CAM CAM Schedule Management & Control 1 — Questions and Answers
Question 1: What is the primary purpose of a schedule baseline in Control Account Management?
- To track actual costs incurred
- To provide an approved reference for measuring schedule performance (Correct answer)
- To allocate resources across work packages
- To document risks associated with the schedule
Correct answer: To provide an approved reference for measuring schedule performance
The schedule baseline is the approved version of the project schedule used to measure and report schedule performance.
Question 2: Which schedule metric indicates whether a project is ahead of or behind its planned schedule?
- Cost Variance (CV)
- Schedule Variance (SV) (Correct answer)
- Cost Performance Index (CPI)
- Budget at Completion (BAC)
Correct answer: Schedule Variance (SV)
Schedule Variance (SV = EV – PV) measures whether the project is ahead of or behind the planned schedule.
Question 3: What does a Schedule Performance Index (SPI) value of 0.85 indicate?
- The project is 15% over budget
- The project is performing at 85% of the planned schedule rate (Correct answer)
- The project has completed 85% of its work
- The project is 15% ahead of schedule
Correct answer: The project is performing at 85% of the planned schedule rate
An SPI of 0.85 means the project is accomplishing only 85 cents of work for every dollar of scheduled work, indicating it is behind schedule.
Question 4: In EVMS, what is the role of the Integrated Master Schedule (IMS)?
- To document all project costs
- To provide a networked schedule linking all project work to milestones and deliverables (Correct answer)
- To track subcontractor payments
- To define the organizational breakdown structure
Correct answer: To provide a networked schedule linking all project work to milestones and deliverables
The IMS is a networked, time-phased schedule that integrates all project tasks, milestones, and deliverables to support EVMS reporting.
Question 5: Which technique is used to identify the longest path through a project schedule network?
- Critical Ratio Method
- Earned Schedule technique
- Critical Path Method (CPM) (Correct answer)
- Resource Leveling
Correct answer: Critical Path Method (CPM)
The Critical Path Method (CPM) identifies the longest sequence of dependent tasks that determines the minimum project duration.
Question 6: What is 'float' (slack) in project schedule management?
- Extra budget reserved for schedule risks
- The amount of time an activity can be delayed without delaying the project end date (Correct answer)
- The difference between planned and actual costs
- The number of resources assigned to critical tasks
Correct answer: The amount of time an activity can be delayed without delaying the project end date
Float (or slack) is the amount of time a non-critical task can be delayed without impacting the overall project completion date.
CAM CAM Schedule Management & Control 1
What is the primary purpose of a schedule baseline in Control Account Management?