CCM - Certified Construction Manager Construction Cost and Time Management Questions and Answers

Question 1

A construction manager is analyzing a project's performance and finds that the Cost Performance Index (CPI) is 0.90 and the Schedule Performance Index (SPI) is 1.10.
Which of the following statements accurately interprets these values?

Accepted Answer

The project is over budget and ahead of schedule.

Answer

The project is over budget and behind schedule.

Answer

The project is under budget and ahead of schedule.

Answer

The project is under budget and behind schedule.

Question 2

A project is facing a critical deadline that cannot be extended. The construction manager decides to authorize overtime for craft labor on critical path activities and procure additional high-capacity equipment to shorten their durations. This schedule compression technique is known as:

Accepted Answer

Crashing

Answer

Resource Leveling

Answer

Fast-Tracking

Answer

Resource Smoothing

Question 3

During the development of a project schedule, the construction manager identifies that a key trade crew is over-allocated for a two-week period, exceeding their available hours. To resolve this, the manager adjusts the start dates of several non-critical activities to a later time within their available float. This action is best described as:

Accepted Answer

Resource Smoothing

Answer

Crashing the schedule

Answer

Critical Path Analysis

Answer

Fast-Tracking the project

Question 4

A construction manager is preparing a cost estimate for a complex renovation project with many unknown subsurface conditions. To account for potential unforeseen costs, a specific amount of money is included in the budget. This budgeted amount for identified and quantified risks is known as:

Accepted Answer

Contingency

Answer

Profit Margin

Answer

Management Reserve

Answer

Allowance

Question 5

Which of the following is the primary purpose of identifying the Critical Path in a construction project schedule?

Accepted Answer

To identify the sequence of activities that determines the shortest possible project duration.

Answer

To determine the activities with the most available float.

Answer

To calculate the total project budget.

Answer

To allocate resources evenly across all project activities.

Question 6

A construction manager must shorten the project schedule but has a very limited budget for additional costs. The manager revises the schedule to perform the mechanical and electrical rough-in work simultaneously in different areas of the building, whereas the original plan was to complete them sequentially. This is a classic example of:

Accepted Answer

Fast-Tracking

Answer

Scope Creep

Answer

Value Engineering

Answer

Crashing

A construction manager is analyzing a project's performance and finds that the Cost Performance Index (CPI) is 0.90 and the Schedule Performance Index (SPI) is 1.10.Which of the following statements accurately interprets these values?

A construction manager is analyzing a project's performance and finds that the Cost Performance Index (CPI) is 0.90 and the Schedule Performance Index (SPI) is 1.10.
Which of the following statements accurately interprets these values?