CDFM MODULE 4 EXAM 2023-2024 REAL EXAM 150
QUESTIONS AND CORRECT ANSWERS(DETAILED
ANSWERS)
What is the most important step in EVM system? - Answer Is
... [Show More] the establishment of
the Performance Measurement Baseline (PMB)or the Budgeted Cost of Work
Schedule (BCWS)
What is the PMB in and EVM? - Answer The PMB includes the undistributed budget,
all summary level planning package budgets, and all control account budgets. It
does not include management reserve.
What is the final step of the PMB? - Answer Is to classify work, to allocate the budget
and to time phase the control account work package budgets. This last phase is
calculate BWCS
How do we classify work packages in EVM? - Answer in 3 categories, Discrete,
apportioned effort, and level of effort.
Describe the realignment of the PMB - Answer Rebaselining, Replanning, and
Reprogramming
What is Reprogramming? - Answer Reprogramming is a comprehensive realignment
of the remaining performance measurement baseline that results in a total budget
and/or total schedule that exceeds the contractual requirements. It is the process
that results in an Over-Target Baseline or OTB and an Over-Target Schedule OTS.
Schedule Performance Index (SPI) formula - Answer SPI=BCWP/BCWS
Estimate at Completion (EAC) formula - Answer EAC=ACWP+[(BACBCWP)/(Performance Factor)]
EAC Compsite formula - Answer ACWPcum+[(BAC-BCWPcum)/(CPIcum*SPIcum)]
Upper Value (worst case)
EVM Terminology - Answer EAC=Estimate at Completion
BAC=Budget at Completion(current)
BCWS=Budget Cost of Work Scheduled (current)
BWCP=Budget Cost of Work Performed (earned value)
ACWP=Actual Cost of Work Performed
What is the Contractor Cost and Software Data Reporting (CSDR) - Answer The
CSDR system involves two formal contractor reports, the COntractor Cost Data
Report (CCDR) and the Software Resources Data Report (SRDR)
What is Contract Performance Report (CPR) - Answer The PM should obtain from
the contractor a CPR (DD form 2734) on all contracts the meet or exceed EVMS
CDFM MODULE 4 EXAM 2023-2024 REAL EXAM 150
QUESTIONS AND CORRECT ANSWERS(DETAILED
ANSWERS)
dollar thresholds and require EVMS compliance. The CPR provides contract cost
and schedule performance for program mangement.
What is Contract Funds Status Report (CFSR) - Answer (DD 1586) has no specific
application thresholds but PMs should evaluate contracts of less than $1.3M. FFP
contracts should not apply the CFSR unless unusual circumnstances dictate funding
visibility.
What is Government Contract Quality Assurance (GCQA) - Answer DCMA Q&A
personnel conducts quality assurance as identified in contract administration
delegations by the KO.
What is Independent Management Reviews (Peer Reviews) - Answer The Director,
DPAP organizes review teams and facilitate pre-award and post-award peer reviews
for all service contracts with a value of $1B or more (including options)
What are Milestone Decision Points? - Answer Milestione Decision Point [Show Less]