Project Planning and Management Flashcards
7 cards from real CRE practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 7 Project Planning and Management flashcards as text
Which risk assessment tool uses a matrix to prioritize risks based on probability and severity?
Answer: Risk priority matrix
A risk priority matrix plots probability against severity to rank risks so resources can be directed toward the highest-priority items.
In project management, what does the term 'scope creep' refer to?
Answer: Uncontrolled expansion of project requirements beyond original boundaries
Scope creep is the uncontrolled addition of features or requirements without corresponding adjustments to time, cost, or resources.
A reliability engineer is estimating total project cost including uncertainties. Which technique uses three-point estimates to calculate expected cost?
Answer: PERT estimating
PERT (Program Evaluation and Review Technique) uses optimistic, most likely, and pessimistic estimates to compute a weighted average expected value.
Which project scheduling technique identifies all tasks that directly impact the project completion date?
Answer: Critical path method
The Critical Path Method (CPM) identifies the longest sequence of dependent tasks, determining the minimum project duration.
During a reliability project, a change control board (CCB) is established. What is its primary purpose?
Answer: Evaluate and approve changes to project scope, schedule, or cost baseline
A CCB formally reviews and authorizes changes to project baselines, ensuring modifications are evaluated for impact before implementation.
What does the Schedule Performance Index (SPI) value of 0.85 indicate?
Answer: The project is completing only 85 cents of planned work per dollar of scheduled work
An SPI below 1.0 means the project is behind schedule, earning less value than planned for the elapsed time.
Which document formally authorizes a reliability improvement project and identifies the project manager?
Answer: Project charter
The project charter is the official document that authorizes the project, names the project manager, and outlines high-level objectives and constraints.