Discuss Earned Value Management (EVM) and Firm Fixed Price (FFP)
1. What is the Contracting Officer's (CO) role in Earned Value Management (EVM)?
2. For the following, choose whether you would use a Firm Fixed Price (FFP ) or a Cost Plus contract (and defend your choice):
o The removal of a malignant tumor from your brain.
o A physical exam required by your new employer as a condition of hiring.
o Arthroscopic knee surgery to repair damaged cartilage.
o Changing your car's oil.
o Fixing the loud, grinding noise your car makes whenever you start it on a very cold morning.
o Replacing your kitchen faucet with a new Moen Model X900 faucet.
o Eliminating whatever is causing water to leak through your basement ceiling.
o Treatment of a mysterious rash on your neck that itches terribly.
o Curing your recurring bouts of severe depression.
o Having a lawyer write a will for you.
o Having a lawyer defend you in an auto accident case in which the other party is claiming negligence on your part.
o Hiring someone to teach your daughter to play the violin well enough to get selected for the school orchestra.