AFE AFE Project Management & Capital Planning

Question 1

Which project delivery method gives the owner the most control over design decisions during a facilities construction project?

Accepted Answer

Design-Bid-Build

Answer

Design-Build

Answer

Construction Management at Risk

Answer

Integrated Project Delivery

Question 2

What is the primary purpose of a facilities capital needs assessment (CNA)?

Accepted Answer

To document existing conditions and project future repair or replacement costs

Answer

To approve annual operating budgets

Answer

To hire new facilities staff

Answer

To evaluate energy consumption rates

Question 3

In facilities project management, what does the term 'scope creep' refer to?

Accepted Answer

Uncontrolled expansion of project requirements beyond the original scope

Answer

A formal change order process

Answer

A reduction in project budget

Answer

A delay in project schedule caused by weather

Question 4

Which cost estimation method is typically used in the earliest stages of a facilities capital project when design details are not yet available?

Accepted Answer

Parametric estimate

Answer

Unit price estimate

Answer

Detailed quantity takeoff

Answer

Bid-based estimate

Question 5

What is the primary function of a project charter in facilities project management?

Accepted Answer

To formally authorize the project and define its objectives and stakeholders

Answer

To document final project costs

Answer

To list all subcontractors

Answer

To track daily construction progress

Question 6

When evaluating capital projects, Facilities Engineers often use a 'payback period' calculation. What does this metric measure?

Accepted Answer

The time required for project savings or revenues to recover the initial investment

Answer

The total lifetime cost of owning an asset

Answer

The net present value of future cash flows

Answer

The internal rate of return on the investment