Capital Improvement Planning and Asset Management Flashcards
7 cards from real CPRE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Capital Improvement Planning and Asset Management flashcards as text
Which asset management metric measures the ratio of current replacement value to original cost, helping agencies assess infrastructure inflation over time?
Answer: Replacement Cost Index (RCI)
The Replacement Cost Index compares current replacement value to original cost, reflecting how much infrastructure costs have increased due to inflation.
A park agency discovers its playground equipment has a useful life of 15 years but the facilities are only 8 years old. What is the most appropriate asset management action?
Answer: Schedule a condition assessment and plan for replacement in the capital budget 5–7 years out
Mid-life assets should be condition-assessed and programmed into the capital budget ahead of end-of-life to avoid emergency replacement costs.
In a capital improvement plan (CIP), which funding source is typically the most flexible for park agencies undertaking major infrastructure projects?
Answer: General obligation bonds approved by voters
General obligation bonds, once voter-approved, provide broad flexibility for agencies to address a wide range of capital needs.
What does a 'deferred maintenance backlog' represent in park asset management?
Answer: Accumulated maintenance work that has been postponed beyond its optimal timing
Deferred maintenance backlog is the cumulative cost of maintenance work that was not performed when needed, often growing exponentially over time.
When evaluating capital project proposals for a CIP, which prioritization criterion is most closely aligned with ensuring equitable service delivery?
Answer: Geographic distribution and demographic access to facilities
Equity-focused prioritization examines whether capital investments are distributed fairly across communities, especially underserved populations.
A park agency is using a Geographic Information System (GIS) for asset management. What is the primary advantage of this approach?
Answer: It enables spatial analysis of asset location, condition, and service coverage gaps
GIS allows agencies to visually map assets alongside demographic and service data, identifying gaps and informing capital investment decisions spatially.
Which approach best describes 'life-cycle costing' as applied to park facility capital decisions?
Answer: Evaluating total costs including design, construction, operations, maintenance, and eventual replacement over the asset's full life
Life-cycle costing accounts for all costs from inception through disposal, helping agencies make informed decisions beyond just upfront capital costs.