CFM - Certified Facility Manager Project Management 1

Question 1

A facility manager is overseeing a HVAC replacement project that has fallen two weeks behind schedule.
Which project management tool best helps identify which tasks must be accelerated to recover the overall timeline?

Accepted Answer

Critical path method (CPM) analysis

Answer

Gantt chart

Answer

Work breakdown structure (WBS)

Answer

RACI matrix

Question 2

During a large facility renovation, the project manager tracks planned value (PV), earned value (EV), and actual cost (AC). If EV is less than AC, what does this indicate?

Accepted Answer

The project is over budget for the work completed

Answer

The project is ahead of schedule

Answer

The project has a positive cost variance

Answer

The scope has been reduced

Question 3

A facility manager is planning a capital project and must present a document that defines scope, schedule, budget, and stakeholder roles before work begins. What is this document called?

Accepted Answer

Project charter

Answer

Statement of work (SOW)

Answer

Request for proposal (RFP)

Answer

Commissioning plan

Question 4

Which risk response strategy is being used when a facility manager purchases builder's risk insurance for a major construction project?

Accepted Answer

Risk transfer

Answer

Risk avoidance

Answer

Risk mitigation

Answer

Risk acceptance

Question 5

A facility project has a total budget of $500,000 and is 40% complete, but has spent $230,000 to date. What is the cost performance index (CPI)?

Accepted Answer

0.87

Answer

1.15

Answer

0.46

Answer

1.30

Question 6

A facility manager needs to communicate project status to senior executives who want a high-level overview without detailed scheduling data. Which reporting format is most appropriate?

Accepted Answer

Dashboard report with key performance indicators (KPIs)

Answer

Detailed Gantt chart with task-level dependencies

Answer

Full earned value management (EVM) spreadsheet

Answer

Network diagram showing all project activities