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IFMA Exam CFM Topic 3 Question 1 Discussion

Actual exam question for IFMA's CFM exam
Question #: 1
Topic #: 3
[All CFM Questions]

During a large real estate project, what are the expenses of planning, design, construction, operation, maintenance, and disposition of a structure over time known as?

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Suggested Answer: A

Life-cycle costing (LCC) accounts for all costs associated with a building throughout its lifespan, including:

Initial costs (planning, design, construction).

Operational costs (utilities, maintenance, repairs).

End-of-life costs (renovation, decommissioning, disposal).

LCC enables informed decision-making by comparing long-term cost implications of different design and material choices, supporting sustainable and cost-effective facility management.


by Alexia at Mar 05, 2025, 06:29 PM

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Elinore
3 months ago
Yeah, I think A) Life-cycle costing is the best fit for this question.
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Henriette
3 months ago
I don't think so, investment analysis focuses more on returns rather than all the expenses involved.
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Desmond
3 months ago
Life-cycle costing, for sure. Gotta account for all those expenses, from planning to demolition. It's the whole shebang!
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Meaghan
2 months ago
B) Investment analysis.
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Noemi
2 months ago
Definitely, it's important to consider all the expenses over the entire lifespan of the project.
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Barney
2 months ago
A) Life-cycle costing.
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Wilda
3 months ago
Project classification? Come on, this is about the actual costs, not just how to categorize the project. Life-cycle costing is clearly the answer.
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Casandra
3 months ago
But what about B) Investment analysis? Could that be a possible answer too?
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Juan
3 months ago
Time value of money? I think we're looking for something a bit more comprehensive here. Life-cycle costing is the way to go.
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Christiane
2 months ago
It includes all expenses from planning to disposition of a structure over time.
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Tamekia
2 months ago
What exactly does life-cycle costing entail?
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Gilma
2 months ago
A) Life-cycle costing.
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Lucy
3 months ago
Investment analysis? Nah, this is about the overall expenses, not just the initial investment. A no-brainer.
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Fletcher
3 months ago
C) Time value of money.
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Weldon
3 months ago
Investment analysis is only about the initial investment, not the overall expenses.
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Tiera
3 months ago
A) Life-cycle costing.
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Elinore
3 months ago
I agree with Henriette, life-cycle costing makes sense for all those expenses.
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Wynell
4 months ago
Life-cycle costing sounds like the way to go. Gotta consider all those hidden costs, you know?
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Shanda
3 months ago
B) Investment analysis.
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Diane
3 months ago
Yes, it's important to consider all the expenses over time.
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Taryn
3 months ago
A) Life-cycle costing.
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Henriette
4 months ago
I think the answer is A) Life-cycle costing.
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