EVM 101 Module
1-6 TEST |
Verified Answers
, Module 1 y y
Howydoyfinancialymanagersy(FMs)yuseyEarnedyValueyManagementy(EVM)ydata?
y FMsyuseytheydataytoydetermineyayfairyprofityandyfeeyforytheycontractor.y y
FMsyuseytheydataytoyvalidateycontractoryinvoicesyandypayment.
FMsyuseytheydataytoyprepareybudgetsyandytrackyfunding.
y PMsyareytheyonesyinvolvedywithyEVM;yFMsyareynotyinvolvedyinytheyEVMyprocess.
2) Thisygraphydepictsyaytime-
phasedyperformanceymeasurementybaseliney(PMB)ywithycumulativeybudgetedyco
styforyworkyscheduledy(BCWS),ybudgetedycostyforyworkyperformedy(BCWP),yandya
ctualycostyofyworkyperformedy(ACWP).yGivenythisyinformation,ywhichyofytheyfollo
wingyisytrueyatyTimeyNow?
(IMAGEyDESCRIPTION:yPMBygraphywithyBCWSyplottedyfromycontractystartythroug
hycontractyend.yBCWPyandyACWPyareyplottedyfromycontractystartythroughytimeyno
w.yAtytimeynowyBCWSyisy$4,000,yBCWPyvalueyisy$2,000,yandyACWPyvalueyisy$6,000
.)
Costyvariancey(CV)yandyscheduleyvariancey(SV)yareybothyunfavorable
y Scheduleyvariancey(SV)yandycostyvariancey(CV)yareybothyfavorable
y Scheduleyvariancey(SV)yisyunfavorable,yandycostyvariancey(CV)yisyfavorabley y
Scheduleyvariancey(SV)yisyfavorableyandycostyvariancey(CV)yisyunfavorable
3) Whichyofytheyfollowingystatementsyisycorrectyaboutytheyrelationshipybet
weenytechnicalyperformanceyandyEarnedyValueyManagementy(EVM)?
y EVMyperformanceydatayandytechnicalyperformanceydoynotydealywithytheysameycontractys
copeyofywork.
y TechnicalyperformanceyshouldynotybeyconsideredyinyconjunctionywithyEVMyanalysis.
, y TechnicalyPerformanceyMeasurementy(TPM)yanalysisycanygiveyearlyywarningyofyissues
thatymightyimpactycostyandyscheduleyperformance.
y Technicalyperformanceymeasuresydoynotyprovideyearlyywarningyofyproblems,ywhereasyE
VMydataydoes.
5) WhichyofytheyfollowingyisyaykeyybenefityofyEarnedyValueyManagementy(E
VM)yasyanyintegratedyprogramymanagementytool?
y EVMyprovidesyinputyforytheyIntegratedyMasteryPlany(IMP)yandytheyIntegratedyMasterySche
duley(IMS).
y EVMyisyayresourceymanagementytoolythatyisyunrelatedytoytheycontractyschedule.
y EVMyintegratesybudgetyandyscheduleydataytoyensureyaypositiveycostyvariancey(CV)yandys
cheduleyvariancey(SV).
EVMyprovidesyinsightyintoycontractycostyandyscheduleyperformanceycomparedytoya
contractyperformanceymeasurementybaseliney(PMB).
6) TheyDepartmentyofyDefensey(DoD)yensuresycontractorycomplianceywithythe
y32yguidelinesythroughywhichyofytheyfollowingytwoyprocesses?
Complianceyreviews,ysurveillanceyreviews
y IntegratedyBaselineyReviewsy(IBRs),yEarnedyValueyManagementy(EVM)yreportingy
y Verification,ychecking
y Contractoryinternalysurveillanceyreviews,yEarnedyValueyManagementy(EVM)yreporting
7) WhatyisytheypurposeyofytheyEarnedyValueyManagementySystemy(EVMS)ygui
delines?
