Project Management Flashcards

Which risk analysis technique runs thousands of simulated iterations to estimate the probability of completing a solar project by a target date?

Answer: Monte Carlo simulation

Monte Carlo simulation uses probability distributions for durations to produce a range of likely completion dates.

An owner requests adding battery storage to a PV project after the EPC contract is signed. How should this scope change be formalized?

Answer: A signed change order adjusting scope, price, and schedule

A change order formally amends the contract scope, price, and schedule after both parties agree.

In the U.S., interconnection of large generators to the transmission system is governed by procedures under the jurisdiction of which federal agency?

Answer: FERC

FERC regulates interconnection to interstate transmission, for example through Order No. 2023 queue reforms.

What does a punch list represent near the end of solar construction?

Answer: Remaining incomplete or deficient items that must be corrected before final completion

A punch list captures minor outstanding or defective work identified during walkdowns before final acceptance.

Which resource-optimization technique adjusts start dates to resolve over-allocation of electricians and may extend the critical path?

Answer: Resource leveling

Resource leveling resolves resource conflicts and can change the critical path, while smoothing stays within float.

A solar project's estimate at completion is calculated as EAC = BAC / CPI. If BAC = $8M and CPI = 0.8, what is the EAC?

Answer: $10.0M

EAC = $8M / 0.8 = $10M, assuming current cost performance continues.

Which project document records identified risks, their probability, impact, owners, and planned responses for a solar build?

Answer: Risk register

The risk register tracks potential future events and how the team plans to respond to them.