PMT 352B Exam 4 Study Notes Questions & Answers 2023/2024
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PMT 352B
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PMT 352B
PMT 352B Exam 4 Study Notes Questions & Answers 2023/2024
Earned Value Management (EVM) is an ________ process in the management and oversight of acquisition programs - ANSWER-integrating
The PM's approach to satisfying EVM requirements should be documented in the program _________ - ANSWER-a...
PMT 352B Exam 4 Study Notes
Questions & Answers 2023/2024
Earned Value Management (EVM) is an ________ process in the management and oversight of
acquisition programs - ANSWER-integrating
The PM's approach to satisfying EVM requirements should be documented in the program _________ -
ANSWER-acquisition strategy (AS)
__________ is one of the Department's most powerful program management tools since it integrates
the cost, schedule, and technical performance of a program - ANSWER-Earned Value Management (EVM)
The _______ combines the Contract Performance Report (CPR) and Integrated Master Schedule (IMS)
into a single integrated report to be consistent with good, disciplined program management - ANSWER-
Integrated Program Management Report (IPMR) Data Item Description (DID)
This EVM term represents "Earned Value" or the value of the work accomplished in relation to the PMB -
ANSWER-Budgeted Cost of Work Performed (BCWP)
This EVM term represents the actual cost of the work accomplished - ANSWER-Actual Cost of Work
Performed (ACWP)
BCWP - ACWP - ANSWER-Cost Variance (CV)
BCWP - BCWS - ANSWER-Schedule Variance (SV)
BCWP / ACWP - ANSWER-Cost Performance Index (CPI)
BCWP / BCWS - ANSWER-Schedule Performance Index (SPI)
,Actuals to date + Work Remaining / Efficiency Factor - ANSWER-Estimate at Complete (EAC)
This EAC formula tends to be the optimistic estimate - ANSWER-Cumulative CPI method
This EAC formula tends to be the pessimistic estimate - ANSWER-Composite CPI method (CPI x SPI)
Management Reserve (MR) is not part of the PMB until _______ - ANSWER-it is "used"
An Integrated Baseline Review (IBR) should be conducted within ___ months of contract award -
ANSWER-6
You should conduct one of these within 6 months of contract award to identify and quantify cost,
schedule, and technical risks - ANSWER-Integrated Baseline Review (IBR)
The PM should obtain integrated _________ and ________ performance data at an appropriate level of
summarization to monitor program execution - ANSWER-cost and schedule
The program manager should require contractors and government activities to use internal management
control systems that accomplish the following: - ANSWER-1) Relate time-phased budgets to specific tasks
identified in the statement of work;
2) Produce data that indicate work progress;
3) Properly relate cost, schedule, and technical accomplishment; and
4) Produce data that is valid, timely, and auditable
The primary tool for measuring performance and identifying risk - ANSWER-The Performance
Measurement Baseline (PMB)
The PMB is represented by which EVM term? - ANSWER-BCWS = Budgeted Cost of Work Schedule
Technical assessment activities would be used to measure which EVM term? - ANSWER-BCWP =
Budgeted Cost of Work Performed
, The IBR is intended to provide _______ with a mutual understanding of the project PMB and to attain
agreement on a plan of action to handle the identified risks - ANSWER-both Government and Contractor
PMs
This EAC is based on detailed information; "bottoms-up" from the Control Account level - ANSWER-
Contractor EAC; also called Latest Revised Estimate (LRE)
Post Implementation Review (PIR) is often associated with _______ efforts, while the term Post
Deployment Review (PDR) is more often associated with ______ efforts - ANSWER-software intensive;
hardware
(Note: The Interim 5000.02 uses "PIR" for both MDAP and MAIS systems)
The important "take away" of the _________ review is that the Agency, Service, Component, and the
Program Manager must ensure that end-users receive what was promised (and what was contracted for)
- ANSWER-Post Deployment Review (PDR)
The program manager uses post-implementation/deployment reviews (PIRs/PDRs) of the system,
typically beginning at _________ - ANSWER-Initial Operational Capability (IOC)
Post-implementation/deployment reviews (PIRs/PDRs) occur nominally every ______ years after IOC or
when precipitated by changes in requirements/design or performance problems - ANSWER-3 to 5 years
Post-implementation/deployment reviews (PIRs/PDRs) should include, at a minimum: - ANSWER-•
*Customer Satisfaction*: Is the warfighter satisfied that the .... investment meets their needs?
• *Mission/Program Impact*: Did the implemented capability achieve its intended impact?
• Confirmation that the validated need has not changed; or if it has, include as part of the course of
action provided in the PIR report.
• A measure of the measures of effectiveness found in the Initial Capabilities Document.
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