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Army DAU ACQ101 EVM
Earned Value Management, Lesson 14
59
Business
Professional
07/12/2011

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Term
Earned Value Management is a management technique that integrates r_________ p________ with t_______ p_________ and s________.
Definition
resource planning
technical performance
schedules
Term
______ _______ uses objective measures to determine the value of the work completed and to project trends.
Definition
Earned Value
Term
What 3 public laws control EVM?
Definition
GPRA
FASA V
ITMRA/Clinger-Cohen
Term
GPRA
Definition
Government Performance & Results Act
Term
FASA V
Definition
Federal Acquisition Streamlining Act of 1994 - Title V
Term
ITMRA
Definition
Information Technology Management Reform Act of 1996 (aka Clinger-Cohen Act)
Term
The purpose of EVM are:

1. Establish p______ s_______ for Federal budget.
2. Report c____, s______, and p______ g_____ and evaluate progress.
3. Report performance i______ s_______ acquisition.
Definition
1. Performance Standards
2. cost, schedule, performance goals
3. information systems
Term
EVM guidelines evolved out of what?
Definition
C/SCSC in the 1990's
Term
EVM is a tool that allows both Government and contractor Program Managers to have v______ into technical, cost, and schedule planning, performance, and progress on their c______.
Definition
visibility
contracts
Term
The visibility offered by EVM provides insight into c_______ p_______ and the estimated p_______ c_______ p_______ on technical, schedule, and cost.
Definition
contract performance
probable completion positions
Term
___ is a recognized function of ______ ______, as it ensures that cost, schedule, and technical aspects of the contract are truly _______.
Definition
EVM
program management
integrated
Term
Who developed the Earned Value Management System Guidelines and how many are there?
Definition
The American National Standards Institute/Electronic Industries Alliance (ANSI/EIA)
32 Guidelines
Term
ANSI/EIA-748
Definition
Earned Value Management Guidelines
Term
C/SCSC
Definition
Cost/Schedule Control System Criteria
Term
(T/F) EVMS Guidelines are narrow enough to allow for detailed analysis.
Definition
False
EVMS Guidelines are broad enough to allow for common sense application.
Term
(T/F)
EVMS Guidelines provide thorough planning of all program work scope to completion.
Definition
True
Term
(T/F)
EVMS Guidelines integrate work scope, schedule, and cost objectives.
Definition
True
Term
(T/F)
EVMS Guidelines guarantee that the program is delivered on schedule.
Definition
False
Term
(T/F)
EVMS Guidelines provide early identification of problems and risk mitigation actions.
Definition
True
Term
(T/F)
EVMS Guidelines ensure the final contract costs will equal the original cost estimate.
Definition
False
Term
(T/F)
EVMS Guidelines provide visibility into subcontractor performance.
Definition
True
Term
EVM is primarily a tool for the

a. Contracting Officer
b. Program Manager
c. Business Financial Manager
d. Cost Estimator
e. All of the above
Definition
b
Term
What types of contracts are required to comply with the following EVM Guidelines?

Formal EVM system validation
Contract Performance Report
Integrated Master Schedule
Integrated Baseline Reviews
Ongoing Surveillance
Definition
Contracts over $50M
Term
(T/F)
Contracts under $50M do not require formal validation of their EVM system.
Definition
True
Term
(T/F)
Any contract over $15M requires and Integrated Master Schedule and ongoing surveillance.
Definition
False
$20M
Term
(T/F)
EVM is required for all contracts.
Definition
False
Not required under $20M, it's a risk-based decision
Term
What is required on contracts under $20M in lieu of EVM?
Definition
Cost-benefit analysis is required
Term
What are the 9 categories for the 32 EVMS Guidelines?

O2SACI2MWba
Definition
Organizing
Scheduling
Subcontract Management
Accounting
Change Incorporation
Indirect Management
Managerial Analysis
Materiel Management
Work/Budget Authorization
Term
EVMS 9 Categories

Defining work & assigning tasks
Definition
Organizing
Term
EVMS 9 Categories

Evaluating deviations from plan using progress indicators
Definition
Scheduling
Term
EVMS 9 Categories

PMB and controlling undistributed budgets
Definition
Work/Budget Authorization
Term
EVMS 9 Categories

Summarize costs by OBS, WBS, and Unit/Lot
Definition
Accounting
Term
EVMS 9 Categories

Assigning managerial responsibility for costs
Definition
Indirect Management
Term
EVMS 9 Categories

Analyzing cost and schedule variances at the control account level
Definition
Managerial Analysis
Term
EVMS 9 Categories

Important for providing traceability to previous budgets
Definition
Change Incorporation
Term
EVMS 9 Categories

Establishing budgets for materiel items
Definition
Materiel Management
Term
EVMS 9 Categories

Ensuring that ALL work complies with industry standards or appropriate requirements
Definition
Subcontract Management
Term
PMB
Definition
Performance Management Baseline
Term
When does EVM begin?
Definition
With the formulation of the Acquisition Strategy
Term
EVM is an essential element of pre-_____ and post-______ contract management.
Definition
award
award
Term
Where would you look for guidance regarding procedures for instituting and monitoring an EVMS?
Definition
Part II of the Earned Value Management Implementation Gide (EVMIG)
Term
EVMIG
Definition
Earned Value Management Implementation Guide
Term
What five DoD organizations are responsible for EVM?
Definition
DoD Executive Agent
EVMS Focal Points
Procuring Activity (Program Management Office)
Contract Management Office
Contract Auditor
Term
DCMA
Definition
Defense Contract Management Agency
Term
What is the role of the DoD EVM Executive Agent?
Definition
Ensuring the integrity and implementation of EVM
Term
Who is the DoD Executive Agent?
Definition
DCMA
Term
What is the responsibility of each Service EVMS Focal Point?
Definition
Implementation of EVMS
Term
This office is responsible for procuring activity and the correct Integrated Master Schedule for its contracts.
Definition
The Program Management Office
Term
Who administers contractual activities in support of the PMO and can withdraw acceptance of a contractor's EVMS?
Definition
The Administrative Contracting Officer who is part of the DCMA
Term
DCAA
Definition
Defense Contract Audit Agency
Term
Who conducts surveillance of EVMS?
Definition
Contract Auditors from DCAA
Term
What types of contracts type are exempt from EVM?
Definition
Firm Fixed Price (FFP)
Level of Effort (LOE)
Time & Materials (T&M)
Term
(T/F)
EVM is not included during the solicitation phase of contracting.
Definition
False
Sections C, I, J, L, and M all have requirements for EVM when the contract exceeds $20M
Term
How is EVMS considered during the evaluation phase of contracting?
Definition
Evaluators determine the probability that a contractor's proposed EVMS will meet the ANSI/EIA-748 guidelines.
Term
IBR
Definition
Integrated Baseline Review
Term
EVMS DFARS contract clauses require the contractor to support a government-contractor ____.
Definition
IBR
Term
Provide 3 essential EVMS elements of systems acquisition management post-contract award.
Definition
EVM System Validation
EVM System Surveillance
Integrated Baseline Review (IBR)
Term
This is a joint risk assessment of the EVM Performance Measurement Baseline.
Definition
IBR
Term
How soon must an IBR be conducting following contract award?
Definition
180 days
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