Project and Program Management Flashcards

The Schedule Performance Index (SPI) for a project is 0.85. This means the project is:

Answer: Running behind schedule

An SPI less than 1.0 (SPI = BCWP/BCWS) indicates the project is behind schedule, accomplishing less work than planned.

In construction project management, a 'baseline' schedule serves primarily to:

Answer: Provide an approved reference point against which actual progress is measured

The baseline schedule is the approved version of the project schedule used to track and measure performance throughout execution.

When a project manager identifies a risk event with a 30% probability and a $200,000 potential impact, what is the expected monetary value (EMV)?

Answer: $60,000

EMV = Probability × Impact = 0.30 × $200,000 = $60,000.

Which project management process group involves finalizing all project management activities to formally close a project or phase?

Answer: Closing

The Closing process group includes obtaining final acceptance, releasing resources, and archiving project records.

A subcontractor is consistently delivering materials two days late, causing delays. The MOST appropriate first step for the construction manager is to:

Answer: Hold a corrective action meeting to identify the cause and agree on a recovery plan

A corrective action meeting is the appropriate first step to understand root causes and collaborate on a recovery plan before escalating.

The primary purpose of a project management information system (PMIS) in construction is to:

Answer: Collect, integrate, and disseminate project information to support decision-making

A PMIS integrates cost, schedule, and other project data to support timely and informed decision-making by the project team.

Which float type describes the amount of time an activity can be delayed without delaying the project's early finish date?

Answer: Total float

Total float (slack) is the time an activity can be delayed without delaying the overall project completion date.