Certified Construction Manager Exam is hard because its a technical exam. Without preparation, you'll surely fail the exam, but if you had the right practice exam questions to help you exercise your knowledge and retain your memories, then there will be no take two. You can pass the CCM Exam on your first try.
We always receive an email asking if our practice exam is enough to pass the CCM exam, here's one:
Please can you guide me how to pass CCM certification exam. I just saw on your website 1000 question book. Is that enough for exam? Because I didn’t started my preparation. Or any other way to pass the certification. Please let me know.
Your answer will be appreciated.
Here's our answer .......
Thank you for your email.
The 1,000 questions and answers were designed as a reviewer or practice exam for those who had the CCM Exam Preparation Training already. But if you already had PMP, RMP, Background in sustainability like LEED, and you had years of experience in construction as a manager, then, we are confident that this reviewer would be able to help you a lot to pass the exam. Repeat the practice exam at least 3 times before you take the actual exam. Here's the link https://www.sfp-training.com/qb-cmaa-ccm.html
Training is not compulsory and there's no guarantee you'll pass the exam, but it's better if you can attend one so you can deeply understand the core competencies of CCM. If you are in a hurry, they have self paced online training check this out. https://www.cmaanet.org/elearning/online-professional-cm-course
So, how hard is the Certified Construction Manager Exam? It's very hard because you need to familiarize yourself to the terms they use, and as most of you are engineer, or technical person, your brain are mostly inclined to solve the problem, not to memorize the things, hence in the school, you were probably taught to derive formula not to memorize it because the teachers know you're not really good at it.
But that's ok because through repetition, you can exercise your memory. Try it, on your first attempt, you'll most likely get 50% correct answer, then on the second, you'll get around 70% Then on the third around 80%.
Be careful though and do not stop practicing before your exam because if you stop, you'll forget them again easily.
Do you want to become a Certified Maintenance & Reliability Professional? Are you searching for the right materials to help you pass the CMRP Certification exam? If yes, grab our 1,850 question and answers practice exam. This includes highly similar to the actual exam. If you can achieve 80% correct answers, you have a higher change of passing the actual exam.
It's normal to get around 50% correct answers when you first try the practice exam, but after the 2nd and 3rd try, you'll see a drastic improvement in your score. You'll familiarize yourself with the questions used in CMRP examination.
The CMRP practice exam can be used as much as you want for 1 year, but we highly recommend that you achieve around 80% score in the practice exam before you take the actual exam.
You can access the 1,850 question and answers here https://www.sfp-training.com/qb-cmrp.html
Are you aspiring to be a Certified Fire Protection Specialist but you are scared to fail the exam again? Use our NFPA CFPS Practice Exam and pass the actual exam on your first try.
This practice exam consists of 1,700 questions and answers some of which are similar to the actual exam. If you want to experience the real exam questions, you really need to have this CFPS practice exam.
Becoming a Certified Fire Protection Specialist is not very hard, especially if you have the right practice exam materials.
Try it, then, repeat the practice exam until you get 80% before booking your actual CFPS exam and thank us later.
Click here to get you started.
Revisions & Update:
June 23, 2021 - 1,100 Questions And Answers
February 22, 2022 - 600 Questions And Answers Added
Yes we're having a promotion!
You can now enroll for ProFM Credential Certification Program and you will get a free live online exam preparation training course for Certified Facility Manager (CFM).
Not only that, you will also get a free Diploma In Facilities Management, a self pace, online distance learning from the United Kingdom.
What's more? The instructor of ProFM and CFM is a high caliber. You want to pass the CFM exam and become a Certified Facility Manager? You have to attend his training! His schedule is always full and busy but now you can join his live training virtually.
Wherever you are in the world, you can benefit from this training program because a recorded version will also be available after each live session.
You can find more information here>>> https://www.sfp-training.com/free-training-courses.html
Do you want to become a Certified Cost Professional and pass the exam the first try? Or, did you took the exam, but failed several times?
Grab this 1,000 question and answer practice exam and see how it can help you pass not only the CCP exam, but all the other certifications offered by AACEI.
If you master this 1,000 questions and answers, your chance of passing the certification exam is very high.
It is designed to help you familiarize and memorize all the important terms so during the exam, you'll be able to understand the questions and choose the best answer.
Don't wait until there's an opening position requiring for AACEI CCP Certification, pass the exam now and be prepared when the opportunity comes!
Access the practice exam anywhere and study at your own pace. Click here >>>
This is a question from someone who failed the CCM Certified Construction Manager Exam A Few Times.
To whom it may concern,
I've taken the CCM exam a few times with no luck. Both times I scored in the low 60's. In your experience would your questions with answers benefit me?, or should I continue reading their CM practices core concepts that is provided by CMAA. It just feels like on the actual exam there are two right answers. Also are your questions broken up by the various concepts, ie. project management? Can I revisit any of the questions I have already answered? Excuse me for asking all these questions it's just really daunting that I have come so close but can't pass it.
This is the result of his practice exam taken from us. Though it's still below passing. He only needs some push to pass the exam.
And below is our reply to his inquiry.
Thanks for your inquiry.
We understand how you feel, but it’s good that you keep on trying.
But this time, change your strategy. Don’t just rely on reading the book.
Answer our practice exam too, so you will memorize easier and faster. It consist of 1000 questions and answer which cover all the core competencies.
At the end of practice exam, you’ll know your score. You’ll know which area you need to read more.
Repeat the practice exam again and again until you get 80%. If you do that, your chances of passing the exam are really high.
Why? Because if you score 80% and above that means you master the core competencies already and even if you encounter tricky questions you know which one is the best answer.
After mastering our practice exam, try answering this practice exam book, https://amzn.to/2J2fAci some of the questions here are realistic or similar to the actual exam.
You can find the 1000 Questions And Answers on this link https://www.sfp-training.com/qb-cmaa-ccm.html
If you're like him and you want to ask for something, don't hesitate. We will reply as soon as possible.
Whether you're a first timer or an exam repeater, we're proud to say that this practice exam will really help you pass the exam.
It doesn't intend to replace your reviewers or practice exams, but merely, it is made to complement your resources and fill the gaps to help you pass the LEED v4.1 O+M exam.
All of the questions here are made especially to help you memorize the important terms, LEED credits, the responsible parties, etc. So when they are mentioned during the exam, you'll be confident in putting your answer.
Unlike LEED Green Associate exam where it's as easy as pie to pass the exam, LEED v4.1 O+M is quite real hard.
We understand your frustration, especially those whose score are just 3 points away from the passing grade.
If you think you already had the best practice exams with you and yet you failed the exam, it's possible that you failed not because of the practice exam you used, but because of the way some items were not given importance.
This practice exam is especially made for you. If you master this before you take the exam, you'll have higher chances of passing.
500 Questions and Answers LEED O+M Practice Exam
Practice with it now. This could fill the missing points you needed to pass the LEED v4.1 Operations and Maintenance Exam.
If you have a close friend and he recently passed the certification exam and become a Certified Facility Manager, maybe you would like to ask, "how many times did you fail the exam?"
But if you we're just acquaintances, you might instead ask, "Did you pass the exam in 1 try?"
But if you are going to ask us, here's the truth!
CFM exam is not as easy as you might think it is.
We know someone who took it for the third time and still failed the exam.
Come to think of it.
When you were solving a math problem, there could be a lot different solution that could give you the correct answer.
Your problem here is "How to pass the CFM Exam"
The Solution? It varies and it depends on you.
But the answer to that problem is only one "Pass the CFM Exam"
The point here is, different people will give you different solution to your problem.
They could say, study hard, read books, answer practice exam, go online courses, attend training and so and so.
But it still depends on you.
Us, when we introduce this practice exam, our aim is to help the aspirants to pass and become certified facility manager.
This practice exam will help you master the terminologies used in CFM so during the exam, you're familiar with every word they say, there will be no jargon. And because you understand them well, you can answer correctly.
If you fail the CFM exam, don't lose your hope. Answer our practice exam, repeat it until you reach 75% and above and then, take the CFM exam again.
You can access the practice exam here >>>
(1) How long do I have access to the database after purchasing the prep exam?
You can access it for 1 year.
(2) Are these actual questions from the official CFM exam, or did you write these questions?
These questions are straightforward. The actual or official CFM exam is situational. The one we know who took the exam 3 weeks ago said that up to 65% are situational.
This book contains similar to actual CFM questions https://amzn.to/2WmjGDv
(3) Did you base the questions on the IFMA curriculum for the CFM exam?
These 1800 questions and answers cover all the 11 competencies. This practice exam aims to help someone master the CFM competencies so when they face the situational questions, they can analyze it better because they know the basic or the concept.
(4) Why are there no reviews from people who purchased the prep exam? It's a bit difficult to trust in actual success if there's no reviews from people who actually purchased the prep exam.
At the end of the practice exam, we are gathering a short survey.
50% of them said, they are "very satisfied",
The other 50% answered "satisfied".
67% of those said our practice exam is "much better" compared to others
And the other 33% answered "somewhat better".
100% of those who got 75% and above in our practice exam are now Certified Facility Manager. The latest became CFM, 3 weeks ago.
There's one from the USA who left us a remark, saying that there are many poorly worded/bad grammar questions but then he answered "satisfied and somewhat better" in our survey.
To access the 1800 questions and answers follow this link https://www.sfp-training.com/qb-ifma-cfm.html
For CFM related post go to https://www.sfp-training.com/blog/category/certified-facility-manager
If you have any question, feel free to contact us.
Whether you're planning to go to review center, training institute or study on your own, you'll find this 1,000 questions and answers, practice exam for Certified Construction Manager very helpful in passing the exam because it is outlined based on the 7 competencies and the books given by CMAA.
We didn't invent or mixed any information, it's purely related to the CMAA CCM exam.
If you read the book once and you want to test your comprehension, this practice exam will let you see your score. Maybe you're good at Quality but you need more preparation in Cost Management? You'll see it on the result after taking the practice exam.
If you want to self-practice in preparation for the CCM exam, this is one of the best study material you can get. It's complete and you can finish it within 2 weeks. Just answer 100 items, 5 days a week, 2 hours before you sleep or while resting, and you can finish it in no time.
It's comprehensive, we made it complement all the preparations you already made.
Start now and see if you can take the actual exam and become a Certified Construction Manager.
The passing score for the Certified Construction Manager is 67%. Sounds easy to reach right? But that's not the truth because out of 200 questions, there 25 unscored items, and you have to balance your score in each competency to pass the CCM exam and become a Certified Construction Manager.
Here's the breakdown of percentage for each competency
In a quick glance you'll see that Contract Administration weighs heavier compare to other competency, hence you need to focus on that subject.
If you're looking for a practice exam for certified construction manager, we can provide you 1000 questions and answers for only $199.
You can access it anytime, anywhere, as long as you have an internet connection. It is valid for 12 months and most of all, at the end of each practice exam, you'll see your exam result.
You'll know your score in each competency, hence you can decide if you're ready to take the actual test or not.
If you failed to get the results you want, you can repeat the practice exam again. It's far better and easier than reading the books all over again.
You can find the practice exam here. >>>>
If you want to know some of the real questions that you might encounter during the CCM Exam, you really have to see this book from Amazon. It contains 200 questions and answers in which SOME of the questions are realistic. Not word by word, but it's almost the same.
If you fail, try our 1,000 questions and answers before taking the actual exam of CCM so you can be sure you'll pass the exam.
You can find it here >>>>
This practice exam for CMAA CCM Certified Construction Manager contains 1,000 questions and answers.
This is how it looks like. Note that all the questions are in random order. When you take the practice exam, you will have a different set of questions.
Here, I chose letter A as my answer.
After clicking next, the correct answer will be revealed. You'll see if you are right or wrong.
After answering the questions, you can either save and finish later or click next to answer more questions.
