CPE Project Baseline & Change Management 2

Question 1

Which of the following changes would typically require a formal baseline change rather than being absorbed within existing management reserve?

Accepted Answer

A customer-directed addition of a significant new deliverable

Answer

A minor rework due to a quality inspection failure

Answer

A small cost overrun on a single work package

Answer

A one-week weather delay on a non-critical path activity

Question 2

What is the difference between a 'baseline change' and a 'replan' in project controls?

Accepted Answer

A baseline change updates the authorized budget; a replan redistributes budget within the same authorized total

Answer

A replan increases the total project budget; a baseline change does not

Answer

They are interchangeable terms for the same activity

Answer

A baseline change is informal; a replan requires formal approval

Question 3

In an Earned Value Management system, which baseline element defines WHEN work is planned to be accomplished?

Accepted Answer

Time-Phased Budget (BCWS/PV)

Answer

Budget at Completion (BAC)

Answer

Estimate at Completion (EAC)

Answer

Estimate to Complete (ETC)

Question 4

A project manager discovers that field engineers have been incorporating owner-requested changes without issuing change orders. What is the MOST serious consequence of this practice?

Accepted Answer

The contractor may lose entitlement to additional compensation and time

Answer

The project schedule will automatically be updated in the system

Answer

The owner will be required to issue a formal apology to the contractor

Answer

Management reserves will be automatically released to cover the extra work

Question 5

What is a 'Change Control Board' (CCB)?

Accepted Answer

A group of stakeholders authorized to approve or reject change requests

Answer

A government regulatory body that approves construction permits

Answer

A software tool used to track project changes automatically

Answer

A committee that reviews only cost-related project changes

Question 6

Which of the following BEST describes an 'undistributed budget' (UB) in project controls?

Accepted Answer

Authorized budget not yet assigned to specific control accounts or work packages

Answer

Budget held in reserve for unidentified future risks

Answer

Overspent budget that has not been reported to management

Answer

Budget remaining after all work has been completed

Question 7

What is the primary reason for maintaining a 'frozen' or locked baseline rather than continuously updating it?

Accepted Answer

To provide a stable reference point that enables meaningful performance measurement

Answer

To prevent project managers from making any schedule adjustments

Answer

To reduce the workload of project control personnel

Answer

To satisfy contract requirements for fixed-price projects only