CAM Foundational Concepts & Principles 3

Question 1

Which element is NOT part of the Performance Measurement Baseline?

Accepted Answer

Management reserve

Answer

Management reserve is held outside the PMB for unknown risks, while distributed budget, undistributed budget, and summary level planning packages are within it.

Question 2

A work package differs from a planning package primarily because a work package is:

Accepted Answer

Near-term, detail-planned effort with assigned earned value techniques

Answer

Work packages are detail-planned near-term tasks with specific earned value methods, while planning packages hold far-term budget pending detail planning.

Question 3

Under rolling wave planning, what must a CAM do before a planning package's work begins?

Accepted Answer

Convert it into detail-planned work packages without changing its total budget or scope

Answer

Planning packages must be converted to work packages before work starts, preserving scope, schedule, and budget traceability.

Question 4

Which earned value technique is most appropriate for a discrete work package spanning two months with two distinct outputs?

Accepted Answer

Milestone weights or fixed formula such as 50/50

Answer

Short discrete work with identifiable outputs is best measured with milestone or fixed-formula techniques like 50/50 or 25/75.

Question 5

Why is Level of Effort (LOE) the least preferred earned value technique?

Accepted Answer

It earns value with the passage of time, so it can never show a schedule variance

Answer

LOE automatically earns its budget as time passes, masking schedule performance and diluting meaningful variances.

(CAM) Control Account Manager Certification Practice Test

(CAM) Control Account Manager Certification Practice Test

CAM Foundational Concepts & Principles 3