CCM Project and Program Management 3 — Questions and Answers
Question 1: The Schedule Performance Index (SPI) for a project is 0.85. This means the project is:
- 5% under budget
- Running behind schedule (Correct answer)
- 15% ahead of schedule
- Experiencing a cost overrun of 15%
Correct answer: Running behind schedule
An SPI less than 1.0 (SPI = BCWP/BCWS) indicates the project is behind schedule, accomplishing less work than planned.
Question 2: In construction project management, a 'baseline' schedule serves primarily to:
- Replace the need for weekly progress meetings
- Provide an approved reference point against which actual progress is measured (Correct answer)
- Identify the project's critical path activities only
- Eliminate float from all project activities
Correct answer: Provide an approved reference point against which actual progress is measured
The baseline schedule is the approved version of the project schedule used to track and measure performance throughout execution.
Question 3: When a project manager identifies a risk event with a 30% probability and a $200,000 potential impact, what is the expected monetary value (EMV)?
- $60,000 (Correct answer)
- $200,000
- $140,000
- $230,000
Correct answer: $60,000
EMV = Probability × Impact = 0.30 × $200,000 = $60,000.
Question 4: Which project management process group involves finalizing all project management activities to formally close a project or phase?
- Monitoring and Controlling
- Executing
- Initiating
- Closing (Correct answer)
Correct answer: Closing
The Closing process group includes obtaining final acceptance, releasing resources, and archiving project records.
Question 5: A subcontractor is consistently delivering materials two days late, causing delays. The MOST appropriate first step for the construction manager is to:
- Immediately terminate the subcontract
- Issue a formal notice of default
- Hold a corrective action meeting to identify the cause and agree on a recovery plan (Correct answer)
- Withhold payment until performance improves
Correct answer: Hold a corrective action meeting to identify the cause and agree on a recovery plan
A corrective action meeting is the appropriate first step to understand root causes and collaborate on a recovery plan before escalating.
Question 6: The primary purpose of a project management information system (PMIS) in construction is to:
- Replace the project management plan
- Provide automated project approval authority
- Collect, integrate, and disseminate project information to support decision-making (Correct answer)
- Eliminate the need for stakeholder communication plans
Correct answer: Collect, integrate, and disseminate project information to support decision-making
A PMIS integrates cost, schedule, and other project data to support timely and informed decision-making by the project team.
Question 7: Which float type describes the amount of time an activity can be delayed without delaying the project's early finish date?
- Free float
- Total float (Correct answer)
- Negative float
- Independent float
Correct answer: Total float
Total float (slack) is the time an activity can be delayed without delaying the overall project completion date.
CCM Project and Program Management 3
The Schedule Performance Index (SPI) for a project is 0.85.
This means the project is: