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AACE-EVP exam Format | AACE-EVP Course Contents | AACE-EVP Course Outline | AACE-EVP exam Syllabus | AACE-EVP exam Objectives

Exam Code: AACE EVP

Exam Name: AACE EVP Earned Value Professional (EVP)

Number of Questions: 120 multiple-choice questions

Time Allotted: 5 Hours (300 minutes)

Passing Marks: 70%



Organizing (12%)



- Develop EVMS procedures and policies

- Prepare guidance for EVMS implementation (e.g., recommendations)

- Train project team members (e.g., project controls, EVM, P&Ps)

- Define the project work scope (e.g., WBS dictionary, SOW, WBS)

- Define project organization (e.g., OBS, subcontractors)

- Integrate subsidiary processes (e.g., cost/schedule)

- Integrate scope with organizational structure (e.g., CAMs, control accounts, RAM)

- Generate WADs (e.g., authorize work scope)



Perform Planning and Scheduling Duties (13%)



- Develop schedule with network logic

- Identify products/milestones for progress exam

- Evaluate project schedule compliance requirements (e.g., EVMSIG, GAO, PASEG)

- Establish integrated baseline (e.g., cost, schedule, scope)

- Conduct baseline review (e.g., IBR, informal)

- Forecast project status against baseline (e.g., cost(s), schedule, supply chain)

- Evaluate impact of schedule risk analysis (e.g., MCS, SRA)

- Perform/Evaluate Resource leveling



Perform Budgeting Duties (13%)



- Create work/planning packages

- Develop budget using cost elements

- Apply Earned Value Techniques (EVT) (e.g., EVM, PMT)

- Plan out Level of Effort work

- Apply/Evaluate overhead budgets and costs

- Sum WP/PP budgets

- Identify MR and UB

- Reconcile CBB to target values



Account Considerations (11%)



- Record direct costs and/or hours

- Generate estimated actuals (e.g., adjustment/reconcile accounting data)

- Summarize direct costs by WBS

- Summarize direct costs by OBS

- Identify unit & lot costs as needed

- Update/Evaluate indirect rates

- Track & report material(s) (e.g., BOE dollars, BOM quantity)



Analysis and Management Reports (35%)



- Validate data (e.g., anomalies, costs, progress, reasonableness, schedule)

- Calculate performance against baseline (e.g., CV, AC, ITC, MTD, SV)

- Produce EVM metric reports (e.g., cost-schedule analysis, forecast, IPMR, PSR)

- Analyze EVM performance data (e.g., BAC, EAC, ETC, IEAC, ITD, LRE, MTD, trend(s))

- Identify significant variances

- Analyze indirect CV

- Assess impact(s) of rate changes

- Analyze non-labor direct costs (e.g., business events, material(s), ODC, travel)

- Analyze subcontractor data (e.g., costs, labor, schedules)

- Assess labor demand (e.g., hours billed, levels, staff availability, trends)

- Communicate project performance (e.g., forecast, recommendations, reports, risks, status)

- Determine root cause of variances

- Assess cost and schedule impacts

- Implement corrective actions

- Maintain corrective action log from the VAR

- Assess risk (e.g., cost, schedule, technical)

- Assess budget and schedule forecasts (e.g., critical path, EAC, periodic SRA, TCPI)

- Evaluate cost metrics for compliance (e.g., completeness, reasonableness)

- Facilitate periodic program review(s) (e.g., customer, internal management)

- Facilitate periodic program team meetings (e.g., CAM, CCB)



Revisions and Data Maintenance (16%)



- Incorporate changes (e.g., budget, MR, rate, resource(s), risk mitigation, schedule, scope, UB)

- Maintain baseline (e.g., BCP and BCR)

- Manage reserves (e.g., contingency, MR, schedule margin)

- Reconcile budgets

- Control retroactive changes

- Prevent unauthorized revisions to baseline (e.g., constructive changes, freeze period)

- Document PMB changes

- Maintain WADs

- Manage logs (e.g., budget, corrective action, MR, UB)

- Conduct surveillance (e.g., compliance, data quality, process)

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