EVM 101 TESTC -6 MODULE 1 ANSWERS.

EVM 101 TESTC 1-6
y y y




MODULE 1 ANSWERS
y y

,MODULE 1 y y




1) TheyuseyofyEarnedyValueyManagementy(EVM)yrequiresytime-phasedyplanyto
y completeytheyentireycontractyeffortythatyisycalledywhichyofytheyfollowing? [Recognizey
ythatyEarnedyValueyManagementy(EVM)yisyaymanagementytoolythatyprogramymanagersyuseyforyinsig
htyintoycost,yscheduleyandyperformanceyofyDepartmentyofyDefensey(DoD)yacquisitionyprogramsyand
ythatysupportsyproactiveydecision-making]y [RemediationyAccessedy:N]




Performanceymeasurementybaseliney(PMB)


Estimateytoycompletey(ETC)


Budgetedycostyofyworkyperformedy(BCWP)


IntegratedyMasteryPlany(IMP)


2) Byy comparingy theybudgetedy costy fory workyperformedy (BCWP)y andy they actualy costy ofywo
rkyperformedy(ACWP),yprogramymanagersycanydetermineywhetheryorynot:

[Definey theytermsyforykeyyEVMyelements:ybudgetedycostyforyworkyscheduledy(BCWS),ybudgetedycost
yforywork
performedy(BCWP),yactualycostyofyworkyperformedy(ACWP),ybudgetyatycompletiony(BAC),yandyestim
ateyatycompletiony(EAC)]


Theyprojectyisyonybudget

Theyprojectyisyonyschedule

Theymanagementyreserveyisysufficient

Theybudgetyatycompletiony(BAC)yisyrealistic


3)yThisygraphydepictsyaytime-
phasedyperformanceymeasurementybaseliney(PMB)ywithycumulativeybudgetedycostyfory
workyscheduledy(BCWS),ybudgetedycostyforywork
whichyofytheyfollowingyisytrueyatyTimeyNow?

(IMAGEyDESCRIPTION:yPMBygraphywithyBCWSyplottedyfromycontractystartythroughycon
tractyend.yBCWPyandyACWPyareyplottedyfromycontractystartythroughytimeynow.yAtytimeyn
owyBCWSyisy$3,000,yBCWPyvalueyisy$4,500,yandyACWPyvalueyis
$3,750.)y[Recognizeyayfavorableyandyunfavorableycostyandyscheduleyvariance,ygivenyaygraphicyde
pictionyofyaytime-
phasedyperformanceymeasurementybaseliney(PMB),ycumulativeybudgetedycostyforyworkyscheduledy(
BCWS),ybudgeted ycostyy(ACWP)]
performed y [Remediation
foryworkyyperformed y Accessed
y(BCWP), y :N]ycostyofywork
yandyactual




Scheduleyvariancey(SV)yandycostyvariancey(CV)yareybothyfavorable

Costyvariancey(CV)yisyfavorable,yandyscheduleyvariancey(SV)yisyunfavorable

, Scheduleyvariancey(SV)yisyfavorable,yandycostyvariancey(CV)yisyunfavorable

Scheduleyvariancey(SV)yandycostyvariancey(CV)yareybothyunfavorable


4) Whichy ofy theyfollowingy documentsy containsy updatedy forecastsy ofy contractyfundingyre
quirementsybyyappropriation?

[GivenytypicalyEarnedyValueyManagementy(EVM)ydatayandynotionalyGovernmentybudgetyvalue,yre
cognizeythatyEVMyprovidesyinformationyusefulyforyupdating
budgetyandyfundingyprojections]

ContractoryFundsyStatusyReporty(CFSR)

DefenseyAcquisitionyExecutiveySummaryy(DAES)

SelectedyAcquisitionyReporty(SAR)

UnityCostyReporty(UCR)


5) Whichyofytheyfollowingyprovidesyaycrosscheckyonytheyvalidityyofytheybudgetedycostyfory
workyperformedy(BCWP)yclaimedybyyaycontractor?
[CompareyEVMyandyTechnicalyPerformanceyMeasurement]

Technicalyperformanceymeasuresy(TPMs)

Performanceymeasurementybaseliney(PMB)

Actualycostyofyworkyperformedy(ACWP)

ContractyFundsyStatusyReporty(CFSR)


6) Selecty they correcty statementy abouty they relationshipy ofy Earnedy Valuey Managementy(EVM)y
andytheyriskymanagementyprocess.

