CCM Project and Program Management 2

Question 1

Which scheduling technique calculates the earliest and latest start/finish times for each activity to identify float?

Accepted Answer

Critical Path Method (CPM)

Answer

Resource leveling

Answer

Monte Carlo simulation

Answer

Earned value analysis

Question 2

A construction program manager oversees multiple projects simultaneously. The PRIMARY benefit of program management over managing individual projects is:

Accepted Answer

Coordinating interdependencies and optimizing shared resources across projects

Answer

Reducing the number of project managers required

Answer

Eliminating the need for individual project schedules

Answer

Centralizing all procurement under one contract

Question 3

During project execution, the actual cost of work performed (ACWP) exceeds the budgeted cost of work performed (BCWP). This indicates:

Accepted Answer

A cost overrun (negative cost variance)

Answer

A schedule variance

Answer

A positive cost variance

Answer

Ahead-of-schedule performance

Question 4

Which document formally authorizes a construction project and grants the project manager authority to apply resources?

Accepted Answer

Project charter

Answer

Project management plan

Answer

Scope statement

Answer

Work breakdown structure

Question 5

Fast-tracking a construction schedule differs from crashing in that fast-tracking:

Accepted Answer

Overlaps sequential activities to compress the schedule

Answer

Adds resources to critical path activities

Answer

Reduces project scope to meet the deadline

Answer

Increases the project budget to accelerate work

Question 6

A Responsibility Assignment Matrix (RAM) maps which of the following?

Accepted Answer

WBS elements to project team members or organizational units

Answer

WBS deliverables to project milestones

Answer

Project risks to mitigation strategies

Answer

Cost accounts to schedule activities

Question 7

Which type of contract places the MOST financial risk on the contractor?

Accepted Answer

Firm-fixed-price (FFP)

Answer

Cost-plus-fixed-fee (CPFF)

Answer

Cost-plus-incentive-fee (CPIF)

Answer

Time and materials (T&M)