CAM Professional Standards & Ethics 3

Question 1

A CAM realizes a subordinate has been recording labor hours to the wrong charge number for three weeks. The ethical response is to:

Accepted Answer

Correct the records through the formal timekeeping correction process and address the training gap

Answer

Timekeeping errors must be corrected through documented formal processes, never offset or hidden.

Question 2

During an Integrated Baseline Review (IBR), a CAM is coached to give rehearsed answers that hide known baseline weaknesses. Ethically, the CAM should:

Accepted Answer

Answer all review questions truthfully, including acknowledging known weaknesses

Answer

IBRs depend on candid disclosure, and concealing known weaknesses undermines the review's purpose.

Question 3

What is the primary ethical concern with a CAM using management reserve (MR) to mask a cost overrun?

Accepted Answer

MR is for unforeseen in-scope work, not for hiding performance variances

Answer

Using management reserve to erase visible variances conceals true performance from stakeholders.

Question 4

A CAM learns confidential proprietary data from a former employer would help win a current bid. Using that data would violate:

Accepted Answer

Procurement integrity and confidentiality obligations

Answer

Using a former employer's proprietary data breaches confidentiality duties and procurement integrity rules.

Question 5

Which behavior best reflects professional accountability for a CAM whose control account has a significant unfavorable cost variance?

Accepted Answer

Owning the variance, analyzing root causes, and presenting a credible corrective action plan

Answer

Professional accountability means owning results, diagnosing causes, and driving corrective action.

(CAM) Control Account Manager Certification Practice Test

(CAM) Control Account Manager Certification Practice Test

CAM Professional Standards & Ethics 3