[GivenyaygraphicalydepictionyofytheyDepartmentyofyDefensey(DoD)yriskymanagementyprocess,yidentify
ytypicalyEarnedyValueyManagementy(EVM)yprocessesyrelatedytoyeachystepyinytheyriskymanagementypr
ocess]


EVMycostyandyscheduleyvariancesycanyhelpyidentifyyrisksythatymayybeyassociated
withytheyvariance.

RiskymanagementyandyEVMyareystand-
aloneyprocessesythatyneedynotybeyusedyinyanyintegratedymanner.

Theyriskymanagementyprocessyprovidesyhelpfulycostyandyscheduleyperformanceyinform
ationytoysupportyEVM.

Riskyreflectsyfutureyuncertainties,ywhileyEVMydatayprovidesyinsightyonlyyintoypastyperformancey
soytheytwoyprocessesydon’tyreallyysupportyeachyother.

, 7) SelectytheycorrectystatementyaboutytheyEarnedyValueyManagementySystemy(EVMS)yGuidel
ines.y [IdentifyytheypurposeyandybenefitsyofytheyEarnedyValueyManagementySystemy(EVMS)yguide
linesyusedybyytheyDepartmentyofyDefensey(DoD).]

TheyEVMSyguidelinesydescribeydesiredymanagementysystemyoutcomesysuchyasy
planningytheyscopeyofyworkyrequiredyforyaycontractythroughyitsycompletion.

TheyEVMSyGuidelinesydescribey10ybroadycategoriesyofyactivityyincludingyriskymanagem
entyandysupplyychainymanagement.

TheyEVMSyGuidelinesydescribeyaysingleyuniversalymanagementysystem.

ForycontractsyonywhichytheygovernmentyrequiresyEarnedyValueyManagementy(EVM)yas
yaymanagementytool,ytheyEVMSyguidelinesyareyoptionalyguidelines.




8) Whaty isy they purposey ofy they Departmenty ofy Defensey (DoD)y Earnedy Valuey ManagementySy
stemy(EVMS)ycomplianceyreviewsyandysurveillanceyprocesses?

[DescribeytheypurposeyandygoalsyforyDepartmentyofyDefensey(DoD)yEarnedyValueyManagementySyst
emy(EVMS)ycomplianceyreviewsyandysurveillanceyreviews]

ToyensureycontractorycomplianceywithytheyEVMSyguidelinesyandymitigate
managementyprocessyrisk

Toyensureyprojectycompletionyonyscheduleyandyonybudget

Toyprotectyagainstyfraudyandyinflatedycosts

Toyensureytheyperformanceymeasurementybaseliney(PMB)yaccuratelyyrepresentsytheyco
st,yschedule,yandytechnicalyaspectsyofytheyprogram


9) Whichyofytheyfollowingyorganizationsyhasyoverallyresponsibilityyforyconductingycontrac
toryEarnedyValueyManagementySystemy(EVMS)ycomplianceyreviewyandysubsequentyappro
valyinytheyDepartmentyofyDefensey(DoD)?

[DescribeyorganizationalyresponsibilitiesythatytheyDefenseyContractyManagementyAgencyy(DCMA),
yDefenseyContractyAudit
Agencyy(DCAA),yProgramyManagementyOfficey(PMO),yandytheysupplieryshareyregardingyEarnedyValueyManage
mentySystemy(EVMS)ycomplianceyreviews.]

TheyDefenseyContractyManagementyAgencyy(DCMA)

Theycontractor

TheyDefenseyContractyAudityAgencyy(DCAA)

AythirdypartyyInternationalyOrganizationyforyStandardizationy(ISO)ycertifiedyorganization


10) Aycostyreimbursementycontractytoybuildyaysingleyprototypeyrefrigerationyunityhasyayc
ontractycostyofy$25M.yWhatyisytheyDepartmentyofyDefensey(DoD)ypolicyyonyrequiringyEarn
edyValueyManagementy(EVM)yonythisycontract?
[IdentifyytheyDepartmentyofyDefense