Pick the True Statement

Contract Price PAU EARNED VALUE MANAGEMENT 'GOLD CARD' Profit/ Fees TAB NCC CBB . AUW OW.FUTUN OTB EAC Management Reserve PNE - Schedule Variance Projected Slip? > Cost Variance $ ACWP.com BCW/Scam -BCWP com Time Time Now Completion Date VARIANCES Pasithe is Favorable Negative is Unfavorable Cost Variance CV BCWP - ACVWP CV% = (CV/BCWP) 100 Schedule Variance SV = BCWP - BCWS SV% = (SVIBCWS) 100 Variance at Completion VAC - BAC - EAC VAC%= (VACI BAC) 100 OVERALL STATUS % Schedule = (BCWSM / BAC) - 100 % Complete = (BCWP CUM / BAC) 100 % Spent = (ACWP CUM / BAC) 100 PMB Management Reserve (NR) Undistributed Control Summary Level Budget (UB) Accounts (CA) Planning Packages (SLPP) Work Packages (WP) Planning Packages (PP) ACRONYMS ACWP Actual Cost of Work Performed Cool actually incurred in accomplishing work performed - ACTUAL COST AUW Authorized Unpriced Work Work contractually approved, but not yet negotiated / definitized BAC Budget At Completion The sum of all budgets for the contract thru any given WDSOBS level BCWP Budgled Cost for Work Performed Valued compleled work in terms of the works assigned budgel = EARNED VALUE BCWS Budgeted Cost for Work Scheduled Time-phased Budget Plan for work scheduled - PLANNED VALUE CA Control Account Lowest WBS element assigned to a single focal point to plan & control scope / schedule/budget CBB Corracl Budge Base Sum of NCC & AUW EAC Eatimete Ai Completion Estimale of fatal Cost for the contract ihru any given level generated by Kit, PMO, DCMA etc. - EAC IPHO XOCHA ETC Estimate to Complete Estimate of the cost of remaining work LRE Lalest Revised Estimale KIT's EAC or EAC MR Vanagement Reserve Budget withheld by Ktr PM for unknows / risk management NCC Negotiated Contract Cost Contract Price Minus profit or fees) OTB Over Target Dassline Sum of CBO - additional budget approved for romaning work PAC Price A Completion EAC Flus Adjusled Profit or Fees) PMB Performance Measurement Baseline Contract ime-phased budget plan PP Planning Package Fartem CA activities not yet deined into WPS SLPP Summary Level Planning Package Fa-term contract activitiee not yet assigned to a CA TAB Total Allocated Budgel Sum of all budgets for work on Donirc = NCC, C86, ar OTB TOPI To Complete Performance Index Eficiency needed from time now to achieve a Cost Target = BAC, LRE, O EAC UB Uncistributed Budget Brady defined activities not yet time phased for distribution to CAS or SLPPS WP Work Package Near-term, detail-planned activities within a CA EVM POLICY: DODI 5000,02, Enclosure 1. Table 8. EVMS in accordance with EIA-748 is required for cost or incentive contracts, subcontracts, intra-goverment work agreements & other agreements valued 2 $20M (TY $). Contracts = $100MT (TY $) require that the EVMS be formally validated by the cognizant contracting officer. Class Deviation-Eamed Value Management System Threshold (9/1/15) EVMis discouraged on Firm-Fixed Price, Time & Material Contracts, & LOE activities regardless of cost Refer to the IPMR Implementation Guide for IPHR Tailoring Guidance. DoD's EVM CONTRACTING REQUIREMENTS: DFARS MUSCS 252.234-7001 "NOTICE OF EVMS FOR SOLICITATIONS 252.234-7002 "EVMS"ror SOUCITATIONS & CONTRACTS 252.242-7005 "CONTRACTOR BUSINESS SYSTEMS" FOR SOLICITATIONS & CONTRACTS EFFICIENCIES Cost Efficiency Schedule Efficiency CPI SPI = BCWP / ACWP Favorable Is > 1.0, Unfavorable Is 1.0, Unfavorable is Cost Variance $ ACWP.com BCW/Scam -BCWP com Time Time Now Completion Date VARIANCES Pasithe is Favorable Negative is Unfavorable Cost Variance CV BCWP - ACVWP CV% = (CV/BCWP) 100 Schedule Variance SV = BCWP - BCWS SV% = (SVIBCWS) 100 Variance at Completion VAC - BAC - EAC VAC%= (VACI BAC) 100 OVERALL STATUS % Schedule = (BCWSM / BAC) - 100 % Complete = (BCWP CUM / BAC) 100 % Spent = (ACWP CUM / BAC) 100 PMB Management Reserve (NR) Undistributed Control Summary Level Budget (UB) Accounts (CA) Planning Packages (SLPP) Work Packages (WP) Planning Packages (PP) ACRONYMS ACWP Actual Cost of Work Performed Cool actually incurred in accomplishing work performed - ACTUAL COST AUW Authorized Unpriced Work Work contractually approved, but not yet negotiated / definitized BAC Budget At Completion The sum of all budgets for the contract thru any given WDSOBS level BCWP Budgled Cost for Work Performed Valued compleled work in terms of the works assigned budgel = EARNED VALUE BCWS Budgeted Cost for Work Scheduled Time-phased Budget Plan for work scheduled - PLANNED VALUE CA Control Account Lowest WBS element assigned to a single focal point to plan & control scope / schedule/budget CBB Corracl Budge Base Sum of NCC & AUW EAC Eatimete Ai Completion Estimale of fatal Cost for the contract ihru any given level generated by Kit, PMO, DCMA etc. - EAC IPHO XOCHA ETC Estimate to Complete Estimate of the cost of remaining work LRE Lalest Revised Estimale KIT's EAC or EAC MR Vanagement Reserve Budget withheld by Ktr PM for unknows / risk management NCC Negotiated Contract Cost Contract Price Minus profit or fees) OTB Over Target Dassline Sum of CBO - additional budget approved for romaning work PAC Price A Completion EAC Flus Adjusled Profit or Fees) PMB Performance Measurement Baseline Contract ime-phased budget plan PP Planning Package Fartem CA activities not yet deined into WPS SLPP Summary Level Planning Package Fa-term contract activitiee not yet assigned to a CA TAB Total Allocated Budgel Sum of all budgets for work on Donirc = NCC, C86, ar OTB TOPI To Complete Performance Index Eficiency needed from time now to achieve a Cost Target = BAC, LRE, O EAC UB Uncistributed Budget Brady defined activities not yet time phased for distribution to CAS or SLPPS WP Work Package Near-term, detail-planned activities within a CA EVM POLICY: DODI 5000,02, Enclosure 1. Table 8. EVMS in accordance with EIA-748 is required for cost or incentive contracts, subcontracts, intra-goverment work agreements & other agreements valued 2 $20M (TY $). Contracts = $100MT (TY $) require that the EVMS be formally validated by the cognizant contracting officer. Class Deviation-Eamed Value Management System Threshold (9/1/15) EVMis discouraged on Firm-Fixed Price, Time & Material Contracts, & LOE activities regardless of cost Refer to the IPMR Implementation Guide for IPHR Tailoring Guidance. DoD's EVM CONTRACTING REQUIREMENTS: DFARS MUSCS 252.234-7001 "NOTICE OF EVMS FOR SOLICITATIONS 252.234-7002 "EVMS"ror SOUCITATIONS & CONTRACTS 252.242-7005 "CONTRACTOR BUSINESS SYSTEMS" FOR SOLICITATIONS & CONTRACTS EFFICIENCIES Cost Efficiency Schedule Efficiency CPI SPI = BCWP / ACWP Favorable Is > 1.0, Unfavorable Is 1.0, Unfavorable is