ACQ 101 Module 09 & Exam: Earned Value Management

ACQ 101 Module 09 & Exam: Earned Value Management Application of the Earned Value Management System (EVMS) guidelines ensures that contractors have and use adequate management systems that integrate cost, schedule, and technical performance. ️- *True* - False Earned Value Management (EVM) applies throughout the acquisition life cycle when the Government shares the risk with the contractor. ️*True* Earned Value Management (EVM) implementation ensures the PM is provided with the contractor's information that properly relates cost, schedule, and technical accomplishments. ️- *True* - False EVM is historically based in the 20th century manufacturing concepts. ️*True* How many calendar days after the contract is awarded does the DoD acquisition policy require the PMs to conduct an IBR on EVM contracts? ️*180* How many calendar days after the contract is awarded does the DoD acquisition policy require the PMs to conduct an IBR on EVM contracts? ️*180* In which document can the Project Manager (PM) find guidance for implementing Earned Value Management (EVM) contract management activities?" ️- Capability Development Document (Cdd) - Manual for conduct of the Integrated Baseline Review - *Earned Vale Management (EVM) Implementation Guide* - Federal Acquisition Streamlining Act (FASFA-V0 of 1994 One of the benefits of EVM in the defense acquisition process is to provide the PM with valid cost, schedule, and technical progress information. ️*True* The Contract Funds Status Report provides the PMs which of the following information? (Select all that apply) ️*Rough estimates of termination costs* *Planned or requested funding changes in contracts* *Budget estimates in support of approved programs* The difference between the contractor and the Government calculating EAC is that the contractor's EAC is normally derived from updating EACs at the control account level and summarized up the WBS structure allowing for an EAC at any level. The Government uses formulas based on contractor performance metrics to calculate EACs. These formulas can be used to predict the EAC based upon the past history of contractor performance on the contract. ️*True* The Electronics Industries Alliance Standard 748 (EIA-748) defines the 32 EVM guidelines. What document is used as the basis for the DoD to assess EVMS compliance? ️- The Government program manager's acquisition strategy - Government Performance and Results Act (GPRA) of 1993 - *DoD Earned Value Management Systems Interpretation Guide (EVMSIG)* - Department of Defense Instruction (DoDI) 5000.02, Enclosure 1 The EVMS guidelines identified by EIA-748 address how many management processes? ️*9* The Government's Earned Value Estimate at Completion (EAC) formula is based on the amount of money already spent on the contract plus which other amount of money? ️- The amount it will take to extend the project - *The amount it will take to complete the project* - The amount it will take to change the project - The amount it will take to implement the project The IBR is a tool that should be used as necessary throughout the life of the contract. ️- *True* - False The Integrated Program Management Report (IPMR) provides performance data; which of the following does the Contract Funds Status Report (CFSR) provide? ️- Facilities data - Supply data - *Funding data* - Capability data The IPMR provides performance data that are used to identify problems early in