Practice Test Geeks(CAM) Control Account Manager Certification Practice Test
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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. Under EIA-748 guidelines, retroactive changes to previously reported BCWS, BCWP, or ACWP are permitted only for what purpose?

    Answer: Correcting errors, accounting adjustments, or customer-directed changes

    EIA-748 restricts retroactive data changes to legitimate corrections and directed adjustments, never to alter apparent performance.

  2. A control account with a $400,000 BAC is 60% complete with ACWP of $270,000. What is the cost variance?

    Answer: -$30,000

    BCWP = 0.60 × $400,000 = $240,000, so CV = $240,000 - $270,000 = -$30,000.

  3. During a surveillance review, a CAM cannot explain the basis for claimed percent complete on a work package. What EVMS weakness does this indicate?

    Answer: Lack of objective, verifiable criteria for measuring work accomplishment

    Earned value claims must rest on objective, documented criteria; unsupported percentages undermine data integrity.

  4. What is the primary purpose of freeze period controls on the baseline?

    Answer: To prevent changes to near-term budgets and schedules that would obscure current performance

    Freeze periods restrict near-term replanning so current-period variances reflect real performance rather than baseline churn.

  5. Which corrective action is MOST appropriate when a CAM's variance analysis identifies a recurring labor rate overrun outside the CAM's control?

    Answer: Document the driver, quantify the impact, and elevate it to program management for resolution

    Drivers beyond the CAM's authority must still be analyzed, quantified, and escalated with recommended management action.

  6. In a rolling-wave planning cycle, what must happen before a planning package's scope can begin execution?

    Answer: It must be converted into detailed work packages with assigned earned value techniques

    Work cannot be performed against a planning package; it must first be detail-planned into work packages with measurement methods.

  7. A program's cumulative CPI has been stable at 0.90 for the past twelve months at the 40% complete point. What does EVM research suggest about final performance?

    Answer: The cumulative CPI is unlikely to improve significantly, so an overrun of roughly the same efficiency should be expected

    Studies show cumulative CPI stabilizes by about the 20% complete point and rarely improves more than a few points thereafter.