EVM 101 Module 5 Assessment and Management Action Exam 2023 | Verified Answers

EVM 101 Module 5 Assessment and Management Action Exam 2023 | Verified Answers. What is the purpose of the identifying technical, schedule, and cost drivers when analyzing past performance? [Recognize key tasks in analyzing past performance.] To identify elements that appear more likely to impact the ability to achieve contract objectives and therefore require management attention To ensure contract technical performance measures (TPMs) accurately describe desired capabilities To adjust contract cost and schedule objectives to account for any cost growth and schedule slippage expected. This study source was downloaded by from CourseH on :44:35 GMT -06:00 To identify the Work Breakdown Structure (WBS) elements that have been completed so those can be excluded from the analysis. 4) What does this chart tell you about contractor management reserve (MR) usage? (IMAGE DESCRIPTION: Sample chart showing monthly management reserve (MR) usage, cost variance (CV), and schedule variance (SV) from May 14 through September 14. Approximate MR values are: May 2.2, June 2.1, July 1.5, August 1.3, September 1.2. Approximate CV values are: May -0.4, June -1.0, July -0.7, August -0.8, September -0.7. Approximate SV values are: May -0.7, June -0.8, July -0.9, August -1.1, September -0.9.) [Given sample charts showing management reserve (MR) usage, interpret the chart.] It shows a reduction in MR over time, indicating MR has been used. It shows that MR is increasing over time so the contractor must not be allocating MR to the performance measurement baseline (PMB). It shows that MR use is causing favorable cost variances. It shows that MR use is causing an unfavorable schedule variance. 5) What can you conclude from the Fuel Consumption technical performance measure (TPM) shown here? (IMAGE DESCRIPTION: Operating Power June 14 TPM. The objective for the fuel consumption TPM is 4 and the threshold is 4.5. The plan for this TPM starts at 10 in the first quarter and then decreases by approximately 1 each quarter until the 8th quarter where it flattens out at 4 for the remaining period shown on the chart. For the entire amount of time plotted on this chart, the plan stays within the upper and lower tolerance levels. The actual performance of the fuel consumption is within tolerance the first two quarters. In quarter three, it begins a steady trend outside of the upper tolerance, decreasing from approximately 9.5 to approximately 7.5 in the sixth quarter. This approximate values in quarter sixe are: plan 5, threshold 4.5, and objective 4.) [Given a risk matrix, TPMs, and Integrated Program Management Report (IPMR) Format 1 reports, recognize that TPM analysis may provide early indicators of problems that may result in cost and schedule performance problems] The Fuel Consumption TPM’s out of tolerance performance may be an