Evm 101 - Study guides, Class notes & Summaries

1) What are typical steps involved in completing an integrated analysis using Earned Value Management (EVM) data? [Recognize the steps and sub-steps of a three-step Integrated Analysis Model] Analyze Past Performance, Predict Future Performance, Formulate a Plan of Action Analyze Past Performance, Predict Future Performance, Document Findings Analyze Past Performance, Document Findings, Publish Report Develop EVM metrics, Develop EVM charts, Publish Analysis Report 2) Select the stat...

CAPM PRACTICE EXAM 3|197 Questions with Verified Answers "QUESTION NO: 1 Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team...

PROJECT MANAGEMENT- C722 Questions and Answers 100% Solved Graded A Portfolio - - a group of related programs that support a long-term company goal or objective Pg 13 Program - - a group of related projects Pg 13 Project - - an activity or group of activities to generate a new, unique product, service, or results to support that program Pg 13 Charter - - a document that, like a contract, is agreed upon by the sponsor and key stakeholders. It defines the project and authorizes the re...

CAPM PRACTICE EXAM 3|197 Questions with Verified Answers "QUESTION NO: 1 Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team...

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 ...

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 Module 5 Exam QUESTIONS AND ANSWERS

EVM 101 MODULE 1 TEST

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...

PV (Planned Value) Time-phased estimate value of planned work BCWS BAC Budgeted at Complete total estimated value for all work planed through any given level authorized work 00:06 01:17 EV (Earned Value) time phased estimate value of completed work thorugh any given level and time period (BCWP) AC (Actual Cost) Actual Cost of Work Performed (ACWP) SV Seduled Variance EV-PV Positive (Ahead of Schedue) CV Cost Variance EV-AC Poisitve (Under Bud...