CPC Construction Project Management & Planning 2

Question 1

Which scheduling technique uses probability distributions to account for uncertainty in activity durations?

Accepted Answer

Monte Carlo Simulation

Answer

Monte Carlo Simulation runs thousands of iterations with probabilistic inputs to model schedule uncertainty and produce risk-adjusted completion forecasts.

Question 2

A contractor is preparing a bid for a road project. The project owner has specified a Lump Sum contract. What is the primary risk the contractor assumes?

Accepted Answer

All cost overruns due to quantity variations

Answer

Under a lump sum contract, the contractor bears the risk of quantity variations; if actual quantities exceed estimates, the contractor absorbs the additional cost.

Question 3

What does the term 'float' mean in the context of a project schedule?

Accepted Answer

The amount of time an activity can be delayed without delaying the project completion

Answer

Float (or slack) is the amount of time an activity can be delayed without affecting either the project completion date (total float) or a successor activity's early start (free float).

Question 4

During a project kickoff meeting, the project manager establishes a Work Breakdown Structure (WBS). What is the primary purpose of the WBS?

Accepted Answer

To decompose the project scope into manageable, deliverable-oriented components

Answer

The WBS decomposes the total project scope into smaller, manageable work packages that represent the deliverables, not activities or resources.

Question 5

Which contract delivery method transfers the most design and construction risk to a single entity?

Accepted Answer

Design-Build (DB)

Answer

Under Design-Build, a single entity is responsible for both design and construction, consolidating the majority of project risk in one contract.

(CPC) Certified Professional Constructor Practice Test

(CPC) Certified Professional Constructor Practice Test

CPC Construction Project Management & Planning 2