EVM Certification Data Analysis & Reporting 5

Question 1

Where is EV typically measured and EV technique applied?

Accepted Answer

Work packages within control accounts

Answer

EV is earned at work package or planning package level within control accounts.

Question 2

Management reserve is included in which?

Accepted Answer

Contract Budget Base but not the PMB

Answer

MR is held outside the PMB but within the CBB.

Question 3

A work package shows EV greater than its BAC. What does this suggest?

Accepted Answer

A data error or improper EV claim

Answer

EV cannot exceed the budget for the scope; this indicates a data problem.

Question 4

Why does AC include accruals?

Accepted Answer

To capture work performed but not yet invoiced or paid

Answer

Accruals match cost to the period when work was performed.

Question 5

What is the purpose of an Over Target Baseline?

Accepted Answer

Reset budgets when remaining work can't be managed against the existing baseline

Answer

An OTB incorporates cost overrun into the baseline with customer approval.

EVM Certification Practice Test