Exam (elaborations)
ACQ 101 Module 9 Earned Value Management Exam 2024
ACQ 101 Module 9 Earned Value Management Exam 2024
[Show more]
Content preview
ACQ 101 Module 9 Earned ValueManagement Exam 2024
What is earned value management EVM governed by? - -government
performance and results act of 1993 GPRA; federal acquisition streamlining
act of 1994 Title V FASA V; Information technology management reform act
of 1996 ITMRA and clinger cohen
-What is the purpose of EVM? - -establish performance standards for federal
budget expenditures; report cost, schedule and performance goals, report
performance information and evaluate progress for system acquisitions
-EVM is historically based in the 20th century manufacturing concepts? - -
True
-EVM is a management tool for measuring project performance and progress
in an objective manner? - -True; it provides the PM with contractor cost,
schedule and performance information
-What is the DoD standard for EVM systems? - -DODI 5000.02 establishes
EIA standard 748
-What is the Integrated Program Management Report IPMR? - -primary
means of documenting the ongoing communication between the contractor
and the PM. The IPMR is used to report to date cost and schedule metric
trends.
-What is the Contract Funds Status Report CFSR? - -contract fund
requirements, funding changes, budget estimates, rough estimates of
termination costs, funds availability, etc.
-The IPMR provides performance data that are used to identify problems
early in the contract and forecast future contract performance. The CFSR
supplies funding data about a defense contract to PMs? - -True
-How many calendar days after the contract is awarded does the DoD
acquisition policy require the PMs to conduct an IBR on EVM contracts? - -
180 days
-Does EVM apply throughout the acquisition life cycle when the government
shares the risk with the contractor? - -True
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.98. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now