CCM Construction Cost and Time Management 2

Question 1

Which scheduling technique is BEST suited for projects with uncertain activity durations that require probability analysis?

Accepted Answer

Program Evaluation and Review Technique (PERT)

Answer

Critical Path Method (CPM)

Answer

Gantt Chart

Answer

Line of Balance

Question 2

A contractor submits a claim for additional costs due to an owner-directed change. The Construction Manager should evaluate the claim using which primary method?

Accepted Answer

Measured mile analysis

Answer

Total cost method

Answer

Modified total cost method

Answer

Jury of executive opinion

Question 3

In a cost-loaded schedule, what does the S-curve represent?

Accepted Answer

Cumulative planned versus actual cost expenditure over time

Answer

The critical path through the network

Answer

The resource histogram for labor

Answer

The float available on non-critical activities

Question 4

What is the Schedule Variance (SV) when Earned Value (EV) = $400,000 and Planned Value (PV) = $500,000?

Accepted Answer

-$100,000 (behind schedule)

Answer

+$100,000 (ahead of schedule)

Answer

$0 (on schedule)

Answer

Cannot be determined without Actual Cost

Question 5

A Construction Manager needs to compress the project schedule without changing the project scope. Which technique involves adding resources to critical path activities?

Accepted Answer

Crashing

Answer

Fast-tracking

Answer

Resource leveling

Answer

Schedule compression by resequencing

Question 6

Which type of cost estimate is typically prepared during the conceptual design phase with an accuracy range of -30% to +50%?

Accepted Answer

Order-of-magnitude estimate

Answer

Definitive estimate

Answer

Design development estimate

Answer

Control estimate

Question 7

Under the Earned Value Management system, what does a Cost Performance Index (CPI) of 0.85 indicate?

Accepted Answer

For every dollar spent, only $0.85 of value is being earned

Answer

The project is 85% complete

Answer

The project will finish 15% under budget

Answer

The schedule is 15% ahead of plan