CAM Advanced Techniques & Methods 3

Question 1

During an Integrated Baseline Review (IBR), what is the CAM primarily expected to demonstrate?

Accepted Answer

Understanding of the scope, schedule, budget, and risks in their control account

Answer

The IBR assesses whether the CAM understands and can execute the baseline plan for their control account, including its risks.

Question 2

A CAM's variance analysis report must include which three core elements to be considered complete?

Accepted Answer

Root cause, impact, and corrective action plan

Answer

Complete variance analysis explains why the variance occurred, what it affects, and how it will be corrected or managed.

Question 3

Which technique should a CAM use to earn value on a 9-month work package with multiple tangible interim outputs?

Accepted Answer

Weighted milestones

Answer

Weighted milestones assign budget to discrete interim events, making them ideal for longer work packages with tangible outputs.

Question 4

What distinguishes apportioned effort from level of effort in earned value measurement?

Accepted Answer

Apportioned effort's earned value is tied to the performance of a related discrete work base

Answer

Apportioned effort earns value as a factor of a related discrete task's performance, unlike LOE which earns planned value automatically.

Question 5

A CAM discovers actual costs were charged to the wrong control account. What is the proper corrective method?

Accepted Answer

Process a documented accounting adjustment moving costs to the correct account

Answer

Misbooked costs must be corrected through documented accounting transfers, never by manipulating budget or earned value.

(CAM) Control Account Manager Certification Practice Test