Project Planning & Scheduling Techniques Flashcards
7 cards from real CPE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Planning & Scheduling Techniques flashcards as text
Which probabilistic scheduling technique uses repeated simulations to model the range of possible project completion dates?
Answer: Monte Carlo Simulation
Monte Carlo Simulation runs thousands of iterations with varied activity durations to produce a probability distribution of project completion dates.
In a Linear Scheduling Method (LSM) or Time-Chainage diagram, the slope of an activity line represents:
Answer: The production rate or velocity of the activity
The slope of a line in a time-chainage diagram represents the rate of production (e.g., meters per day), enabling planners to visualize crew movement along a linear project.
In the context of schedule baseline management, what must occur before a schedule change is formally incorporated into the baseline?
Answer: Approval through the Integrated Change Control process
All changes to the schedule baseline must go through Integrated Change Control (ICC) to ensure changes are reviewed, approved, and documented.
Which type of schedule reserve is held by the project manager to address identified risks?
Answer: Contingency Reserve
Contingency Reserve is allocated by the project manager for known-unknown risks identified during risk analysis, while Management Reserve is for unknown-unknowns.
What is the primary benefit of using the Critical Chain Method (CCM) over CPM?
Answer: It addresses resource dependencies and student syndrome by using project and feeding buffers
CCM accounts for resource constraints and human behavior (Parkinson's Law, student syndrome) by removing individual task buffers and replacing them with project and feeding buffers.
A Finish-to-Finish (FF) relationship with a lag of 5 days means:
Answer: The successor cannot finish until 5 days after the predecessor finishes
An FF+5 relationship requires the successor activity to finish no earlier than 5 days after the predecessor's finish date.
During schedule development, 'Analogous Estimating' is most appropriate when:
Answer: Limited information is available and a quick, rough estimate is needed
Analogous estimating uses historical data from similar past projects as a reference when detailed information is scarce, making it fast but less accurate.