Accounting Considerations Review

1

100

This is the minimum level in which direct costs must be accumulated at in an EVMS

What is the Control Account Level?

200

These are costs recorded in the EV cost system as actuals, even though the expenses have not yet been incurred in reality.

What are Estimated Actuals

300

What is the purpose of estimated actuals?

to ensure ACWP occurs in the same reporting period BCWP is taken

2

100

These are expenses that are not directly attributable to a specific project but are necessary for running the overall business.

What are Indirect Costs?

200

Direct Costs must be able to be summarized at these two data elements

What is the WBS and OBS?

300

This is a time when performance can be taken on material after it has been put into inventory or storage

What is Point of Stock?

3

100

This is the earliest point performance can be taken for material

The actual receipt of the material items

200

this is the latest point performance for material can be taken

the point of consumption

300

Can performance be taken on material that has been cancelled?

No