CST Cost-Loaded Schedule Integration 2

Question 1

In a cost-loaded schedule, what does the Performance Measurement Baseline (PMB) represent?

Accepted Answer

The time-phased budget plan against which project performance is measured

Answer

The PMB is the time-phased budget baseline that integrates scope, schedule, and cost, serving as the reference for measuring earned value performance.

Question 2

When a cost-loaded schedule shows a Schedule Variance (SV) of -$50,000, what does this indicate?

Accepted Answer

The project is $50,000 behind schedule in cost terms

Answer

A negative SV (EV minus PV) means the project has accomplished less work value than was planned at that point in time.

Question 3

Which resource type is most commonly used as the basis for cost-loading a construction schedule?

Accepted Answer

Labor hours converted to dollars

Answer

Labor hours multiplied by loaded labor rates are the most common basis for cost-loading because labor drives the majority of direct project costs.

Question 4

A project has a BAC of $1,000,000 and a CPI of 0.80. What is the Estimate at Completion (EAC) using the CPI-based formula?

Accepted Answer

$1,250,000

Answer

EAC = BAC ÷ CPI = $1,000,000 ÷ 0.80 = $1,250,000, projecting overrun if current cost efficiency continues.

Question 5

In cost-loaded scheduling, 'front-loading' of costs refers to what practice?

Accepted Answer

Inflating early activity budgets to improve early cash flow

Answer

Front-loading intentionally shifts budget weight to early activities, often to improve contractor cash flow at the owner's expense.

(CST) Certified Scheduling Technician Practice Test

(CST) Certified Scheduling Technician Practice Test

CST Cost-Loaded Schedule Integration 2