CPRE Capital Improvement Planning and Asset Management 4

Question 1

Which asset management metric measures the ratio of current replacement value to original cost, helping agencies assess infrastructure inflation over time?

Accepted Answer

Replacement Cost Index (RCI)

Answer

The Replacement Cost Index compares current replacement value to original cost, reflecting how much infrastructure costs have increased due to inflation.

Question 2

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?

Accepted Answer

Schedule a condition assessment and plan for replacement in the capital budget 5–7 years out

Answer

Mid-life assets should be condition-assessed and programmed into the capital budget ahead of end-of-life to avoid emergency replacement costs.

Question 3

In a capital improvement plan (CIP), which funding source is typically the most flexible for park agencies undertaking major infrastructure projects?

Accepted Answer

General obligation bonds approved by voters

Answer

General obligation bonds, once voter-approved, provide broad flexibility for agencies to address a wide range of capital needs.

Question 4

What does a 'deferred maintenance backlog' represent in park asset management?

Accepted Answer

Accumulated maintenance work that has been postponed beyond its optimal timing

Answer

Deferred maintenance backlog is the cumulative cost of maintenance work that was not performed when needed, often growing exponentially over time.

Question 5

When evaluating capital project proposals for a CIP, which prioritization criterion is most closely aligned with ensuring equitable service delivery?

Accepted Answer

Geographic distribution and demographic access to facilities

Answer

Equity-focused prioritization examines whether capital investments are distributed fairly across communities, especially underserved populations.

CPRE - Certified Park and Recreation Executive Practice Test

CPRE - Certified Park and Recreation Executive Practice Test

CPRE Capital Improvement Planning and Asset Management 4