Defense Acquisition University PMT 252 PMT 252 Mod 6 test

Document Content and Description Below

PMT 252 Mod 6 1. The contractor provides a trend chart for the most recent 12 months of work. You notice the Budgeted Cost of Work Scheduled (BCWS) and Budgeted Cost of Work Performed (BCWP) lines ... are trending in a similar upward arc while the Actual Cost of Work Performed (ACWP) line, while moving in an upward trend, is significantly lower than the BCWS and BCWP lines. What does this indicate? a. The actual cost to perform the work is less than the budgeted cost to perform the work. 2. Why is the Performance Measurement Baseline (PMB) important to Earned Value Management (EVM)? (Select two that apply.) a. It represents authorized work, including a realistic network schedule/ it explains how the values used in the EVM are achieved. 3. Which of the following is the definition for Actual Cost of Work Performed (ACWP) in Earned Value Management (EVM)? a. The cost actually incurred in accomplishing the work performed. 4. Given the following trend chart, what is the Cost Performance Index (CPI)? CPI=BWCP/ACWP a. 500/975 = .51 5. Info is provided: BCWS = $30, BCWP = $40, ACWP = $24. Is the Schedule Performance Index (SPI) more or less efficient than planned? a. Work is being performed efficiently. BCWP/BCWS = SPI 40/30 = .6 6. Which of the following are objectives of the Integrated Baseline Review (IBR) used for Earned Value Management (EVM)? (Select two statements that apply.) a. Key schedule milestones are identified / Technical scope of work is fully included 7. You are a program manager (PM) who has just subcontracted Premium Floors, Inc to lay out 100 meters of platinum flooring in 10 days at a cost of $100. Premium Floors, Inc. plans to lay out 10 meters of flooring every day for 10 days to meet their goal. At the end of Day 3, they report to you that they’ve spent $8 on the effort every day thus far. What is the Actual Cost of Work Performed (ACWP) at the end of Day 3? a. $24 8. In the Six-Period Summary Report used for Earned Value Management (EVM) program analysis, this section provides an estimate of the predicted final program costs and variances. Which component is being described? a. Statistical and Independent Forecasts b. Current Period Data 9. What is the first step of the Integrated Baseline Review (IBR) process used for Earned Value Management (EVM)? a. The program manager (PM) assesses his/her understanding of the risks. 10. Info is provided: BCWS = $30, BCWP = $40, ACWP = $24. How would Schedule Variance (SV) be determined from this data? a. SV = BCWP – BCWS 11. You’re looking at the program’s six-period summary report and read these values in the Cost Variance (CV) row of the “Cumulative-to-Date Data” section. Jan 18: - 478.8; Feb 18: -589.2; Mar 18: -732.7; Apr 18: -904.4; May 18: -1005.8; Jun 18: - 1089.6 [Show More]

Last updated: 1 year ago

Preview 1 out of 2 pages