CAM Earned Value Management 2

Question 1

A control account has BCWS of $200,000 and BCWP of $180,000 at the end of the month. What is the schedule variance (SV)?

Accepted Answer

-$20,000

Answer

SV = BCWP - BCWS = $180,000 - $200,000 = -$20,000, indicating the account is behind schedule.

Question 2

Which earned value technique is MOST appropriate for a discrete work package spanning two accounting periods with a clear start and end milestone?

Accepted Answer

50/50 method

Answer

The 50/50 method earns half the budget at start and half at completion, fitting short discrete tasks that span two periods.

Question 3

A CAM reports CPI of 0.85 on a control account with a BAC of $500,000. Using a CPI-based EAC formula, what is the estimate at completion?

Accepted Answer

Approximately $588,000

Answer

EAC = BAC / CPI = $500,000 / 0.85 ≈ $588,235, projecting the overrun continues at the current efficiency.

Question 4

In an EVMS-compliant baseline, where does management reserve (MR) reside?

Accepted Answer

Outside the performance measurement baseline but within the contract budget base

Answer

MR is held above the PMB by the program manager and is not part of any control account until formally allocated.

Question 5

Which condition requires a variance analysis report (VAR) from a Control Account Manager?

Accepted Answer

A cost or schedule variance exceeds established thresholds

Answer

VARs are triggered when variances breach the dollar or percentage thresholds defined in the program's EVM system description.

(CAM) Control Account Manager Certification Practice Test