CAM Industry Regulations & Compliance 2

Question 1

Under EIA-748, how many guidelines must a compliant Earned Value Management System (EVMS) address?

Accepted Answer

32

Answer

EIA-748 defines 32 guidelines grouped into five process areas that a compliant EVMS must satisfy.

Question 2

Which DFARS clause requires contractors to maintain an EVMS compliant with EIA-748 on applicable DoD contracts?

Accepted Answer

DFARS 252.234-7002

Answer

DFARS 252.234-7002 is the Earned Value Management System clause mandating EIA-748 compliance.

Question 3

At what contract value threshold does DoD policy generally require a formally validated EVMS?

Accepted Answer

$100 million or more

Answer

Contracts of $100 million or more require an EVMS validated by the cognizant federal agency, while $50 million to under $100 million requires EIA-748 compliance without formal validation.

Question 4

A CAM discovers that budget was transferred from a future work package to cover a current overrun without any scope transfer. What compliance problem does this represent?

Accepted Answer

Retroactive or improper budget shifting that masks true performance

Answer

Moving budget without corresponding scope hides variances and violates EVMS guidelines on maintaining baseline integrity.

Question 5

Which government agency typically serves as the cognizant review authority for EVMS validation on DoD contracts?

Accepted Answer

Defense Contract Management Agency (DCMA)

Answer

DCMA performs EVMS compliance reviews and validation for most DoD contracts.

(CAM) Control Account Manager Certification Practice Test

(CAM) Control Account Manager Certification Practice Test

CAM Industry Regulations & Compliance 2