CFM EXAM BOOTCAMP & TEST CFM GUIDE

CFM Exam Bootcamp & Test CFM Guide

CFM Exam Bootcamp & Test CFM Guide

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Tags: CFM Exam Bootcamp, Test CFM Guide, CFM Exam Flashcards, Valid Exam CFM Vce Free, Latest CFM Dumps Ebook

Almost every Certified Facility Manager (CFM) test candidate nowadays is confused about the Certified Facility Manager (CFM) study material. They don't know where to download updated CFM questions that can help them prepare quickly for the Certified Facility Manager (CFM) test. Some rely on outdated Certified Facility Manager (CFM) questions and suffer from the loss of money and time.

IFMA CFM Exam Syllabus Topics:

TopicDetails
Topic 1
  • Occupancy and Human Factors: This section measures the skills of Facility Managers and covers the workplace environment, occupant services, and occupant health, safety, and security. Understanding these factors is essential for creating a conducive and safe work environment for all occupants. Operations and Maintenance: This domain assesses the capabilities of Operations Managers in managing buildings, systems, infrastructure, and grounds. It includes overseeing furniture, fixtures, and equipment, ensuring physical safety and security, and implementing effective operations and maintenance processes. Knowledge of work management support systems and handling renewals and renovations is also critical.
Topic 2
  • Finance and Business: This section measures the skills of Financial Managers in operational and capital budgeting processes. It includes evidence-based decision-making processes, procurement strategies, contracting practices, financial analysis, and reporting to ensure sound financial management within facilities.
Topic 3
  • Risk Management: This section measures the skills of Risk Managers in planning for risk management. It includes emergency preparedness, response, recovery strategies, facility resilience, and business continuity planning to mitigate potential risks associated with facility operations.
Topic 4
  • Facility Information Management and Technology Management: This domain focuses on the skills of Information Technology Managers in data collection and information management. It includes information protection and cybersecurity, technology needs assessment and implementation, and maintenance and upgrades of technology systems to ensure efficient operations.
Topic 5
  • Leadership and Strategy: This domain focuses on the competencies of Facility Managers in strategic planning and alignment with organizational demands. It covers policies, procedures, compliance issues, individual and team management, leadership qualities, relationship management, change management, corporate social responsibility, and understanding external factors affecting facility management.
Topic 6
  • Project Management: This section focuses on the planning and design phases of projects. It includes execution and delivery processes along with evaluation techniques to ensure successful project outcomes within facility management contexts.

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IFMA Certified Facility Manager Sample Questions (Q128-Q133):

NEW QUESTION # 128
What is a reason to invest in real estate?

  • A. Capital depreciation.
  • B. Capital appreciation.
  • C. Sales tax advantage.
  • D. Irregular return.

Answer: B

Explanation:
Capital appreciationis a primary reason to invest in real estate, as property values tend to increase over time due to:
* Market demand and location benefits.
* Inflation and economic growth.
* Improvements and development projects that enhance property value.
* Why the other options are incorrect:
* (A) Sales tax advantagesare not a primary investment driver.
* (C) Irregular returnsintroduce uncertainty, which is not a strategic reason for investment.
* (D) Capital depreciationoccurs due to asset wear and tear but does not justify investment.


NEW QUESTION # 129
What action should be completed first when developing a real estate master plan?

  • A. Review the strategic plan
  • B. Perform highest and best use studies
  • C. Perform an environmental review
  • D. Meet with key stakeholders

Answer: A

Explanation:
TheIFMA Real Estate and Property Managementcompetency stresses thatalignment with strategic objectives is the first step in planning.
* Reviewing the strategic plan (B)ensures real estate decisionssupport business goals.
* Stakeholder meetings (C)comeafter initial alignmentwith strategy.
* Environmental reviews (A) and best-use studies (D)aresubsequent steps.
Astrategically aligned real estate master plan optimizes asset value, operational efficiency, and long- term growth.


NEW QUESTION # 130
A project sponsor indicates that a project should build a facility at the lowest cost, in the least time, and with the highest quality. What should the project manager do?

  • A. Work with the sponsor to refine the project charter with more feasible constraints
  • B. Implement the project with the given constraints, as instructed by the project sponsor
  • C. Inform the project sponsor that the project cannot proceed with the given constraints
  • D. Inform the project sponsor that a lower-quality project will be provided

Answer: A

Explanation:
Project management follows theiron triangleprinciple-balancingcost, time, and quality. A project cannot maximize all threesimultaneously without trade-offs.
* The best approach is towork with the sponsorto adjust expectationsrealisticallywithin feasible constraints.
* Implementing the project as instructed (Option B)could result in failure due to unrealistic goals.
* Lowering quality (Option C)without stakeholder agreement is unprofessional and risks dissatisfaction.
* Cancelling the project outright (Option D)should be a last resort. Instead, negotiation andadjustment are preferred.


NEW QUESTION # 131
A facility manager is investigating the feasibility of purchasing a new gas-fired turbine. The turbine is expected to be in service for 12 years. The vice president of operations asked the facility manager to calculate how much the turbine will diminish in value each year over its service life. What isbeing calculated?

  • A. Payback period
  • B. Life cycle cost
  • C. Diminishing return
  • D. Depreciation

Answer: D

Explanation:
Depreciation (B)is the process of calculating how much an asset loses value over time due to wear, aging, or obsolescence.
* Common depreciation methods include:
* Straight-line depreciation
* Declining balance depreciation
* Why not other options?
* (A) Payback periodmeasures how long it takes to recover the initial investment, not asset value reduction.
* (C) Diminishing returnrefers to economic output, not asset valuation.
* (D) Life cycle costconsiders total ownership costs, including maintenance and disposal.


NEW QUESTION # 132
What is the definition of physical vacancy?

  • A. Percentage of units that are unoccupied and available for lease
  • B. Percentage of units that are occupied but are not producing income
  • C. Spaces occupied but in delinquencies
  • D. Leasable space that is used for other purposes or is otherwise impossible to lease

Answer: A

Explanation:
Physical vacancy (A)is defined asthe percentage of units that are unoccupied and available for lease.
* Facility managers track vacancy ratesto measure space utilization and rental potential.
* Why not other options?
* (B) Spaces occupied but in delinquenciesrelate to financial issues, not physical vacancy.
* (C) Occupied but non-revenue-producing spacesrefer to economic vacancy.
* (D) Leasable but unusable spaceis classified as "non-leasable inventory."


NEW QUESTION # 133
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