CCP Earned Value Management Flashcards
6 cards from real CCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CCP Earned Value Management flashcards as text
Which document formally authorizes work within a control account and establishes the budget baseline for that work package?
Answer: Work Authorization Document (WAD)
A Work Authorization Document (WAD) officially releases a control account manager to begin work and establishes the authorized scope and budget.
In EVM, Variance at Completion (VAC) is calculated as:
Answer: BAC - EAC
VAC = BAC - EAC; a negative VAC forecasts that the project will finish over budget.
Apportioned effort in EVM is work that:
Answer: Bears a direct, measurable relationship to another base work package
Apportioned effort tracks earned value proportionally to a related discrete work package, such as quality inspection tied to production output.
An Integrated Baseline Review (IBR) is conducted to:
Answer: Verify that the PMB is realistic and the contractor understands the scope
An IBR is a joint government-contractor review that confirms the Performance Measurement Baseline is comprehensive, consistent, and achievable.
Which EVM element represents the total amount of budget authorized for a project, including management reserve?
Answer: Contract Budget Base (CBB)
The Contract Budget Base (CBB) equals the negotiated contract cost plus authorized, unpriced work, and represents the total authorized project budget including management reserve.
When using the 50/50 EVM measurement technique, earned value is credited:
Answer: 50% when work starts and 50% when work completes
The 50/50 method credits half the task's budget at start and the remaining half upon completion, balancing simplicity with incentive to finish.