CAPM Time & Cost Management 5

Question 1

A project has total float of zero on several activities. What does this indicate about those activities?

Accepted Answer

They are on the critical path and have no scheduling flexibility

Answer

Activities with zero total float are on the critical path; any delay in these activities will delay the project end date.

Question 2

Which planning tool shows the relationships between activities, including their durations and dependencies, in a network diagram format?

Accepted Answer

Precedence Diagram Method (PDM)

Answer

PDM (also called Activity-on-Node) shows activities as nodes connected by arrows representing dependencies.

Question 3

Contingency reserves in project cost management are intended to address:

Accepted Answer

Known risks identified and accepted in the risk register

Answer

Contingency reserves handle known risks (known unknowns) that have been identified and quantified in the risk register.

Question 4

A project's Variance at Completion (VAC) is -$20,000. What does this mean?

Accepted Answer

The project is expected to exceed its budget by $20,000

Answer

VAC = BAC - EAC; a negative VAC indicates the project is forecasted to finish over budget.

Question 5

Which process within the Project Time Management knowledge area involves determining the logical order of activities?

Accepted Answer

Sequence Activities

Answer

Sequence Activities identifies and documents the logical relationships among project activities to create the network diagram.

CAPM Practice Test