ACQ 101 Module 9 Earned Value Management | Questions with 100% Correct Answers | Verified | Latest Update 2024

What is earned value management EVM governed by? - government performance and results act of 1993 GPRA; federal acquisition streamlining act of 1994 Title V FASA V; Information technology management reform act of 1996 ITMRA and clinger cohen What is the purpose of EVM? - establish performance standards for federal budget expenditures; report cost, schedule and performance goals, report performance information and evaluate progress for system acquisitions EVM is historically based in the 20th century manufacturing concepts? - True EVM is a management tool for measuring project performance and progress in an objective manner? - True; it provides the PM with contractor cost, schedule and performance information What is the DoD standard for EVM systems? - DODI 5000.02 establishes EIA standard 748 What is the Integrated Program Management Report IPMR? - primary means of documenting the ongoing communication between the contractor and the PM. The IPMR is used to report to date cost and schedule metric trends.