CAPM Time & Cost Management 4

Question 1

A project manager is compressing the schedule by adding more resources to critical path activities. This technique is called:

Accepted Answer

Crashing

Answer

Crashing adds resources (people, equipment, overtime) to critical path activities to shorten the schedule, usually increasing cost.

Question 2

What is the formula for Schedule Performance Index (SPI)?

Accepted Answer

EV / PV

Answer

SPI = EV / PV; an SPI greater than 1.0 indicates the project is ahead of schedule.

Question 3

In the CAPM framework, which document authorizes the project manager to apply organizational resources to project activities?

Accepted Answer

Project Charter

Answer

The project charter formally authorizes the project and grants the project manager authority to use resources.

Question 4

A lag in project scheduling refers to:

Accepted Answer

A delay imposed between a predecessor and successor activity

Answer

A lag is a directed delay between activities, such as waiting for concrete to cure before adding the next floor.

Question 5

Which cost baseline document is used to measure and monitor project cost performance over time?

Accepted Answer

Cost Performance Baseline

Answer

The cost performance baseline is the approved time-phased budget against which actual project costs are compared.

CAPM Practice Test