ACQ 101 Module 9 Earned Value Management (2023/2024) Rated A+

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. What is the Contract Funds Status Report CFSR? contract fund requirements, funding changes, budget estimates, rough estimates of termination costs, funds availability, etc. The IPMR provides performance data that are used to identify problems early in the contract and forecast future contract performance. The CFSR supplies funding data about a defense contract to PMs? 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 days Does EVM apply throughout the acquisition life cycle when the government shares the risk with the contractor? True What is the central office for EVM, root cause analysis, and major defense authorization performance assessment? Performance Asses