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EVM 101 FINAL PAPER UPDATED COMPLETE QUESTIONS AND CORRECT ANSWERS BUNDLED REVIEW GUIDE

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EVM 101 FINAL PAPER UPDATED COMPLETE QUESTIONS AND CORRECT ANSWERS BUNDLED REVIEW GUIDE

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EVM 101 FINAL PAPER UPDATED
COMPLETE QUESTIONS AND CORRECT
ANSWERS BUNDLED REVIEW GUIDE

●● BCWP
Answer: Budgeted Cost of Work Performed


●● EAC
Answer: Estimate At Complete


●● BAC
Answer: Budget At Completion


●● 5 KEYS to EVM
Answer: 1. BCWP, 2. ACWP, 3. BAC, 4. EAC, 5. BCWS


●● ACWP
Answer: Actual Cost of Work Performed


●● CV FORMULA
Answer: Cost Variance Formula:

, CV = BCWP-ACWP


●● CAM
Answer: Control Account Manager


●● MANAGEMENT RESERVE
Answer: Funds contractors put to the side that should correlate to risk
involved. Emergecy fund.


●● PMB
Answer: Performance Measurement Baseline (the end of the BCWS line
on the graph)


●● RFP
Answer: Request for Proposal = Solicitation


●● CPR
Answer: Cost Performance Reports


●● CFSR
Answer: Contract Funds Status Report


●● BCWR

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