9 Questions Well Answered
Defense Contract Audit Agency (DCAA)
responsible for conducting audit reviews of the contractor's accounting system policies,
procedures and activities. Also the contract auditor assigned by the DCAA participates
in surveillance and earned value management system review if a
EVM Systems guidelines ensures that contractors have and use _________ that
integrate cost, schedule, and technical performance.
adequate management systems
Earned Value Management (EVM)
establish performance standards for Federal budget expenidutures, report cost,
schedule and performance goals and report performance information and evaluate
progress for system acquisitions
Earned Value Management is historically based in the 20th century manufacturing
concepts
TRUE
The 32 EVMS guidelines are defined in _________.
Electronic Industries Alliance Standard 748 (EIA-748)
Name the nine management processes.
1. Organizing
2. Scheduling
3. Work/Budget Authorization
4. Accounting
5. Indirect Management
6. Managerial Analysis
7. Change Incorporation
8. Material Management
9. Subcontract Management
For contract greater than 100M:
must be:
-in compliance with EIA-748 guidelines
-formal EVM system approval by the contracting officer
-Integrated Program Management Report (IPMR)
-Integrated Baseline Review (IBR)
-Ongoing Surveillance
IPMR
required at least monthly and provides performance data that is used to identify
potential problems and forecast future contract performance. Also the primary means of
documenting the ongoing communication between the contractor and the program
manager
IBR