CCA Construction Project Management and Controls

Question 1

Which document serves as the primary baseline for measuring construction project performance against cost, schedule, and scope?

Accepted Answer

Performance measurement baseline (PMB)

Answer

Project charter

Answer

Work breakdown structure

Answer

Project execution plan

Question 2

Earned Value Management (EVM) uses which formula to calculate the Cost Variance (CV) on a construction project?

Accepted Answer

CV = EV – AC

Answer

CV = PV – AC

Answer

CV = EV – PV

Answer

CV = BAC – EAC

Question 3

A construction auditor reviewing project controls should verify that the Schedule Performance Index (SPI) is calculated as:

Accepted Answer

SPI = EV / PV

Answer

SPI = AC / EV

Answer

SPI = PV / AC

Answer

SPI = BAC / EAC

Question 4

Which internal control best ensures that construction project budget changes are formally authorized before implementation?

Accepted Answer

Integrated change control process

Answer

Daily cost reporting

Answer

Segregation of duties

Answer

Periodic site inspections

Question 5

A cost-to-complete (CTC) estimate that is consistently lower than actual expenditures indicates which audit risk?

Accepted Answer

Underreporting of project costs

Answer

Schedule compression

Answer

Overbilling by subcontractors

Answer

Inadequate contingency reserves

Question 6

Which project management tool provides a visual representation of a construction project's critical path and float for each activity?

Accepted Answer

Network (CPM) diagram

Answer

Gantt chart

Answer

Resource histogram

Answer

Risk register