Access 1,000 questions and answers now! Click Here >>>>
Here are just some of the few reasons:
During the first try, its normal to gather a score around 50%, that's why we highly recommend you to answer it at least twice. So when you gather 80% in our practice exam, you'll almost certainly sure you'll pass the real exam.
The exam is not easy. Save yourself from embarrassment, Start Now!
Finally it's here, the CMAA CCM Certified Construction Manager Practice Exam!
If you don't have the time to read again and again the lengthy book of CCM due to your busy schedule, we are here to help you by providing an intensive practice exam.
I said again and again because reading the book once won't guarantee you'll pass the exam. You need to verify if you understood what you read about and you can do that via practice exam.
If you take this practice exam, you'll recall what you read in the book and what you had experienced or currently experiencing in the field of construction.
It is composed of 1,000 Questions and Answers covering the 7 CM Core Competencies
You can access it anywhere and anytime. You can use your laptop or your mobile phone.
You'll have unlimited access or practice for 365 days for $199 only.
Start now and pass the exam the first time!
Someone approached us and asked, why after successfully passing the Certified Facility Manager (CFM) Exam, he still couldn't find his name in the IFMA Credentials Registry.
He waited until several days, checking his name daily, but still he couldn't find his name.
He thought initially that something was wrong in the system, then he thought of the worse, maybe he didn't really pass the CFM exam, maybe the Prometric exam result was wrong.
A lot of things were going through his mind. Until one day he asked us.
We checked his paper and it was written there that he passed the CFM exam, but there's another requirement that he didn't fulfill yet.
He forgot to pay and complete the ethics form.
So we told him to submit it and viola, his name appeared in the IFMA Credentials Registry.
If you need to know more, see STEP 5 of IFMA CFM Exam Prep Step By Step Guide
You don't have to be an Engineer to become a Certified Facility Manager. Actually, you don't even have to finish a bachelors degree.
So, what do you need?
Of course, it's useless to pursue the certification of IFMA if you can't even use it so, it's really necessary that you will have an intent to become a Facilities Manager in the future or you want to become a Certified Facility Manager.
If your background is related to project management, business, finance or accounting, engineering, real estate, your application could be accepted.
Actually, we haven't met anyone yet who was rejected when they applied for the CFM exam.
Most of them are accepted to try and proved their qualification to become a Certified Facility Manager.
Although it is relatively easy to apply, the real challenge is in passing the exam.
We mentioned it before, but we will say it again, CFM is not like the exam of FMP.
CFM is pass or fail. If you fail, you'll need to pay and apply again. It wasn't like the FMP where you can just try and try until you hit the correct answer and eventually pass the exam.
CFM exam is multiple choice and most of the questions are situational. Meaning, you'll need to apply all the theory and knowledge you learned while studying the 11 competencies.
We made the 1800 questions and answers practice exam / reviewer to help you measure your knowledge.
Most of the questions there are basic and direct to the point. After answering all the questions, you'll know which competencies you'll need to focus or study more in order to pass the CFM exam.
In Math, before you were introduced to problem solving, you were first thought of the basic, add, subtract, multipy and divide.
Same goes to the situational exam of CFM.
One of the reasons you can't solve the situational problem is because you were not properly trained, or perhaps you didn't not master the 11 competencies.
For the past five years, we only knew a very few who passed the CFM exam.
We were left puzzled, thinking what's the problem.
Why these managers, or aspiring managers can't pass the exam.
So we interviewed a Certified Facility Manager who recently passed the exam.
He told us, "Nobody will ever pass the CFM exam unless they fully understood the competencies"
And we knew he's right!
IFMA CFM is now in its 25th year, surprisingly, there's only 3,100 Certified Facility Managers across the 32 countries.
No wonder this certification can really make or break anyone's career.
If you're preparing for the CFM exam, we really encourage you to try our 1800 questions and answers, practice exam.
It is designed to help you master the 11 competencies.
On your first take, it's normal to get around 50%, like the average, but if you repeat it again and again, you can master it. And if you get 70% in all competencies, we're almost certainly sure, you'll pass the exam.
Have you heard the news from IFMA? If you're a first time taker of CFM exam and you failed, you will get a free retake within 90 days. They gave this offer in celebration for their 25th year anniversary.
