EVM 101 EXAM 3 | Verified Answers 2023

EVM 101 EXAM 3 | Verified Answers 2023. Which of the following is an example of work that makes sense to measure as apportioned? General administrative support Quality control effort that can typically be estimated as a percentage of discrete manufacturing hours. Design reviews with a discrete deliverable. A short duration test with discrete completion criteria. 2) Which of the following best describes the performance measurement baseline (PMB)? The documented authorized and unauthorized costs for the contract The resourced budgeted cost for work scheduled (BCWS) for the contract The resourced budgeted cost for work performed (BCWP) for the contract The measurement of performance to determine a fair profit/fee 3) Which of the following describes the purpose of the management reserve? Budget set aside for contractor profit/fee Budget set aside to pay for unexpected, unplanned work that is within scope of the contract Budget set aside to minimize existing cost variances Incentive funds awarded to the contractor for excellent performance 4) Which of the following describes the relationship between work packages and planning packages? As work definition becomes more detailed, planning packages are detailed out into work packages. 1 1 1 1 Both work packages and planning packages are essential elements of the management reserve. As work definition becomes more detailed, work packages are detailed out into budget planning packages. 5) What does the following schedule tell you about tasks A, D and F? (IMAGE DESCRIPTION: Task A is first. There is an arrow from the right side of task A to the left side of task D. There is an arrow from the right side of task D to the left side of task F.) If task A completion slips, it will not affect task D because task D is a predecessor to task A. Since task A is a successor to task D, if task D does not finish as planned, task A cannot start as planned. The schedule above does not indicate the relationships between tasks. If task A finishes late, it will delay the start of task D because Task A is a predecessor to task D. 6) For Department of Defense (DoD) contracts with an Earned Value Management (EVM) requirement, when are Integrated Baseline Reviews (IBRs) required to be scheduled? Not later than 180 calendar days after: contract award; any significant major modifications; exercise of significant contract options Not later than 90 calendar days after: contract award; any significant major