CPL Budget & Resource Management Flashcards
6 cards from real CPL practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CPL Budget & Resource Management flashcards as text
In program management, what is the primary purpose of a benefits realization plan in relation to resource allocation?
Answer: To link resource investments to expected organizational benefits over time
The benefits realization plan connects resource expenditures to expected benefits, ensuring investments are tracked against the value they are intended to deliver.
Which of the following is the BEST indicator that a program's resource management is effective?
Answer: Resource demand is aligned with supply across the program lifecycle
Effective resource management ensures that resource demand is matched by resource supply throughout the program, avoiding both over-allocation and idle time.
A program manager is preparing a budget for a multi-year program with significant uncertainty in later phases. Which estimating approach is MOST appropriate?
Answer: Rolling wave planning with detailed near-term and high-level later-phase estimates
Rolling wave planning provides detailed estimates for imminent work and high-level estimates for future phases, refining them as more information becomes available.
When a program component project requires a critical resource that is currently allocated to another component, what is the FIRST step a program manager should take?
Answer: Assess the impact on both components and facilitate a prioritization discussion
The program manager should first assess the impact on both components and then facilitate a structured prioritization discussion with relevant stakeholders before escalating or acting.
Which program document provides the overarching framework for how costs will be estimated, budgeted, managed, and controlled throughout the program?
Answer: The cost management plan
The cost management plan establishes policies, procedures, and documentation for planning, managing, and controlling program costs throughout its lifecycle.
A schedule performance index (SPI) of 1.15 on a program component indicates:
Answer: The component is ahead of schedule
An SPI greater than 1.0 means more work has been completed than was planned for this point in time, indicating the component is ahead of schedule.