AFE Project Management & Capital Planning Flashcards
6 cards from real AFE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 AFE Project Management & Capital Planning flashcards as text
Which scheduling technique identifies the longest sequence of dependent tasks that determines the minimum project duration?
Answer: Critical Path Method (CPM)
The Critical Path Method identifies the sequence of tasks with zero float whose total duration determines the earliest possible project completion date.
In facilities lifecycle cost analysis, which cost category typically represents the largest portion of total costs over a building's lifespan?
Answer: Operations and maintenance costs
Operations and maintenance costs over a building's 30–50 year lifespan typically far exceed initial construction costs, often by a factor of three or more.
What is the purpose of a Facilities Condition Index (FCI)?
Answer: To provide a standardized metric for comparing the relative condition of facilities
The FCI is calculated as deferred maintenance costs divided by current replacement value, providing a normalized measure of facility condition across a portfolio.
A facilities project manager uses 'earned value management' (EVM). What does the Schedule Performance Index (SPI) measure?
Answer: The ratio of earned value to planned value, indicating schedule efficiency
SPI equals earned value divided by planned value; a value below 1.0 indicates the project is behind schedule relative to the work accomplished.
When planning a major renovation to an occupied facility, which strategy best minimizes disruption to building occupants?
Answer: Phasing work by area or floor and coordinating shutdowns during off-hours
Phasing renovation work and scheduling noisy or disruptive activities during off-hours or weekends minimizes impact on occupants while maintaining productivity.
Which document formally establishes the agreed-upon scope, schedule, and budget baseline against which project performance is measured?
Answer: Project Management Plan (PMP)
The Project Management Plan documents the approved baseline for scope, schedule, and cost and serves as the reference point for measuring and managing performance.