That offer is valid until December 31, 2018.
So, what's your plan now?
If you want to become a Certified Facility Manager, I think this is the best time to take the exam.
You can schedule your exam on December 30, 2018 and if you failed, you can retake on March 2019.
If I were you, I will go for it! Even if you're not yet prepared.
I will treat the exam like a practice exam and I will see my result from which competency I need to do more focus.
By the way, have you seen our 1800 questions and answers, practice exam for CFM? It will help you master the 11 competencies. You can access it instantly and it is valid for 12 months.
Have you tried our free assessment?
Get to know the reason why we're almost certainly sure if you're going to pass or fail the CFM exam just by taking our free exam assessment.
Are you planning to be a CCM, Certified Construction Manager? Why don't you try getting Construction Manager-In-Training or CMIT first?
If you pass the Construction Manager-In-Training, you're just a few steps away from achieving the Certified Construction Manager.
The exam of CMIT is not really hard. But you have to understand what you read in the book.
If you don't have a practice exam, we currently have 350 Questions and Answers for you. If you get 75% in our practice exam, you might pass the actual exam too in one try.
Give it a try and we're sure you won't regret it!
Start Now >>>>
You might be wondering if there is any calculation in CFM exam specially for Finance and Business.
The answer is, you'll find numbers, but you don't need to compute for anything. All you have to do is compare the given choices to each other.
When you go to Prometric to take the exam, they'll only give you a scratch paper and a pencil. They won't allow you to use a calculator.
So, from that moment you'll know that there's no calculation to be done.
But, during the exam, there are 1 to 3 questions that you'll encounter regarding investment.
They'll give you a scenario and ask you about those investment projects.
So after failing the CFM exam, you told yourself, never say die! Never!
If you're really determined to pass the CFM exam and you want to be one of the 3100+ Certified Facility Managers in 32 countries, we are here to help you.
Wait, what? Only 3100+ are Certified Facility Managers till date?
Yes! Including those who died already since its establishment in 1992. We're not inventing the numbers, you can find it here>>>.
Now, you know that it's not easy to pass the CFM exam because if that's easy, you'll see everyone having that certification.
I couldn't blame you if at first you thought it was easy to pass the exam and become a certified facility manager. Nobody knows how difficult it is until they tried to take the exam.
IFMA CFM Study Materials To Help You Pass The Exam This Time
Let's start with the basic.
1800 Question and Answer Practice Exam - This is the basic you need to have. If you attended the training, you'll recall here everything you read or heard during your class. Or if you're absent, or sleeping during your training, this will help you know the meaning of those terms.
This practice exam will help you master the 11 competencies. On average, you'll finish it around 39 hours.
So, if you plan to allot 2 hours every day for practice exam, you'll need around 3 weeks to finish it.
It contains random questions, meaning every time you take the practice test, you'll cover all the competencies.
When you get 70% in each competency, you have a really good chance of passing the CFM exam.
If during the first time or the second time you got a low score, start again. You have 12 months to access it over and over again.
These Situational Practice Exam Is Useless If You Don't Know The Basic Elements Or You Didn't Master The 11 Competencies
If you still have a budget and you want to get more practice exams, you can also try the practice exam from IFMA, it costs $150 for non member, $100 for members. It consists of 66 questions and answers. You can access it online for 180 days.
Actually, this practice test is much difficult than the actual, but, getting 75% from it won't guarantee you'll pass the exam as stated on their website.
It's much more difficult, and none of it will come out during the exam, hence, they're last on our list.
To take the IFMA CFM Exam, you need to pay $815, yes and to make myself clear, I will write it in words, Eight Hundred Fifteen US Dollars for non members and for members, it costs, $550, Five Hundred Fifty US Dollars.
That's the exam costs, meaning, anywhere you are in the world, it's the same. Even if you are in India, Nigeria, United Arab Emirates, the cost of the CFM exam stays the same.
Ouch, right? Yes! For some, that amount is heavy, that's why we really recommend that before you take the exam, you need to prepare for it or else you'll fail like many and lose your money.
