CCA CCA Construction Project Management and Controls

Question 1

Which project management tool is most commonly used by construction auditors to evaluate schedule performance against planned milestones?

Accepted Answer

Earned Value Management (EVM)

Answer

Critical Path Method (CPM) alone

Answer

Resource Leveling Chart

Answer

Gantt Chart without baselines

Question 2

What does a Schedule Performance Index (SPI) value of 0.85 indicate to a construction auditor?

Accepted Answer

The project is 15% behind schedule

Answer

The project is 15% ahead of schedule

Answer

The project is over budget by 15%

Answer

The project has 15% contingency remaining

Question 3

A construction auditor reviewing internal controls would expect a project budget baseline to be formally established at which phase?

Accepted Answer

After contract award and scope finalization

Answer

During contractor pre-qualification

Answer

After the first change order is approved

Answer

At project closeout

Question 4

Which control document is the primary tool for tracking actual versus budgeted costs at the work package level on a construction project?

Accepted Answer

Cost Control Report (CCR)

Answer

Contractor Daily Report

Answer

Punch List

Answer

Request for Information (RFI) log

Question 5

When auditing a construction project's management controls, which red flag most strongly suggests inadequate budget oversight?

Accepted Answer

Frequent budget transfers between cost codes without documented justification

Answer

Monthly variance reports approved by the project manager

Answer

Owner-approved contingency drawdowns with written rationale

Answer

Weekly cost meetings documented with minutes

Question 6

In construction project auditing, what is the primary purpose of reviewing a project's Work Breakdown Structure (WBS)?

Accepted Answer

To ensure all project scope elements are accounted for and traceable to costs

Answer

To verify contractor personnel qualifications

Answer

To confirm insurance certificates are current

Answer

To approve subcontractor invoices