CAM CAM Schedule Management & Control 2 — Questions and Answers
Question 1: What is the Earned Schedule (ES) technique used for in project management?
- To calculate cost overruns on a project
- To express schedule variance and performance in time units rather than cost units (Correct answer)
- To allocate earned value across control accounts
- To determine the budget at completion
Correct answer: To express schedule variance and performance in time units rather than cost units
Earned Schedule (ES) converts EVM schedule metrics into time-based units, enabling more meaningful schedule forecasting.
Question 2: Which of the following best describes 'schedule compression'?
- Reducing project scope to meet the schedule
- Techniques used to shorten project duration without reducing scope (Correct answer)
- Extending the schedule to accommodate resource constraints
- Removing activities from the critical path
Correct answer: Techniques used to shorten project duration without reducing scope
Schedule compression techniques such as crashing and fast-tracking shorten project duration while maintaining the original project scope.
Question 3: In a CAM's control account, what is 'time-phasing' of budgets?
- Distributing budget across the project schedule in alignment with planned work (Correct answer)
- Adjusting the schedule baseline after a change order
- Calculating remaining duration for incomplete tasks
- Assigning float to near-critical path activities
Correct answer: Distributing budget across the project schedule in alignment with planned work
Time-phasing distributes the budget across the project timeline to reflect when the planned work is expected to be performed, creating the Performance Measurement Baseline (PMB).
Question 4: What is the purpose of a 'schedule risk analysis' in CAM practice?
- To identify activities that can be eliminated from the schedule
- To quantify schedule uncertainty and determine the probability of meeting milestone dates (Correct answer)
- To document lessons learned from past schedule overruns
- To assign float to all critical path activities
Correct answer: To quantify schedule uncertainty and determine the probability of meeting milestone dates
Schedule risk analysis, often performed using Monte Carlo simulation, quantifies the probability of completing the project within a given timeframe.
Question 5: Which document formally authorizes a CAM to perform work and establishes the performance measurement baseline for a control account?
- Work Breakdown Structure (WBS)
- Control Account Plan (CAP) (Correct answer)
- Integrated Program Management Report (IPMR)
- Statement of Work (SOW)
Correct answer: Control Account Plan (CAP)
The Control Account Plan (CAP) authorizes the CAM to perform defined work and establishes the baseline budget, schedule, and scope for the control account.
Question 6: What is 'resource leveling' in schedule management?
- Adjusting project scope to reduce resource requirements
- Modifying the schedule to address resource constraints without changing the critical path (Correct answer)
- Allocating budget evenly across all activities
- Removing non-essential resources from the project
Correct answer: Modifying the schedule to address resource constraints without changing the critical path
Resource leveling adjusts activity start and finish dates to balance resource demand with available supply, which may extend the project schedule.
CAM CAM Schedule Management & Control 2
What is the Earned Schedule (ES) technique used for in project management?