Civil Engineering PE Project Planning and Estimating 5

Question 1

A highway project estimate uses parametric estimating at $2.5 million per lane-mile. For a 4-lane, 8-mile project, what is the estimated cost?

Accepted Answer

$80 million

Answer

$20 million

Answer

$40 million

Answer

$32 million

Question 2

The Estimate to Complete (ETC) using the typical EVM formula assuming past CPI will continue is:

Accepted Answer

ETC = (BAC - EV) / CPI

Answer

ETC = BAC - EV

Answer

ETC = AC + BAC - EV

Answer

ETC = BAC / CPI

Question 3

A construction manager uses the S-curve on a project. What does the S-curve represent?

Accepted Answer

Cumulative planned versus actual cost or work over time

Answer

Risk probability plotted against impact

Answer

Activity relationships in a network diagram

Answer

Resource histogram showing daily labor needs

Question 4

Which procurement strategy is best suited for a complex project where the scope cannot be fully defined at the outset?

Accepted Answer

Cost reimbursable contract

Answer

Lump sum turnkey contract

Answer

Design-build delivery method

Answer

Competitive sealed bid

Question 5

In resource leveling, the primary goal is to:

Accepted Answer

Eliminate resource over-allocations while minimizing schedule impact

Answer

Shorten the project schedule duration

Answer

Increase total project cost to improve quality

Answer

Add resources to the critical path activities

Question 6

A bid bond submitted with a construction bid typically guarantees that the bidder will:

Accepted Answer

Enter into a contract and provide performance/payment bonds if awarded

Answer

Complete the project within the bid price

Answer

Pay all subcontractors and suppliers

Answer

Maintain the bid price for 90 days after award

Question 7

The critical chain project management method differs from CPM primarily because it:

Accepted Answer

Accounts for resource constraints and uses buffers rather than individual activity float

Answer

Uses three-point duration estimates for all activities

Answer

Requires a fully resourced schedule before sequencing activities

Answer

Eliminates the need for a network diagram