Civil Engineering PE Project Planning and Estimating 4

Question 1

A contractor uses the 50-50 rule for earned value on in-progress work packages.
If 8 of 20 work packages are complete, 4 are in progress, and 8 have not started, what is the earned value percentage of planned value?

Accepted Answer

45%

Answer

40%

Answer

50%

Answer

55%

Question 2

Fast-tracking a project schedule differs from crashing because fast-tracking:

Accepted Answer

Overlaps activities that were originally planned in sequence

Answer

Adds resources to critical path activities

Answer

Reduces project scope to meet deadlines

Answer

Increases the number of available shifts

Question 3

A project estimate shows a Bid Price of $3,000,000 with a 10% contingency. If the contingency is removed, what is the base estimate?

Accepted Answer

$2,727,273

Answer

$2,700,000

Answer

$2,750,000

Answer

$2,800,000

Question 4

Which type of contract places the greatest financial risk on the owner?

Accepted Answer

Cost plus fixed fee contract

Answer

Lump sum (fixed price) contract

Answer

Guaranteed maximum price contract

Answer

Unit price contract

Question 5

The Schedule Performance Index (SPI) for a project is 0.75. This means the project is:

Accepted Answer

Progressing at 75% of the planned rate

Answer

25% over budget

Answer

75% complete

Answer

25% ahead of schedule

Question 6

When preparing a construction cost estimate, which factor is included in the general conditions (indirect costs) rather than direct costs?

Accepted Answer

Project superintendent salary

Answer

Concrete placement labor

Answer

Structural steel material

Answer

Subcontractor work

Question 7

A project has Total Float = 0 and Free Float = 0 on the critical path. If an activity on the critical path is delayed by 5 days, the project completion date will be delayed by:

Accepted Answer

5 days

Answer

0 days

Answer

Less than 5 days

Answer

More than 5 days