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Earned Value Management Flashcards

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  1. Which monthly report do contractors submit to provide EVM data to the government program office?

    Answer: Contract Performance Report (CPR)

    The Contract Performance Report (CPR) is the primary monthly EVM data submission from the contractor to the government, covering five reporting formats.

  2. Under DFARS, which contract types and dollar threshold generally require a contractor to maintain a compliant Earned Value Management System (EVMS)?

    Answer: Cost or incentive contracts with a value of $20 million or more

    DFARS 252.234-7002 requires EVMS compliance for cost or incentive contracts valued at $20 million or more.

  3. What is the primary objective of the Integrated Baseline Review (IBR)?

    Answer: To jointly validate that the PMB is technically achievable, realistic, and measurable

    The IBR is a joint government-contractor review that validates the PMB is logically structured, technically sound, and measurable.

  4. How many guidelines does ANSI/EIA-748 define for a compliant Earned Value Management System?

    Answer: 32

    ANSI/EIA-748 establishes 32 EVMS guidelines across five process areas: organization, planning and budgeting, accounting, analysis, and revisions.

  5. What is the primary function of a Work Breakdown Structure (WBS) in an EVM environment?

    Answer: To decompose total program scope into manageable elements for cost, schedule, and performance control

    The WBS product-oriented decomposition of program scope forms the fundamental framework for planning, budgeting, and measuring EVM performance.

  6. What is the purpose of a Significant Variance Threshold (SVT) in EVM reporting?

    Answer: To trigger mandatory written variance analysis when cost or schedule deviations exceed defined limits

    SVTs define the cost or schedule variance levels that obligate the contractor to provide written analysis explaining the cause, impact, and corrective action in the CPR.

  7. Which EVM term describes distributing a program's total budget across specific time periods to reflect planned resource expenditures?

    Answer: Time-phasing

    Time-phasing spreads authorized budgets across the program schedule by time period, creating the time-based spending plan that forms the PMB.