CFM EXAM SIMULATOR & CFM EXAM GUIDE

CFM Exam Simulator & CFM Exam Guide

CFM Exam Simulator & CFM Exam Guide

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To avail of all these IFMA CFM certification exam benefits you need to enroll in IFMA CFM certification exam and pass it with good scores. Are you ready for this? If your answer is right then you do not need to go anywhere. Just download IFMA CFM Dumps questions and start preparing today.

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IFMA CFM Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 2
  • 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 3
  • 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 4
  • Real Estate: This domain assesses the skills of the target audience in developing real estate strategies. It covers real estate assessment, acquisition, disposal processes, asset management, space management, major projects, and new construction to optimize facility use.
Topic 5
  • Sustainability: This section evaluates the skills of the target audience in managing sustainability initiatives. It covers energy management, water management, materials and consumables management, waste management, and workplace site management to promote environmentally responsible practices within facilities.

IFMA Certified Facility Manager Sample Questions (Q86-Q91):

NEW QUESTION # 86
What is the benefit of documenting lessons learned for projects?

  • A. Summarizes the effect of decisions made on a project and serves as a guide for what to repeat and what to avoid in future projects
  • B. Provides key inputs to create the project charter, develop the project management plan, and finalize the stakeholder register
  • C. Provides inputs to the project issue log

Answer: A

Explanation:
The main benefit of documenting lessons learned is that it summarizes the effects of decisions made on a project and serves as a guide for what to repeat or avoid in future projects (Option B).
Why Option B is Correct?
* Lessons learned improve future projects by documenting best practices and avoiding repeated mistakes.
* They capture what worked well and what challenges arose, creating a knowledge base for continuous improvement.
* IFMA's Project Management Core Competency highlights that facility managers must use past experiences to refine processes and improve efficiency.
Why Other Options Are Incorrect?
* Option A (Provides inputs to the project issue log): Issue logs track current project problems, whereas lessons learned apply to future projects.
* Option C (Provides key inputs for the project charter, project management plan, and stakeholder register): Lessons learned are used after project execution, not during initial planning.


NEW QUESTION # 87
What tools would a project manager use or create to define the project team?

  • A. Task list, responsibility matrix, and the request for proposal that initiated the project
  • B. Work breakdown structure, project organizational chart, and responsibility matrix
  • C. Project schedule, corporate organizational chart, and human resources policy
  • D. Project budget, project schedule, and project organizational chart

Answer: B

Explanation:
Defining the project team requires clear roles, responsibilities, and task allocation. Thethree key toolsare:
* Work Breakdown Structure (WBS):Defines tasks and subtasks, ensuring clarity onwho does what.
* Project Organizational Chart:Maps out the project team, including reporting structures.
* Responsibility Matrix (RACI):Clearly defineswho is responsible, accountable, consulted, and informedfor each task.
* Why the other options are incorrect:
* (A)The corporate org chart and HR policies are useful but do not define project-specific roles.
* (C)A task list and RFP help with initial planning but do notstructure the project team.
* (D)Budget and schedule areimportantbut focus on project execution, not team definition.


NEW QUESTION # 88
Many large corporations prefer to locate a site and build a plant to meet their exact specifications.
Because they prefer to invest their capital in their own business operations rather than real estate, they seek an investor who will buy the property and build. The company then executes a long-term lease with the investor. What is the resulting agreement called?

  • A. Non-competing tenant agreement
  • B. Special-purpose agreement
  • C. Gross lease agreement

Answer: B

Explanation:
A special-purpose agreement (Option B) is an arrangement where a business leases a property custom- built for its needs, rather than owning it.
Why Option B is Correct?
* This is a common practice for corporations that want a facility tailored to their needs but prefer leasing over ownership.
* The investor funds the project, and the company leases the facility long-term.
* IFMA's Real Estate & Property Management Core Competency includes special-purpose agreements as a strategic real estate decision.
Why Other Options Are Incorrect?
* Option A (Gross lease agreement): A gross lease is a standard lease where the landlord covers property expenses.
* Option C (Non-competing tenant agreement): This applies to retail leases, not industrial or corporate facilities.


NEW QUESTION # 89
In relation to establishing a level of acceptable risk, what should you include in your Business Continuity Plan (BCP) to help measure the plan's expected level of success against that level of risk?

  • A. Lessons learned
  • B. Contracted support
  • C. Performance metrics
  • D. Business analysis

Answer: C

Explanation:
Performance metricsin a Business Continuity Plan (BCP) helpquantify success and assess risk management effectiveness. The correct answer is:
* Performance metrics ensure that response strategies align with risk tolerance levelsand provide measurable indicators of recovery speed, downtime, and business impact.
* Why the other options are incorrect:
* (A) Contracted supportensures resources but does not measure success.
* (B) Lessons learnedcontribute to future improvements but do not track current success.
* (C) Business analysishelps identify risks but does not measure performance against risk levels.


NEW QUESTION # 90
What is your role as a Facility Manager in developing an emergency preparedness plan that ensures organizational success?

  • A. Create an emergency plan and ensure that employees are trained to respond.
  • B. Ensure that communication devices are in place to respond.
  • C. Ensure that all of the materials and equipment are on hand to respond.

Answer: A

Explanation:
A Facility Manager's primary role in emergency preparedness is to create an emergency plan and ensure that employees are trained to respond (Option C).
Why Option C is Correct?
* Developing a comprehensive emergency plan is a core responsibility under IFMA's Emergency Preparedness & Business Continuity competency.
* Training employees ensures that everyone knows how to act in an emergency, reducing confusion and improving response times.
* Emergency planning includes evacuation routes, fire safety protocols, crisis communication, and business continuity measures.
Why Other Options Are Incorrect?
* Option A (Ensure materials and equipment are on hand): While important, this is a part of emergency planning, not the primary role of the FM.
* Option B (Ensure communication devices are in place): Communication is one aspect of preparedness, but without a solid plan and training, response efforts may still fail.


NEW QUESTION # 91
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