Practice Test Geeks(CAM) Control Account Manager Certification Practice Test
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Professional Standards & Ethics 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 Professional Standards & Ethics flashcards as text

  1. A CAM is offered a bonus tied to keeping the Cost Performance Index (CPI) above 1.0. What ethical risk does this create?

    Answer: An incentive to manipulate earned value data rather than report actual performance

    Tying pay directly to a performance metric can tempt data manipulation instead of honest reporting.

  2. During a government audit, a CAM is asked about a known baseline deficiency. The CAM should:

    Answer: Provide complete and truthful answers within the scope of the question

    Auditors are entitled to truthful, complete answers, and misrepresenting status obstructs the audit.

  3. A CAM's spouse owns stock in a subcontractor the CAM will evaluate for a make-or-buy decision. The correct action is:

    Answer: Disclose the financial interest and recuse from the decision if directed

    Household financial interests create conflicts that must be disclosed before participating in the decision.

  4. Which scenario represents an ethical use of schedule float by a CAM?

    Answer: Transparently reporting float consumption while resequencing work to protect the critical path

    Float management is ethical when it is transparent and reported accurately to stakeholders.

  5. A CAM overhears colleagues planning to bill unallowable entertainment costs as direct labor. The CAM's obligation is to:

    Answer: Report the planned mischarging even though it is outside their own control account

    The duty to report suspected fraud applies regardless of whose account is involved.

  6. What is the ethical rationale for maintaining a documented audit trail for all baseline changes?

    Answer: It ensures changes are traceable, authorized, and cannot conceal performance problems

    Traceable, authorized change records prevent baseline adjustments from being used to hide variances.

  7. A CAM discovers their own earlier variance report contained a calculation error that understated an overrun. They should:

    Answer: Issue a corrected report promptly and explain the error

    Self-identified errors must be corrected and disclosed promptly to preserve reporting integrity.