ACQ 101 Module 09 & Exam- Earned Value Management complete exam questions and answers new update 2023

ACQ 101 Module 09 & Exam- Earned Value Management complete exam questions and answers new update 2023 EVM is historically based in the 20th century manufacturing concepts. - One of the benefits of EVM in the defense acquisition process is to provide the PM with valid cost, schedule, and technical progress information. - * Which report is used as the primary means of documenting the ongoing communication between the contractor and the PM and reporting to date cost and schedule metric trends? - The Contract Funds Status Report provides the PMs which of the following information? (Select all that apply) - 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 Government Program Managers (PM). - How many calendar days after the contract is awarded does the DoD acquisition policy require the PMs to conduct an IBR on EVM contracts? - Earned Value Management (EVM) applies throughout the acquisition life cycle when the Government shares the risk with the contractor. - Which DoD agency is responsible for ensuring the integrity and application effectiveness of contractor EVMS? Who is authorized to approve a contractor's EVMS? - Which of the following are implementation requirements in the EVM Implementation Guide? (Select all that apply) Which of the EVM Independent Variables is also called Earned Value? - Which metrics provide PMs with cost and schedule performance? - Which of the following metrics provide the PMs a method to measure cost and schedule variances from the budgeted targets?(Select all that apply) - Which of the following formulas can be used to acquire Cost Variance? - The difference between the contractor and the Government calculating EAC is that the contractor's EAC is normally derived from updating EACs at the control account level and summarized up the WBS structure allowing for an EAC at any level. The Government uses formulas based on contractor performance metrics to calculate EACs. These formulas can be used to predict the EAC based upon the past history of contractor performance on the contract. - Which report is used as the primary means of documenting the ongoing communication between the contractor and the PM and reporting to date cost and schedule metric trends? - Which DoD agency is responsible for ensuring the integrity and application effectiveness of contractor EVMS? - Which of the EVM Independent Variables is also called Earned Value? - Which of the following formulas can be used to acquire Cost Variance? - The EVMS guidelines identified by EIA-748 address how many management processes? - How many calendar days after the contract is awarded does the DoD acquisition policy require the PMs to conduct an IBR on EVM contracts? Which metrics provide PMs with cost and schedule performance?