Practice Test Geeks(CAM) Control Account Manager Certification Practice Test
← All CAM Flashcard Decks

Earned Value Management Flashcards

7 cards from real CAM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Earned Value Management flashcards as text

  1. A CAM discovers actual costs were charged to the wrong control account. What is the proper corrective action?

    Answer: Process a cost transfer correcting the mischarge with documented justification

    Misbooked actuals must be corrected through a documented cost transfer, never by manipulating earned value or budgets.

  2. Which document authorizes a CAM to begin work and defines the scope, schedule, and budget of a control account?

    Answer: Work authorization document

    The work authorization document formally releases scope, schedule, and budget to the CAM before work begins.

  3. During an integrated baseline review (IBR), what is the primary focus regarding control accounts?

    Answer: Assessing whether the baseline is realistic and risks are understood

    An IBR validates that the performance measurement baseline is achievable and that CAMs understand their scope, schedule, budget, and risks.

  4. A control account shows SPI of 1.10 and CPI of 0.80. What is the best interpretation?

    Answer: Work is ahead of schedule but costing more than planned

    SPI above 1.0 means ahead of schedule, while CPI below 1.0 means each earned dollar costs more than budgeted.

  5. What is the correct handling of budget for authorized, unpriced work (AUW) that has been negotiated but not yet distributed to control accounts?

    Answer: Hold it in undistributed budget until it is allocated

    Budget not yet distributed to control accounts is held in undistributed budget, which is part of the PMB.

  6. A CAM wants to change the earned value method on an open work package from milestone-weighted to percent complete because performance looks poor. Why is this prohibited?

    Answer: Retroactive changes to measurement methods mask true performance and violate EVMS discipline

    Changing measurement methods on in-process work to improve reported results distorts performance data and breaches EVMS guidelines.

  7. Which element of a control account plan time-phases the budget over the period of performance?

    Answer: The BCWS spread by accounting period

    The time-phased BCWS establishes when budget is planned to be earned, forming the account's schedule baseline for measurement.