CFM Exam is pass or fail.
After you finished answering the last question or when you reach the 4 hours, you'll see your result right away.
By the way, if you want to save money, it's better to be a member of IFMA before applying for the exam.
These are the membership cost
Professional & Associate: US$209
Young Professional: US$129 - if you are 35 years and below.
Have you noticed the student fee? It's only $10? This is great if you're a student because you can get the CFM exam for only $560. Yes, even if you're taking Masters Degree you're still eligible for this discount.
Wondering how each competency weigh on the IFMA CFM Exam, or how many points are allocated for each competency? Come and have a look at these charts.
Note that we did not include the 20 unscored pretest items.
If you want to see the percentage of questions per competency, take a look at this.
Did you observe something?
Take a look again at Operation and Maintenance.
The number of questions is 25, the total percentage is 15%
Do you get what we mean? Yes! That's too low.
If IFMA set the operations and maintenance to have 80% of the examination, we believe it's as easy as peanuts to pass the CFM Exam, but that's not the case.
The pattern of the exam is well distributed to 11 competencies. You can't just choose and drop the other.
In order for someone to be a Certified Facility Manager you need get a score of 70% and that's not easy to achieve.
Imagine this, during the exam if you're given a 10 items question and ask you to score 7 out of 10, you are only allowed to answer 3 wrong questions in order to pass the exam.
So technically, you'll think, it's easier to pass the 160 items even if its passing rate is 70% because you're allowed up to 48 wrong answers and still pass the exam.
If you haven't tried it yet, we are offering a free assessment for CFM, its consist of 15 questions. We also have the 1800 questions and answers
Imagine the difference of 15 questions to 1800 questions, amazingly, the results are like these:
Yes, you are correct, they don't differ that much in terms of percentage.
If someone failed in a 15 question assessment, most probably he will also fail at 1800 question practice exam.
When that happens, do you think he will pass the 180 exam questions, with 20 unscored pretest items?
Most probably not. And that's the sad reality.
But, don't lose hope in passing the CFM exam and becoming a Certified Facility Manager.
You can try these resources.
1800 Questions and Answers, Practice Exam - This will help you master all the 11 competencies. Most of the questions here are direct to the point because it is made to help you memorize the meaning of terms and their applications. In short, this is the most basic that you need while reviewing or preparing for the CFM exam.
66 Items Practice Exam from IFMA - Maybe you've got this already. It won't come out in the actual exam, but it's still OK for practice. It costs $100 for member and $150 for non member. This is the only practice exam currently offered by IFMA.
So, those are the resources you can have to help you pass the CFM exam.
If you're starting, I would highly recommend the 1800 questions because, even if you're sleeping during your class, this practice test will help fill those gaps.
Then, when you master the 11 competencies, try the situational practice exams. If you do that, I'm sure in no time, you'll become a Certified Facility Manager.
When you ask someone who took the IFMA CFM Exam and ask how their experience was, they'll say that the exam was very tough because it was situational.
Others will say, the exam seems to have more than one correct answer but they need to choose only one correct answer.
So today, we will tell you how to crack the IFMA CFM exam and pass it hopefully on your first try.
How To Deal With Situational Questions
First, you should not get worried about the situational question because during the actual test, you only need to choose the letter of the correct answer. You don't have to tell why you chose your answer. The justification or rational that you see during training was just part of the instructor or trainer's explanation.
In the actual exam, its plain multiple choice. There's no essay type so, don't get worried.
Second, when you saw the situational question was too long, consider the following tips on how to deal with it
Example of situational question.
A facility manager of Chang Kai Czek International Airport situated in Neverland recommended a sustainable procurement. Instead of bottled drinking water, the facility will use urns and coolers. Paper copies will be printed only as required. The visitors will be referred to the company official website for the copies of minutes of meetings. All are part of a corporate sustainability plan. However, the chief operating officer refused the proposal as it will significantly hurt the corporate image with prestigious visitors. What can a facility manager do?
a) Argue that cost savings is a topmost priority according to the sustainability plan more than the interest or visitor impressions.
b) Educate the COO about the place of this tactic in the corporate sustainability plan.
c) Educate the COO about the potential huge saving of the proposal aligned with the corporate sustainability.
d) Ignore the COO and argue that this is part of a corporate sustainability plan.
