Earned Value Management Tutorial Module 4 Homework

1) What is the main purpose of the Integrated Program Management Report (IPMR) Format 6? [Given Integrated Program Management Report (IPMR) Formats 1 to 7 and the IPMR Data Item Description (DID), recognize the main purpose of each format]It contains the contractor's integrated master schedule (IMS) for completing the contract.It reports the cost and schedule performance data by product-oriented work breakdown structure (WBS). It details the budgeted time-phased baseline through project completion. If reports sta±ng forecasts through project completion. 2) When there is a contractual requirement for an Integrated Program Management Report (IPMR), it is submitted: [Given the Integrated Program Management Report (IPMR) Data Item Description (DID), recognize contractor submission requirements.]No later than 12 working days (negotiable up to 17 working days) after the end of the contractor’s previous accounting period.No later than 12 working days after the end of the contractor’s previous accounting period with no exceptions.The IPMR Data Item Description (DID) provides no guidelines on when the IPMR must be submitted.No later than 12 working days after the end of each month.3) What is an example of the type of things control account managers(CAMs) do when updating a schedule? [Given the Integrated Program ManagementReport (IPMR) Data Item Description (DID), identify Department of Defense (DoD) Earned ValueManagement System (EVMS) policy requirements for using the Integrated Master Schedule (IMS) torecord and report the status of the project][Remediation Accessed :N] Change the estimated remaining durations oftasksChange the baseline start and ²nish dates of slipping work.Change the duration of work completed

schedule slippage expected. To identify the Work Breakdown Structure (WBS) elements that have been completed so those can be excluded from the analysis. 4) What should the Earned Value Management (EVM) analyst do based on the information in this trend chart? (IMAGE DESCRIPTION: Sample chart showing monthly management reserve (MR) usage, cost variance (CV), and schedule variance (SV) from May 14 through September 14. Approximate MR values are: May 2.2, June 2.1, July 2.05, August 2.0 September 1.0. Approximate CV values are: May -0.4, June -0.6, July -1.1, August -1.2, September -0.2. Approximate SV values are: May -0.7, June -0.8, July -0.9, August -0.95, September -1.0.)[Given sample charts showing management reserve (MR) usage, interpret the chart.]Since there is a significant drop in MR budget, while CV shows a significant improvement, the EVM analyst should examine the allocation of MR to ensure that it was not distributed to offset CV. Since there is a significant drop in MR budget, the EVM analyst should recommend additional funding to ensure there is sufficient MR for the remainder of the contract. Since there is a significant drop in MR budget, and CV shows a significant improvement, the EVM analyst should examine why the SV did not improve.

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