CMM Infrastructure & Capital Projects 3

Question 1

A municipality wants to leverage private investment for a new parking garage without taking on debt. Which financing model is MOST appropriate?

Accepted Answer

Public-Private Partnership (P3)

Answer

Public-Private Partnerships allow private entities to finance, build, and operate infrastructure in exchange for revenue streams, reducing municipal debt obligations.

Question 2

What is the primary purpose of a project charter in municipal capital project management?

Accepted Answer

Authorizing the project and defining its objectives, scope, and stakeholders

Answer

A project charter formally authorizes a project, defines its scope and objectives, and identifies key stakeholders and the project manager's authority.

Question 3

Which risk transfer mechanism protects a municipality from a contractor's failure to complete a construction project?

Accepted Answer

Performance bond

Answer

A performance bond is a surety bond that guarantees the contractor will complete the project per contract terms; the surety steps in if the contractor defaults.

Question 4

A city's infrastructure condition assessment gives its roads an average Pavement Condition Index (PCI) of 45. What maintenance strategy is MOST cost-effective?

Accepted Answer

Preventive maintenance on best roads, rehabilitation on fair roads, reconstruction on poorest

Answer

A tiered strategy preserving good roads, rehabilitating fair roads, and reconstructing only the poorest maximizes pavement life per dollar spent.

Question 5

What is a 'shovel-ready' project in the context of federal infrastructure funding programs?

Accepted Answer

A project with completed design, permits, and environmental clearances ready to begin construction

Answer

Shovel-ready projects have completed pre-construction requirements (design, permits, environmental review) and can begin construction immediately upon funding award.

(CMM) Certified Municipal Manager Practice Test

(CMM) Certified Municipal Manager Practice Test

CMM Infrastructure & Capital Projects 3