1-6 TEST |
Verified Answers
, Module 1 y y
Howydoyfinancialymanagersy(FMs)yuseyEarnedyValueyManagementy(EVM)ydata?
y FMsyuseytheydataytoydetermineyayfairyprofityandyfeeyforytheycontractor.y y
FMsyuseytheydataytoyvalidateycontractoryinvoicesyandypayment.
FMsyuseytheydataytoyprepareybudgetsyandytrackyfunding.
y PMsyareytheyonesyinvolvedywithyEVM;yFMsyareynotyinvolvedyinytheyEVMyprocess.
2) Thisygraphydepictsyaytime-
phasedyperformanceymeasurementybaseliney(PMB)ywithycumulativeybudgetedyco
styforyworkyscheduledy(BCWS),ybudgetedycostyforyworkyperformedy(BCWP),yandya
ctualycostyofyworkyperformedy(ACWP).yGivenythisyinformation,ywhichyofytheyfollo
wingyisytrueyatyTimeyNow?
(IMAGEyDESCRIPTION:yPMBygraphywithyBCWSyplottedyfromycontractystartythroug
hycontractyend.yBCWPyandyACWPyareyplottedyfromycontractystartythroughytimeyno
w.yAtytimeynowyBCWSyisy$4,000,yBCWPyvalueyisy$2,000,yandyACWPyvalueyisy$6,000
.)
Costyvariancey(CV)yandyscheduleyvariancey(SV)yareybothyunfavorable
y Scheduleyvariancey(SV)yandycostyvariancey(CV)yareybothyfavorable
y Scheduleyvariancey(SV)yisyunfavorable,yandycostyvariancey(CV)yisyfavorabley y
Scheduleyvariancey(SV)yisyfavorableyandycostyvariancey(CV)yisyunfavorable
3) Whichyofytheyfollowingystatementsyisycorrectyaboutytheyrelationshipybet
weenytechnicalyperformanceyandyEarnedyValueyManagementy(EVM)?
y EVMyperformanceydatayandytechnicalyperformanceydoynotydealywithytheysameycontractys
copeyofywork.
y TechnicalyperformanceyshouldynotybeyconsideredyinyconjunctionywithyEVMyanalysis.
, y TechnicalyPerformanceyMeasurementy(TPM)yanalysisycanygiveyearlyywarningyofyissues
thatymightyimpactycostyandyscheduleyperformance.
y Technicalyperformanceymeasuresydoynotyprovideyearlyywarningyofyproblems,ywhereasyE
VMydataydoes.
5) WhichyofytheyfollowingyisyaykeyybenefityofyEarnedyValueyManagementy(E
VM)yasyanyintegratedyprogramymanagementytool?
y EVMyprovidesyinputyforytheyIntegratedyMasteryPlany(IMP)yandytheyIntegratedyMasterySche
duley(IMS).
y EVMyisyayresourceymanagementytoolythatyisyunrelatedytoytheycontractyschedule.
y EVMyintegratesybudgetyandyscheduleydataytoyensureyaypositiveycostyvariancey(CV)yandys
cheduleyvariancey(SV).
EVMyprovidesyinsightyintoycontractycostyandyscheduleyperformanceycomparedytoya
contractyperformanceymeasurementybaseliney(PMB).
6) TheyDepartmentyofyDefensey(DoD)yensuresycontractorycomplianceywithythe
y32yguidelinesythroughywhichyofytheyfollowingytwoyprocesses?
Complianceyreviews,ysurveillanceyreviews
y IntegratedyBaselineyReviewsy(IBRs),yEarnedyValueyManagementy(EVM)yreportingy
y Verification,ychecking
y Contractoryinternalysurveillanceyreviews,yEarnedyValueyManagementy(EVM)yreporting
7) WhatyisytheypurposeyofytheyEarnedyValueyManagementySystemy(EVMS)ygui
delines?
