CAM Advanced Techniques & Methods 5

Question 1

A CAM is preparing an Estimate to Complete (ETC) using a bottoms-up approach. What does this require?

Accepted Answer

A detailed re-estimate of all remaining tasks based on current knowledge

Answer

A bottoms-up ETC re-estimates each remaining task in detail rather than relying on index-based formulas.

Question 2

Which document authorizes a CAM to begin work and establishes the scope, schedule, and budget for a control account?

Accepted Answer

The work authorization document

Answer

Formal work authorization documents the agreement on scope, schedule, and budget before work begins.

Question 3

A CAM sees repeated favorable cost variances caused by front-loaded budget in early work packages. What EVMS risk does this create?

Accepted Answer

A rubber baseline that masks true performance and defers problems to later periods

Answer

Front-loading budgets creates artificial early favorable variances that hide problems until late in the effort.

Question 4

In an integrated cost-schedule risk analysis, what is the purpose of running a Monte Carlo simulation on the IMS?

Accepted Answer

To produce a probability distribution of completion dates and costs under uncertainty

Answer

Monte Carlo simulation models schedule and cost uncertainty to give confidence levels rather than single-point estimates.

Question 5

A CAM must incorporate a customer-directed scope addition into their control account. What is the correct sequence?

Accepted Answer

Receive authorized change, update the baseline through change control, then perform the work

Answer

Authorized changes flow through formal baseline change control before execution to keep scope, schedule, and budget aligned.

(CAM) Control Account Manager Certification Practice Test