Evm 101 module 1 6 Study guides, Class notes & Summaries

Defense Acquisition University ACQ 101/ACQ101 all module tests Fall 2022 Questions and correct Answers. Defense Acquisition University; ACQ 101 all module Exams 1) A system can be defined as: All elements (e.g., hardware, software, logistics support, personnel) needed to assist the Department of Defense (DoD) to conduct its mission of deterring or winning war The deployment and fielding processes used by the Department of Defense (DoD) to conduct its mission of deterring or winnin...

EVM 101 Module 1-6 TEST | Verified Answers 2023. This graph depicts a time-phased performance measurement baseline (PMB) with cumulative budgeted cost for work scheduled (BCWS), budgeted cost for work performed (BCWP), and actual cost of work performed (ACWP). Given this information, which of the following is true at Time Now? (IMAGE DESCRIPTION: PMB graph with BCWS plotted from contract start through contract end. BCWP and ACWP are plotted from contract start through time now. At time now...

EVM 101 Module 1-6 TEST | Verified Answers 2023. How do financial managers (FMs) use Earned Value Management (EVM) data? FMs use the data to determine a fair profit and fee for the contractor. FMs use the data to validate contractor invoices and payment. FMs use the data to prepare budgets and track funding. PMs are the ones involved with EVM; FMs are not involved in the EVM process. 2) This graph depicts a time-phased performance measurement baseline (PMB) with cumulative budgeted co...

EVM 101 TEST 1-6 MODULE 1 ANSWERS. By comparing the budgeted cost for work performed (BCWP) and the actual cost of work performed (ACWP), program managers can determine whether or not: [Define the terms for key EVM elements: budgeted cost for work scheduled (BCWS), budgeted cost for work performed (BCWP), actual cost of work performed (ACWP), budget at completion (BAC), and estimate at completion (EAC)] The project is on budget The project is on schedule The management reserve is suffi...

Defense Acquisition Course - ACQ 101 Module 9 Questions Well Answered Defense Contract Audit Agency (DCAA) responsible for conducting audit reviews of the contractor's accounting system policies, procedures and activities. Also the contract auditor assigned by the DCAA participates in surveillance and earned value management system review if a EVM Systems guidelines ensures that contractors have and use _________ that integrate cost, schedule, and technical performance. adequate managemen...

EVM 101 Module 1-6 TEST | Verified Answers 2023. Which of the following is a key benefit of Earned Value Management (EVM) as an integrated program management tool? EVM provides input for the Integrated Master Plan (IMP) and the Integrated Master Schedule (IMS). EVM is a resource management tool that is unrelated to the contract schedule. EVM integrates budget and schedule data to ensure a positive cost variance (CV) and schedule variance (SV). EVM provides insight into contract cost a...

EVM 101 TEST 1-6 MODULE 1 ANSWERS. By comparing the budgeted cost for work performed (BCWP) and the actual cost of work performed (ACWP), program managers can determine whether or not: [Define the terms for key EVM elements: budgeted cost for work scheduled (BCWS), budgeted cost for work performed (BCWP), actual cost of work performed (ACWP), budget at completion (BAC), and estimate at completion (EAC)] The project is on budget The project is on schedule The management reserve is suffi...

EVM 101 TEST 1-6 MODULE 1 ANSWERS. The use of Earned Value Management (EVM) requires time-phased plan to complete the entire contract effort that is called which of the following? [Recognize that Earned Value Management (EVM) is a management tool that program managers use for insight into cost, schedule and performance of Department of Defense (DoD) acquisition programs and that supports proactive decision-making] [Remediation Accessed :N] Performance measurement baseline (PMB) Estimate ...

Defense Acquisition Course - ACQ 101 Module 9 Questions Well Answered Defense Contract Audit Agency (DCAA) responsible for conducting audit reviews of the contractor's accounting system policies, procedures and activities. Also the contract auditor assigned by the DCAA participates in surveillance and earned value management system review if a EVM Systems guidelines ensures that contractors have and use _________ that integrate cost, schedule, and technical performance. adequate managemen...

Defense Acquisition Course - ACQ 101 Module 9 Questions Well Answered Defense Contract Audit Agency (DCAA) responsible for conducting audit reviews of the contractor's accounting system policies, procedures and activities. Also the contract auditor assigned by the DCAA participates in surveillance and earned value management system review if a EVM Systems guidelines ensures that contractors have and use _________ that integrate cost, schedule, and technical performance. adequate managemen...