CAPM Time & Cost Management 2

Question 1

A project manager calculates the Schedule Variance (SV) as -$15,000. What does this indicate?

Accepted Answer

The project is behind schedule

Answer

A negative SV (EV - PV) means the project has earned less value than planned, indicating it is behind schedule.

Question 2

Which scheduling technique uses three time estimates — optimistic, pessimistic, and most likely — to calculate activity durations?

Accepted Answer

Program Evaluation and Review Technique (PERT)

Answer

PERT uses weighted average of optimistic, most likely, and pessimistic estimates to calculate expected duration.

Question 3

What is the Budget at Completion (BAC) used for in Earned Value Management?

Accepted Answer

Representing the total planned value of the project

Answer

BAC is the total authorized budget for the project and represents the sum of all planned values.

Question 4

A project team is using fast tracking to recover schedule time. Which risk does this primarily introduce?

Accepted Answer

Increased rework due to parallel activities

Answer

Fast tracking overlaps sequential activities in parallel, which can increase rework if upstream deliverables change.

Question 5

Which type of dependency between activities is defined as 'Activity B cannot start until Activity A finishes'?

Accepted Answer

Finish-to-Start (FS)

Answer

Finish-to-Start is the most common dependency, requiring the predecessor to finish before the successor can start.

CAPM Practice Test