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ACQ 101 Module 9 Earned Value Management Exam 2024
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ACQ 101 Module 9 Earned Value Management Exam 2024
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ACQ 101 Module 9 Earned ValueManagement Exam 2024
What is earned value management EVM governed by? - -government
performance and results act of 1993 GPRA; federal acquisition streamlining
act of 1994 Title V FASA V; Information technology management reform act
of 1996 ITMRA and clinger cohen
-What is the purpose of EVM? - -establish performance standards for federal
budget expenditures; report cost, schedule and performance goals, report
performance information and evaluate progress for system acquisitions
-EVM is historically based in the 20th century manufacturing concepts? - -
True
-EVM is a management tool for measuring project performance and progress
in an objective manner? - -True; it provides the PM with contractor cost,
schedule and performance information
-What is the DoD standard for EVM systems? - -DODI 5000.02 establishes
EIA standard 748
-What is the Integrated Program Management Report IPMR? - -primary
means of documenting the ongoing communication between the contractor
and the PM. The IPMR is used to report to date cost and schedule metric
trends.
-What is the Contract Funds Status Report CFSR? - -contract fund
requirements, funding changes, budget estimates, rough estimates of
termination costs, funds availability, etc.
-The IPMR provides performance data that are used to identify problems
early in the contract and forecast future contract performance. The CFSR
supplies funding data about a defense contract to PMs? - -True
-How many calendar days after the contract is awarded does the DoD
acquisition policy require the PMs to conduct an IBR on EVM contracts? - -
180 days
-Does EVM apply throughout the acquisition life cycle when the government
shares the risk with the contractor? - -True
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