- Actual Reasons for PMB changes and impact:
- Contract Change: The Government procuring contracting officer (PCO), not the contractor, directs these changes or contract modifications.
- Internal Replanning: Existing plan needs adjustment due to problems or when opportunities to capitalize on efficiencies are discovered, Contractor's PM must make adjustments to the existing plan that do not affect the overall budget or schedule. (Within the scope, schedule and cost objectives or the overall program)
- Rebaselining: Formal reprogramming that occurs when the remaining budget becomes so unrealistic that more money and time are needed.
- The cost and schedule earned value variance metrics exceed the OSD thresholds.
- The Government agrees to a minor administrative modification to the contract.
Possible Answers:
- The plan for completing the remaining contract effort is no longer achievable.
- The contractor projects that the Budget at Completion will exceed the Estimate at Completion.
- The Government agrees to a minor administrative modification to the contract.
WRONG answer: The Government agrees to a minor administrative modification to the contract
ReplyDeleteThanks for the update mike
ReplyDeleteActual Reasons for PMB changes and impact:
ReplyDelete1. Contract Change: The Government procuring contracting officer (PCO), not the contractor, directs these changes or contract modifications.
2. Internal Replanning: Existing plan needs adjustment due to problems or when opportunities to capitalize on efficiencies are discovered, Contractor's PM must make adjustments to the existing plan that do not affect the overall budget or schedule. (Within the scope, schedule and cost objectives or the overall program)
3. Rebaselining: Formal reprogramming that occurs when the remaining budget becomes so unrealistic that more money and time are needed.