CAM Advanced Techniques & Methods 4

Question 1

A control account has a −12% cumulative cost variance that exceeds the reporting threshold. As CAM, what is your first analytical step?

Accepted Answer

Isolate which work packages are driving the variance

Answer

Variance analysis starts by drilling down to the specific work packages and cost elements causing the deviation.

Question 2

What is the primary purpose of maintaining undistributed budget (UB) in an EVMS?

Accepted Answer

To temporarily hold budget for authorized work not yet distributed to control accounts

Answer

UB is a short-term holding account for budget associated with authorized scope awaiting distribution to control accounts.

Question 3

During a schedule risk assessment, the CAM identifies a critical-path task in their control account slipping 3 weeks. Which analysis best quantifies the downstream impact?

Accepted Answer

Critical path analysis with total float evaluation in the IMS

Answer

Impact of a critical-path slip is assessed through the integrated master schedule's network logic and float analysis.

Question 4

A CAM wants to use management reserve (MR) to cover newly identified in-scope risk work. What is the correct process?

Accepted Answer

Request MR through a documented budget change request approved by the program manager

Answer

MR is controlled by the program manager and released only through formal, documented baseline change control.

Question 5

Which condition would justify an Over-Target Baseline (OTB) rather than internal replanning?

Accepted Answer

The remaining budget is insufficient for remaining work and variances make the baseline unusable for management

Answer

An OTB is a formal reprogramming used when the existing baseline no longer provides a realistic basis for performance management.

(CAM) Control Account Manager Certification Practice Test

(CAM) Control Account Manager Certification Practice Test

CAM Advanced Techniques & Methods 4