CAM Earned Value Management 4

Question 1

A subcontractor performs 30% of a control account's discrete work. How should the CAM incorporate the subcontractor's performance?

Accepted Answer

Integrate subcontractor earned value data into the control account consistent with the EVMS

Answer

Subcontracted discrete effort must be measured and integrated into the prime's control account performance data.

Question 2

At month end, a control account has ACWP of $95,000, BCWP of $110,000, and BCWS of $120,000. Which statement is accurate?

Accepted Answer

The account is under budget but behind schedule

Answer

CV = 110,000 - 95,000 = +$15,000 (favorable cost) while SV = 110,000 - 120,000 = -$10,000 (behind schedule).

Question 3

What distinguishes a planning package from a work package within a control account?

Accepted Answer

A planning package holds far-term budget and scope not yet detail-planned

Answer

Planning packages hold time-phased budget for far-term scope that will be converted into detailed work packages before work starts.

Question 4

When should a CAM take earned value (BCWP) for material on a production contract?

Accepted Answer

At a point consistent with the plan, such as receipt, issuance, or consumption, matched to when costs are recorded

Answer

Material performance must be earned at a defined point aligned with cost recording to avoid artificial variances.

Question 5

A program undergoes an over-target baseline (OTB). What does this action involve?

Accepted Answer

Formally replanning with total allocated budget exceeding the contract budget base

Answer

An OTB is a recognized reprogramming action where TAB exceeds CBB to establish a realistic baseline for remaining work, with customer notification.

(CAM) Control Account Manager Certification Practice Test