1. Which of the following is a reason control accounts are important in Earned Value Management Systems (EVMS)?

They are structured in the same way on every program, ensuring consistency.

They are managed by high-level managers.

They are low-level tasks representing the entire scope of work for the contract.

They are points at which budgeted cost for work scheduled (BCWS), budgeted cost for work performed (BCWP), and actual cost of work performed (ACWP) are compared for management purposes.

2. Which of the following statements describes the Contract Work Breakdown Structure (CWBS)?

It is used in negotiated acquisitions to communicate Government requirements to prospective contractor and to solicit proposals.

It is a complete work breakdown structure (WBS) for a contract that forms the framework for the contractors management control system.

It is a work breakdown structure (WBS) that encompasses an entire program, including the Contract WBS and "other Government" elements such as government testing.

It is a complete work breakdown structure (WBS) for a contract that establishes and defines all nonspecification requirements for contractors efforts either directly or with the use of specific cited documents.

3. How does the Work Breakdown Structure (WBS) facilitate integrated program management?

It describes the risks on the program, including their probability and impact.

It identifies the contractually agreed-upon reporting levels for the project.

It reports data critical to earned value management (EVM) and risk management.

It serves as a common framework by providing a way to relate information from multiple sources.