ACAP Earned Value Management 3

Question 1

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

Accepted Answer

Contract Performance Report (CPR)

Answer

Selected Acquisition Report (SAR)

Answer

Program Deviation Report (PDR)

Answer

Defense Contract Audit Report (DCAR)

Question 2

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

Accepted Answer

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

Answer

All defense contracts over $1 million

Answer

Fixed-price contracts over $100 million

Answer

All contracts requiring a Work Breakdown Structure

Question 3

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

Accepted Answer

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

Answer

To conduct an annual audit of contractor financial statements

Answer

To review technical specifications against contract requirements

Answer

To verify contractor compliance with earned value accounting standards

Question 4

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

Accepted Answer

32

Answer

16

Answer

25

Answer

48

Question 5

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

Accepted Answer

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

Answer

To define the contractor's organizational reporting hierarchy

Answer

To establish the sequence and dependencies of contract deliverables

Answer

To identify contract award fee evaluation criteria by milestone

Question 6

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

Accepted Answer

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

Answer

To identify technical deficiencies requiring corrective action reports

Answer

To determine when a contract modification is required for cost growth

Answer

To establish the level at which management reserve can be drawn down

Question 7

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

Accepted Answer

Time-phasing

Answer

Rubber baselining

Answer

Rolling wave planning

Answer

Budget loading