AATC 2503 PM ACTUAL EXAM #3 | COMPLETE AND GRADED QUESTIONS AND
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO
PASS | GET A+
1. What is Earned Value Management (EVM) used for?: EVM is used to quantify and measure program/contract
performance, provide an early warning system for deviation from a baseline, mitigate risks associated with cost and
schedule overruns, and forecast final cost and schedule outcomes.
2. What are the three components of a project plan that Earned Value allows us to measure and manage?: Work
Scope, Schedule, and Resources
3. What is the purpose of the Integrated Program Management Data and Analy-
sis Report (IPMDAR)?: to reflect current contract performance status and the forecast of future contract performance
4. The ______ is a contractually required report prepared by the contractor that contains performance information
derived from the internal Earned Value Management System (EVMS) and provides status of progress on the contract.-
: Contract Performance Report (CPR)
5. What is required for contracts over 6 months in duration and $1.5 million dollars?: Contract Funds Status Report
(CFSR) - DD Form 1586.
6. What does Cost Variance (CV) indicate?: CV indicates how much over or under budget the project is.
7. What does Schedule Variance (SV) indicate?: SV indicates how much ahead or behind schedule the project is,
calculated as SV = BCWP (EV) - BCWS (PV).
8. What is Risk Management?: a continuous process that identifies and analyzes uncertainties, develops mitigation
options, and implements appropriate mitigation efforts throughout all phases of the acquisition life cycle 9. What is
Risk?: Risk is a potential future event or condition that may negatively affect achieving program objectives for cost,
schedule, and performance
, 10. What are the categories of risk in an acquisition program strategy?: Technical,
Programmatic, and Business
11. What are the consequences of risk?: Cost, Schedule, and Performance
12. What is Earned Value Management used for?: to monitor program cost and schedule
performance against a program baseline plan established by the contractor and the government at the beginning of the
contract through the Integrated Baseline Review (IBR) process
13. What are Technical Performance Measurements (TPMs)?: technique that compares
planned or estimated values of designated performance parameters with achieved values, as the parameter moves
towards a goal
14. What are exit criteria in the context of program life cycles?: Exit criteria are measures
of progress listed in an Acquisition Decision Memorandum (ADM) for a program to enter into the next phase in the
acquisition process.
15. What could negatively affect a program's success?: Failure to meet one or more progress criteria, necessitating
risk assessment.
16. What percentage of life-cycle costs do production and manufacturing account for?: Approximately 30%
17. Some factors leading to increased cost and production delays include changing design requirements, late design
releases, lack of production planning, and _____ funding.: unstable
18. Design Engineering efforts should focus on the _______ of:
Producible designs
Capable manufacturing processes
Process controls to ensure requirements are captured
Satisfaction while minimizing costs: concurrent development
19. What manufacturing tradeoffs are considered throughout the acquisition
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO
PASS | GET A+
1. What is Earned Value Management (EVM) used for?: EVM is used to quantify and measure program/contract
performance, provide an early warning system for deviation from a baseline, mitigate risks associated with cost and
schedule overruns, and forecast final cost and schedule outcomes.
2. What are the three components of a project plan that Earned Value allows us to measure and manage?: Work
Scope, Schedule, and Resources
3. What is the purpose of the Integrated Program Management Data and Analy-
sis Report (IPMDAR)?: to reflect current contract performance status and the forecast of future contract performance
4. The ______ is a contractually required report prepared by the contractor that contains performance information
derived from the internal Earned Value Management System (EVMS) and provides status of progress on the contract.-
: Contract Performance Report (CPR)
5. What is required for contracts over 6 months in duration and $1.5 million dollars?: Contract Funds Status Report
(CFSR) - DD Form 1586.
6. What does Cost Variance (CV) indicate?: CV indicates how much over or under budget the project is.
7. What does Schedule Variance (SV) indicate?: SV indicates how much ahead or behind schedule the project is,
calculated as SV = BCWP (EV) - BCWS (PV).
8. What is Risk Management?: a continuous process that identifies and analyzes uncertainties, develops mitigation
options, and implements appropriate mitigation efforts throughout all phases of the acquisition life cycle 9. What is
Risk?: Risk is a potential future event or condition that may negatively affect achieving program objectives for cost,
schedule, and performance
, 10. What are the categories of risk in an acquisition program strategy?: Technical,
Programmatic, and Business
11. What are the consequences of risk?: Cost, Schedule, and Performance
12. What is Earned Value Management used for?: to monitor program cost and schedule
performance against a program baseline plan established by the contractor and the government at the beginning of the
contract through the Integrated Baseline Review (IBR) process
13. What are Technical Performance Measurements (TPMs)?: technique that compares
planned or estimated values of designated performance parameters with achieved values, as the parameter moves
towards a goal
14. What are exit criteria in the context of program life cycles?: Exit criteria are measures
of progress listed in an Acquisition Decision Memorandum (ADM) for a program to enter into the next phase in the
acquisition process.
15. What could negatively affect a program's success?: Failure to meet one or more progress criteria, necessitating
risk assessment.
16. What percentage of life-cycle costs do production and manufacturing account for?: Approximately 30%
17. Some factors leading to increased cost and production delays include changing design requirements, late design
releases, lack of production planning, and _____ funding.: unstable
18. Design Engineering efforts should focus on the _______ of:
Producible designs
Capable manufacturing processes
Process controls to ensure requirements are captured
Satisfaction while minimizing costs: concurrent development
19. What manufacturing tradeoffs are considered throughout the acquisition
