CAM Variance Analysis & Corrective Actions 2

Question 1

A control account's Schedule Performance Index (SPI) is 1.15. What does this indicate?

Accepted Answer

The project is accomplishing 15% more work than planned for time elapsed

Answer

An SPI greater than 1.0 indicates favorable schedule performance; the control account is earning more value than was planned for the period elapsed.

Question 2

In earned value management, what is a 'reprogramming' action?

Accepted Answer

A formal comprehensive rebaselining that establishes a new Performance Measurement Baseline

Answer

Reprogramming is a formal rebaselining action that creates a new PMB when the original baseline is no longer a viable management tool, typically requiring customer approval.

Question 3

A CAM observes that the period Schedule Variance is negative but the cumulative SV remains positive. What is the most likely correct interpretation?

Accepted Answer

Recent performance has declined but the project still has a schedule cushion from prior work

Answer

A negative period SV combined with a positive cumulative SV means recent performance has slowed but earlier favorable performance provides enough buffer to keep the project ahead overall.

Question 4

A schedule variance is traced to a delayed material delivery. Which corrective action most directly addresses the root cause?

Accepted Answer

Expedite the material delivery or re-sequence work to utilize available resources productively

Answer

Re-sequencing work or expediting the delivery directly attacks the root cause (material unavailability) while keeping the workforce productive during the delay.

Question 5

What is the primary purpose of an Estimate to Complete (ETC) in variance analysis?

Accepted Answer

To project the expected cost of completing all remaining authorized work

Answer

ETC represents the expected future cost to complete all remaining authorized work and is the key forward-looking input for projecting the final Estimate at Completion (EAC).

(CAM) Control Account Manager Certification Practice Test

(CAM) Control Account Manager Certification Practice Test

CAM Variance Analysis & Corrective Actions 2