CEP Project Management & Scheduling 5

Question 1

Which scheduling technique is most appropriate during early project phases when full design details are not yet available but a milestone-level timeline is required?

Accepted Answer

Rolling wave planning with milestone schedule

Answer

Rolling wave planning allows early phases to be planned in detail while future phases are represented at a summary or milestone level, progressively elaborated as information becomes available.

Question 2

A Schedule Variance (SV) of −$50,000 on a construction project means:

Accepted Answer

The project is $50,000 worth of work behind the planned schedule

Answer

Schedule Variance (SV = EV − PV) of −$50,000 means $50,000 less work has been earned than was planned, indicating schedule slippage measured in cost terms.

Question 3

In project scheduling, the 'hammock activity' is best described as:

Accepted Answer

A summary activity that spans between two specific points in the schedule and derives its duration from those points

Answer

A hammock activity is a summary task whose duration is determined by the start of its first dependent activity and the finish of its last dependent activity.

Question 4

When reviewing a contractor's schedule for a large construction project, an owner's estimator should verify that the schedule includes adequate time for which activity that is often underestimated?

Accepted Answer

Equipment delivery and owner-furnished material procurement lead times

Answer

Long-lead procurement for equipment and owner-furnished materials is frequently underestimated and can delay construction if not incorporated with accurate lead times in the schedule.

Question 5

Which document formally authorizes the project and provides the project manager with authority to apply organizational resources to project activities?

Accepted Answer

Project Charter

Answer

The Project Charter formally authorizes the project's existence and grants the project manager the authority needed to commit resources to project work.

(CEP) Certified Estimating Professional Practice Test

(CEP) Certified Estimating Professional Practice Test

CEP Project Management & Scheduling 5