CM 4221 EXAM COMPREHENSIVE
QUESTIONS AND ANSWERS ALL
CORRECT LATEST 2025 UPDATE.
⫸ If a project has a BCWS of $45,500,000 and a BCWP of $47,500,000 at
the end of the 14th month of the project, what is the status of this project?
Select one:
a. The project is 4% ahead of schedule
b. The project is 4% underbudget
c. The project is 4% behind schedule
d. The project is on schedule and on budget
e. The project is 4% overbudge. Answer: a. The project is 4% ahead of
schedule
⫸ In a WIP report, how do you calculate Revenue Earned?
Select one:
a. Given value, no need to calculate Revenue Earned
b. (Revised Contract Amount) times (Percent Complete)
c. (Cost to Date) divided by (Revised Estimated Costs)
d. (Revised Contract Amount) minus (Revised Estimated Costs)
e. (Billed to Date) minus (Revenue Earned). Answer: b. (Revised Contract
Amount) times (Percent Complete)
,⫸ A tool used by project managers to help control schedule performance is
CPM
Select one:
True
False. Answer: True
⫸ In earned value, if the planned percent complete value is less than the
percent complete value, then the project is ahead of schedule
Select one:
True
False. Answer: True
⫸ The Actual Cost of Work Performed is the Earned Value for a project
Select one:
True
False. Answer: False
⫸ Value engineering typically cheapens the process by lowering costs and
reducing the quality of a function
Select one:
True
False. Answer: false
, ⫸ Value is calculated by dividing the total of function and quality by the
cost
Select one:
True
Fals. Answer: True
⫸ One major barrier to the use of VE on construction projects is that VE is
not required on public or private projects.
Select one:
True
False. Answer: F
⫸ Which value analysis approach listed keeps the function and quality the
same while lowering the cost?
Select one:
a. Cost reduction approach
b. Compound approach
c. Expand growth approach
d. None of these
e. Function increase approach. Answer: a. Cost reduction approach
⫸ What is the definition of a project delivery system?
Select one:
QUESTIONS AND ANSWERS ALL
CORRECT LATEST 2025 UPDATE.
⫸ If a project has a BCWS of $45,500,000 and a BCWP of $47,500,000 at
the end of the 14th month of the project, what is the status of this project?
Select one:
a. The project is 4% ahead of schedule
b. The project is 4% underbudget
c. The project is 4% behind schedule
d. The project is on schedule and on budget
e. The project is 4% overbudge. Answer: a. The project is 4% ahead of
schedule
⫸ In a WIP report, how do you calculate Revenue Earned?
Select one:
a. Given value, no need to calculate Revenue Earned
b. (Revised Contract Amount) times (Percent Complete)
c. (Cost to Date) divided by (Revised Estimated Costs)
d. (Revised Contract Amount) minus (Revised Estimated Costs)
e. (Billed to Date) minus (Revenue Earned). Answer: b. (Revised Contract
Amount) times (Percent Complete)
,⫸ A tool used by project managers to help control schedule performance is
CPM
Select one:
True
False. Answer: True
⫸ In earned value, if the planned percent complete value is less than the
percent complete value, then the project is ahead of schedule
Select one:
True
False. Answer: True
⫸ The Actual Cost of Work Performed is the Earned Value for a project
Select one:
True
False. Answer: False
⫸ Value engineering typically cheapens the process by lowering costs and
reducing the quality of a function
Select one:
True
False. Answer: false
, ⫸ Value is calculated by dividing the total of function and quality by the
cost
Select one:
True
Fals. Answer: True
⫸ One major barrier to the use of VE on construction projects is that VE is
not required on public or private projects.
Select one:
True
False. Answer: F
⫸ Which value analysis approach listed keeps the function and quality the
same while lowering the cost?
Select one:
a. Cost reduction approach
b. Compound approach
c. Expand growth approach
d. None of these
e. Function increase approach. Answer: a. Cost reduction approach
⫸ What is the definition of a project delivery system?
Select one:
