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Are the Earned value management (EVM) reports available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline.?

false


Earned value management (EVM) reports are available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline.?

false


What is project performance monitoring?

Project performance is measured by comparing the project execution to the performance measurement baseline, which is an approved integrated plan for scope, schedule, and cost for the project, as explained here:• Cost baseline - This is the planned budget for the project over a time period, used as a basis against which to measure, monitor, and control the cost performance of the project. The cost performance is measured by comparing the actual cost to the planned cost over a time period.• Schedule baseline - This is a specific version of the project schedule developed from the schedule network analysis and the schedule model data. This is the approved version of the schedule with a start date and an end date, and it is used as a basis against which the project schedule performance is measured.• Scope baseline - This is the approved project scope that includes the approved project scope statement, the WBS based on the approved project scope statement, and the corresponding WBS dictionary.


What information from subsidiary plans is included in the project management plan?

Performance targets Schedule baseline


What is earned value?

EVM is a technique to monitor/track projects. EVM has 2 important index statistics: CPI and SPI. CPI is the cost performance index, and if it's >= 1 it means that the project is OK with the budget, if it's < 1, it means that the project is over-budget. SPI is the schedule performance index, and if it's >=1 it means that the project is on schedule or ahead of schedule, if it < 1, it means that the project is behind schedule.

Related Questions

Who assumes responsibility for monitoring how the contractor is doing in terms of cost schedule and technical performance.?

The Program Manager.


What is your assessment about a program with a schedule performance index of 1.1.?

The contractor is accomplishing the work more efficiently than expected.


What is your assessment about a program with a Schedule Performance Index of 1.1?

The contractor is accomplishing the work more efficiently than expected. The SPI is > 1.


Earned value management (EVM) reports are available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline?

false


Earned value management (EVM) reports are available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline.?

false


Are the Earned value management (EVM) reports available to help the program manager (PM) track the contractor's cost schedule and performance against a Performance Measurement Baseline.?

false


What is your assessment about a program with a Schedule Performance Index (SPI) of 1.1?

The contractor is accomplishing the work more efficiently than expected. The SPI is > 1.


Which reports and to whom and what frequency will cost schedule and technical performance reports be distributed for an evm program?

CPR or CSSR, PMO, Monthly


When should you file a schedule K?

You are required as an independent contractor to:


What remedies does a contracting officer have at his or her disposal for a contractor's poor performance?

 Bring the particular deficiency to the attention of the contractor by letter or through a meeting and obtain a commitment for appropriate corrective action.   Bring the particular deficiency to the attention of the contractor by letter or through a meeting and obtain a commitment for appropriate corrective action.  Extend the contract schedule if excusable delays in performance are involved (such as combat situations or extreme weather conditions).  Withhold contract payments if the contractor fails to comply with delivery or reporting provisions of the contract.  Terminate the contract for cause or default. Extend the contract schedule if excusable delays in performance are involved s combat situations or extreme weather conditions).  Withhold contract payments if the contractor fails to comply with delivery or reporting provisions of the contract.  Terminate the contract for cause or default.


4) The following data is received from your contractor Budgeted Cost of Work Performed (BCWP) 400 Cost Performance Index (CPI) 1.0 Budgeted Cost of Work Scheduled (BCWS) 500 Schedule Performance Index?

EAC LOW$950? EAC HIGH $1000.00


Why was the independent contractor not paid for their work?

The independent contractor was not paid for their work because there may have been a disagreement or issue with the contract terms, payment schedule, or the quality of work performed.