Question 1

The purpose(s) of front-end loading and weighting is (are) to ???

Accepted Answer

A)   Offset project mobilization costs
B)   Offset owner retainage
C)   Improve contractor cash flow
D)   All of the above D

Question 2

As a project is crashed from its normal duration to its optimal duration, ????.

Accepted Answer

A)   The project's indirect cost is reduced
B)   The project's direct cost is reduced
C)   The duration of the project increases
D)   Additional float is created
E)   None of the above A

Question 3

Which curve listed would best serve as the basis of a contractor's accounts receivable (A/R)?

Accepted Answer

A)   Cost
B)   Production
C)   Schedule of values
D)   Income
E)   Cash requirements D

Question 4

As quality expenditures increase, the value to the owner increases, but at a decreasing rate.

Accepted Answer

A) True 
 B)False

Question 5

How can a project manager compress a schedule?

Accepted Answer

A)   Revise the schedules logic
B)   Use overtime
C)   Use substitute materials or equipment
D)   Increase crew size
E)   All of the above

Question 6

Value engineering is a creative, organized approach whose objective is to minimize cost and/or maximize performance of a facility or system.

Accepted Answer

A) True 
 B)False

Question 7

The ????schedule is used as a primary performance model in the derivation of all control curves.

Accepted Answer

A)   Bar chart
B)   CPM
C)   Matrix
D)   Horse blanket
E)   All of the above

Question 8

A project control system should isolate and control in detail those elements with the greatest impact on final cost.

Accepted Answer

A) True 
 B)False

Question 9

Cost control can be approached as an application of Pareto's law, which states that ???? percent of the project's outcome is determined by ????percent of the included elements .

Accepted Answer

A)    50;5050 ; 5050;50 
B)    80;2080 ; 2080;20 
C)    25;7525 ; 7525;75 
D)    50;6050 ; 6050;60 
E)    100;25100 ; 25100;25

Question 10

Cost control is a form of cost accounting.

Accepted Answer

A) True 
 B)False

Exam 11: Controlling Project Cost, Time, and Quality

The purpose(s) of front-end loading and weighting is (are) to ???

As a project is crashed from its normal duration to its optimal duration, ????.

Which curve listed would best serve as the basis of a contractor's accounts receivable (A/R) ?

As quality expenditures increase, the value to the owner increases, but at a decreasing rate.

How can a project manager compress a schedule?

Value engineering is a creative, organized approach whose objective is to minimize cost and/or maximize performance of a facility or system.

The ????schedule is used as a primary performance model in the derivation of all control curves.

A project control system should isolate and control in detail those elements with the greatest impact on final cost.

Cost control can be approached as an application of Pareto's law, which states that ???? percent of the project's outcome is determined by ????percent of the included elements .

Cost control is a form of cost accounting.