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

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

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

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

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

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

Question 4

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

Accepted Answer

32

Answer

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

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

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

ACAP - Army Cost Analysis Position Practice Test

ACAP - Army Cost Analysis Position Practice Test

ACAP Earned Value Management 3