EVM EVM Baseline and Work Authorization

Question 1

What does PMB stand for in an EVM system?

Accepted Answer

Performance Measurement Baseline

Answer

Project Management Budget

Answer

Planned Measurement Baseline

Answer

Program Master Budget

Question 2

The Performance Measurement Baseline (PMB) equals:

Accepted Answer

Contract Budget Base minus Management Reserve

Answer

BAC plus Management Reserve

Answer

Contract Budget Base minus Undistributed Budget

Answer

Total Allocated Budget minus Management Reserve

Question 3

A Control Account (CA) in EVM is:

Accepted Answer

A management control point where scope, budget, and schedule are integrated

Answer

An accounting ledger for tracking actual costs

Answer

A report summarizing contractor performance

Answer

A WBS element at the lowest level

Question 4

Management Reserve (MR) in EVM is:

Accepted Answer

Budget set aside for unplanned in-scope work authorized by management

Answer

Budget reserved for out-of-scope contract changes

Answer

A contingency fund for schedule risks

Answer

Part of the Performance Measurement Baseline

Question 5

Undistributed Budget (UB) in EVM refers to:

Accepted Answer

Budget that is part of the CBB but not yet allocated to Control Accounts

Answer

Budget that has been spent but not yet assigned to a work package

Answer

Reserves held outside the contract budget base

Answer

Budget from expired work packages

Question 6

What is a Planning Package in EVM?

Accepted Answer

A holder for future scope within a Control Account that is not yet planned in detail

Answer

A completed work package that has been closed out

Answer

A management reserve allocation

Answer

A summarized WBS element above the Control Account