Project Planning and Management Flashcards
7 cards from real STEAMFITTER practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Planning and Management flashcards as text
Which contract type provides the greatest cost certainty for an owner on a steamfitting project?
Answer: Lump-sum (fixed-price) contract
A lump-sum contract fixes the total price for a defined scope, giving the owner maximum cost certainty.
When preparing a project schedule, what is the purpose of identifying task dependencies?
Answer: To establish the logical sequence in which tasks must be performed
Task dependencies define the logical relationships between activities, ensuring the schedule reflects the correct order of work.
A steamfitting project manager is using the Percent Complete method to report progress. A spool of piping is 50% installed. What does this mean for earned value calculations?
Answer: The task's earned value equals 50% of its budgeted cost
In earned value management, a task that is 50% complete has earned 50% of its budgeted cost of work scheduled (BCWS).
What is the primary purpose of holding weekly project progress meetings on a steamfitting project?
Answer: To monitor status, identify issues early, coordinate between trades, and update the schedule
Regular progress meetings keep all stakeholders aligned on status, surface problems early, and coordinate the work of multiple trades.
On a piping project, a 'look-ahead schedule' (typically 3-6 weeks) is used to:
Answer: Plan near-term work, confirm material and labor availability, and prevent schedule surprises
A look-ahead schedule focuses on the near-term horizon to ensure materials, labor, and access are ready so upcoming work proceeds without interruption.
When a steamfitting subcontractor submits a schedule of values, what does this document represent?
Answer: A breakdown of the contract price allocated to specific work items, used as the basis for progress billings
The schedule of values allocates the contract sum among the work items, serving as the basis for monthly progress payment applications.
Which risk response strategy involves reducing the probability or impact of a negative project risk?
Answer: Risk mitigation
Risk mitigation involves taking action to reduce either the likelihood of a risk occurring or its impact if it does occur.