CPE CPE Project Scheduling & Time Management

Question 1

Why is project schedule directly relevant to a CPE estimator's work?

Accepted Answer

Duration affects time-related costs such as general conditions, equipment rental, and financing

Answer

Schedules determine the owner's financing rate only

Answer

Schedules are prepared only by project managers, not estimators

Answer

Schedule has no impact on material pricing

Question 2

What is the 'critical path' in a construction schedule?

Accepted Answer

The longest sequence of dependent activities that determines project duration

Answer

The main access road to the job site

Answer

The path trucks use to deliver materials

Answer

The shortest route through the project network

Question 3

General conditions costs (site superintendent, trailer, portable toilets, temporary utilities) are most accurately estimated by:

Accepted Answer

Calculating a monthly rate and multiplying by scheduled project duration

Answer

A fixed percentage of direct costs regardless of duration

Answer

Using last project's lump sum

Answer

Applying a regional cost index

Question 4

Which scheduling method uses arrows to represent activities and nodes to represent events?

Accepted Answer

Critical Path Method (CPM) — Activity on Arrow (AOA)

Answer

Gantt chart

Answer

Resource-loaded schedule

Answer

Line of balance

Question 5

A CPE estimator notices that the schedule calls for steel erection starting December 1 in Chicago. What cost adjustment is likely needed?

Accepted Answer

Winter protection and heating costs should be added to the estimate

Answer

No adjustment — steel erection is weather-independent

Answer

Reduce labor costs due to shorter days

Answer

Eliminate concrete work only

Question 6

What does 'float' (or slack) mean in project scheduling?

Accepted Answer

The number of days an activity can be delayed without extending the project end date

Answer

The amount of water used on site

Answer

Profit margin above direct costs

Answer

The variance between bid and actual cost