Practice Test Geeks(CAM) Control Account Manager Certification Practice Test
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Industry Regulations & Compliance Flashcards

7 cards from real CAM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Industry Regulations & Compliance flashcards as text

  1. Under EIA-748, how many guidelines must a compliant Earned Value Management System (EVMS) address?

    Answer: 32

    EIA-748 defines 32 guidelines grouped into five process areas that a compliant EVMS must satisfy.

  2. Which DFARS clause requires contractors to maintain an EVMS compliant with EIA-748 on applicable DoD contracts?

    Answer: DFARS 252.234-7002

    DFARS 252.234-7002 is the Earned Value Management System clause mandating EIA-748 compliance.

  3. At what contract value threshold does DoD policy generally require a formally validated EVMS?

    Answer: $100 million or more

    Contracts of $100 million or more require an EVMS validated by the cognizant federal agency, while $50 million to under $100 million requires EIA-748 compliance without formal validation.

  4. A CAM discovers that budget was transferred from a future work package to cover a current overrun without any scope transfer. What compliance problem does this represent?

    Answer: Retroactive or improper budget shifting that masks true performance

    Moving budget without corresponding scope hides variances and violates EVMS guidelines on maintaining baseline integrity.

  5. Which government agency typically serves as the cognizant review authority for EVMS validation on DoD contracts?

    Answer: Defense Contract Management Agency (DCMA)

    DCMA performs EVMS compliance reviews and validation for most DoD contracts.

  6. During an Integrated Baseline Review (IBR), the primary compliance objective is to verify that the:

    Answer: Performance Measurement Baseline realistically captures all authorized scope, schedule, and budget

    An IBR confirms the Performance Measurement Baseline is realistic and covers the entire authorized work scope with adequate resources.

  7. Which of the five EIA-748 guideline categories addresses the requirement to record direct costs in a manner consistent with budgets?

    Answer: Accounting Considerations

    The Accounting Considerations category requires direct costs to be recorded consistently with the way work is budgeted and performed.