CAM Foundational Concepts & Principles 4

Question 1

Which guideline set is the industry standard defining EVMS requirements in the United States?

Accepted Answer

EIA-748 32 guidelines

Answer

EIA-748 defines the 32 guidelines that a compliant Earned Value Management System must satisfy.

Question 2

During an Integrated Baseline Review (IBR), what is the CAM most likely to be asked to demonstrate?

Accepted Answer

Understanding and ownership of their control account's scope, schedule, budget, and risks

Answer

IBRs verify that the baseline is realistic and that CAMs understand and own their scope, schedule, budget, and associated risks.

Question 3

A CAM wants to move budget from a completed, underrun work package into a struggling one to hide a variance. This practice is:

Accepted Answer

Prohibited, because retroactive budget changes distort performance history

Answer

Shifting budget to mask variances is a prohibited retroactive change that destroys the integrity of performance data.

Question 4

What is the correct order of budget flow-down in an EVMS?

Accepted Answer

Contract budget base to performance measurement baseline to control accounts to work packages

Answer

Budget flows from the contract budget base down through the PMB into control accounts and then into work packages and planning packages.

Question 5

Management reserve may properly be used to:

Accepted Answer

Budget newly identified in-scope work arising from realized risks

Answer

Management reserve covers unforeseen in-scope work, never variance elimination, out-of-scope effort, or profit.

(CAM) Control Account Manager Certification Practice Test