After reading the scenario,
1. Find the keyword in this problem. The keyword here is the corporate sustainability plan
2. Highlight the problem. Here, the problem was, the COO refused the proposal thinking it could hurt the corporate image.
3. Analyze the given choices for possible correct answers. Granted you might be able to think of a possible better solution, but remember you're an examinee here and you need to think what the examiner was probably thinking when he/she wrote that question.
So, let's try to analyze the choices given above.
Letter d) is a giveaway, of course you cannot just ignore the COO.
Letter a) is not correct because as an FM, you should strive to balance the competing requirements of each stakeholder and not what is beneficial to FM alone. FM is also responsible in protecting the image and reputation of the company.
Letter c) the COO is obviously not after the huge savings as already depicted in the scenario, so explaining that to the COO would not make any difference.
Letter b) is the correct answer because The COO might not be aware of the approved sustainability plan. And so, you need to let him understand the organization's commitment towards sustainability goals.
In the actual exam, most of the questions challenge the test taker in this way. But remember, every plan proposed by FM must be aligned with the overall strategic direction of the organization and not in the FM perspective only.
How To Choose The Best Answer When All Other Answers Seems Correct
Here is an example of this scenario:
The Top management must decide how to distribute the budget for capital expenditures in the coming five-year period. FM proposes Energy Management System, but the Top management is not convinced that it is the best investment. What should the FM do to persuade them to invest in Energy Management System?
a) Explain all the benefits of an Energy Management System to the Top Management
b) Perform a cost-benefit analysis of EMS and No-EMS scenario
c) Perform a SWOT analysis of possible alternatives
d) Take senior management on a tour of facilities equipped with EMS
Let's try again,
1. Here, the keyword is "best investment"
2. The problem is, How could the FM convince the Top Management to invest in EMS
3. Let's analyze the choices.
For letter a) Explaining all the benefits of an EMS to the Top Management will not tell whether this is the best investment opportunity. Meaning, explaining the benefits or even ALL the benefits is not enough.
Letter c) SWOT analysis is a useful strategic planning tool, but will not determine the best possible investment alternatives.
And here's the tricky 2 choices
Letter d) Facility tour with Senior Management may showcase the benefits of EMS but may not convince them if this is the best investment opportunity, specially if they could not be able to understand all the technicalities behind for both the hard and soft benefits.
Letter b) It's the best answer in this scenario because cost benefit analysis is a financial decision making tool that's the top management speak and well understood. Using financial tools is the only way to determine and compare whether the proposed project is worth and the best among possible alternatives.
When the scenario is about an FM trying to convince the Top Management to invest or support the proposed project, the best option is to persuade them through monetary benefits using financial tools such as cost benefit analysis, payback period, ROI, and LCCA in sustainability projects.
Analyzing the choices is easier when you are familiar with all the competencies.
In the above example, the second scenario, you need to familiarize yourself with Communication to effectively communicate the FM needs, Leadership and Strategy for aligning the FM strategy and tactics to the Top Management, Finance and Business for financial decision making tools and techniques, and of course Facility Information Management and Technology Management to discuss the EMS.
Try answering our 1800 questions and answers IFMA CFM Practice Exam. It won't take much of your time studying because most of it is direct to the point question, but it will definitely help you become well versed in 11 competencies.
After mastering the 11 competencies, try answering the situational questions from IFMA, it's composed of 66 questions, for member it costs $100 and for non member it costs $150
If you were not able to achieve the 70%, try answering our 1800 Q&A practice exam, if in our practice exam, you got lower than 70% too, you need to repeat again until you reach 70% in all competencies.
We're not generalizing, but if in our practice test you got the usual average score of around 50%, we highly recommend that you study harder because if you take the actual CFM exam right away, without preparing, your chances of failing is as high as 99%. (It sounds funny, but we're serious!)