Construction Project Management and Controls Flashcards
6 cards from real CCA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Construction Project Management and Controls flashcards as text
Which document serves as the primary baseline for measuring construction project performance against cost, schedule, and scope?
Answer: Performance measurement baseline (PMB)
The performance measurement baseline integrates scope, schedule, and cost baselines and is used to measure and manage project performance.
Earned Value Management (EVM) uses which formula to calculate the Cost Variance (CV) on a construction project?
Answer: CV = EV – AC
Cost Variance equals Earned Value minus Actual Cost; a negative result indicates the project is over budget.
A construction auditor reviewing project controls should verify that the Schedule Performance Index (SPI) is calculated as:
Answer: SPI = EV / PV
SPI equals Earned Value divided by Planned Value; an SPI below 1.0 indicates the project is behind schedule.
Which internal control best ensures that construction project budget changes are formally authorized before implementation?
Answer: Integrated change control process
An integrated change control process requires formal review and approval of all budget modifications before they are executed.
A cost-to-complete (CTC) estimate that is consistently lower than actual expenditures indicates which audit risk?
Answer: Underreporting of project costs
Persistently optimistic CTC estimates may signal that costs are being deliberately underreported to conceal budget overruns.
Which project management tool provides a visual representation of a construction project's critical path and float for each activity?
Answer: Network (CPM) diagram
A Critical Path Method (CPM) network diagram shows activity dependencies and calculates total float, identifying the longest path through the project.