusts activity timing to create a more uniform resource profile and prevent over-allocation.

BCM - Bachelor of Construction Management Practice Test