Cdfm 2.2

Front 1

what are the three programmatic risks that must be successfully managed within the defense acquisition system (DAS) management process?

Back 1

Cost, schedule and performance risk

Front 2

What are the appropriations that may be used to fund acquisition programs?

Back 2

RDTE

O&M

OPN

MILPERS

MILCON

Front 3

What is the term used to describe dollars shown in the life cycle cost estimates where the effects of inflation are NOT considered?

Back 3

Base year dollars (constant year dollars)

Front 4

What is the term used to describe dollars used for programming and budgeting purposes where the effects of inflation are considered?

Back 4

Then-year dollars (current-year dollars)

Front 5

What cost structure does MIL-STD-881C represent?

Back 5

Work breakdown structure (WBS)

Front 6

Which cost estimating method is based on direct comparison with historical information of one similar system?

Back 6

Analogy method

Front 7

Which cost estimating method is known as a statistical method or top-down method?

Back 7

Parametric approach

Front 8

What cost estimating method requires extensive knowledge of the product or process?

Back 8

Engineering approach

Front 9

What are the methods/steps in conducting the Delphi technique?

Back 9

1. Query expert opinion

2. Seek supporting rationale or info from each expert

3. Summarize results

4. Gather second opinion

5. Continue iteration until consensus or near-consensus is reached

Front 10

what is the theory that as the quantity of output doubles, the man-hours required to produce the quantity decreases at a fixed rate

Back 10

Learning curve theory

Front 11

What is the name of the integrated management tool intended to relate actual performance plan cost and schedule in objective terms and then states the value of the work completed in dollars?

Back 11

Earned value management system (EVMS)

Front 12

What is the EVM related terms when there is a difference between budgeted cost of work performed (BCWP) and actual cost of work performed (ACWP) on a cost reimbursable contract?

Back 12

Cost variance

Front 13

What is a systematic approach to the problem of choosing the best method of allocating scarce resources to achieve a given objective?

Back 13

Economic analysis

Front 14

Cost savings, cost avoidance, and productivity improvements are examples of what type cost benefits?

Back 14

Quantifiable benefits

Front 15

In regards to measures of central tendency, what is a mean? A mode? A median?

Back 15

Mean: arithmetic average

Mode: most frequent # in a distribution

Median: middle of arrayed values

Front 16

What does correlation measure?

Back 16

The degree of relationship between two or more variables

Front 17

For a perfect correlation to exist, what would be the coefficient?

Back 17

1.0

Front 18

When evaluating a proposed investment or project with costs and benefits occurring in the current year AND future years, it is necessary to "bring back to today's dollars" all those costs and benefits. What is this process determining?

Back 18

Net present value (NPV)

Front 19

Which system is based on a series of top-down analysis ultimately derived from formal strategic level guidance including the NSS, NMS, and National Defense Strategy review?

Back 19

Joint capabilities integration and development system (JCIDS)

Front 20

What is the management process that guides all DOD acquisition programs?

Back 20

Defense acquisition system (DAS)

Front 21

What directive provides the policies and principles that govern the Defense Acquisition System (DAS)?

Back 21

DoD Directive 5000.01

Front 22

What instruction provides specific information on the operation of the Defense Acquisition System?

Back 22

DoD Instruction 5000.02

Front 23

Ultimately the defense acquisition system is about successfully managing what?

Back 23

Cost, schedule, and performance risk

Front 24

What document are capabilities initially defined

Back 24

Initial capabilities document

Front 25

Who writes the initial capabilities document?

Back 25

Joint chiefs of staff

Front 26

Which milestone initiates a program by assigning a program manager and is fully funded in the FYDP database?

Back 26

Milestone B

Front 27

When is the cost/benefit analysis performed during the acquisition of a material solution?

Back 27

During the Analysis of Alternatives (AOA), before Milestone A decision

Front 28

During the acquisition process, when does a program need to report the need for an advanced procurement?

Back 28

During the Technology Maturation and Risk Reduction Phase, prior to Milestone B decision

Front 29

What information is in the initial capabilities document (ICD)?

Back 29

The broad, time phased, operational goals, and a description of the required capabilities to address a specific gap

Front 30

During the acquisition process, at what point does the defense acquisition management system become involved?

Back 30

After it is determined that a material solution is required to address the gap outlined in the ICD

Front 31

Which instruction says a specific program should be tailored to the unique character of the product being developed and potentially acquired?

Back 31

DoDI 5000.02

Front 32

Does a favorable Milestone A decision automatically begin a program's initiation?

Back 32

No

Front 33

During the acquisition process, which phase is used to conduct the analysis and other activities needed to choose the concept for the product that will be acquired?

Back 33

Material solution analysis (MSA) phase

Front 34

The acquisition program baseline is an agreement between whom?

Back 34

The Milestone decision authority, program manager and contractor

Front 35

At which milestone does the milestone decision authority (MDA) finalize the low rate initial production (LRIP) quantity or scope of limited deployment?

Back 35

Milestone B

Front 36

At which milestone is the limited deployment decision reviewed?

Back 36

Milestone C

Front 37

What is required before entering the production and deployment phase of the acquisition process?

Back 37

Successful Milestone C decision review

Front 38

What is the purpose of the production and deployment phase of the acquisition process?

Back 38

Achieve an operational capability that satisfies mission needs

Front 39

During the acquisition process, what is an extremely important decision point but not a milestone?

Back 39

Full-rate production decision / Full deployment decision

Front 40

What does the milestone decision authority review during the full rate production decision?

Back 40

Determine program's success thus far by assessing the results of initial operational test and evaluation (OT&E), initial manufacturing, and limited deployment

Front 41

What is the most expensive phase during the acquisition process?

Back 41

Operations and support phase

Front 42

What are the two major efforts of the operations and support phase during the acquisition process?

Back 42

Sustainment and disposal

Front 43

The military department or agency is required to have adequate funds in the FYDP to finance the acquisition program during which milestone?

Back 43

Milestone B

Front 44

During which milestone are all decisions documented in the acquisition decision memorandum (ADM)?

Back 44

Milestone C

Front 45

What are the five overarching policies described in the DoD Directive 5000.01 which govern all DoD acquisition programs?

Back 45

1. Flexibility

2. Responsiveness

3. Innovation

4. Discipline (follow statutes unless waiver approved)

5. Streamlined and effective management

Front 46

DOD instruction 5000.02 identifies whom as the defense acquisition executive (DAE) also known as Milestone decision authority (MDA) at the OSD level?

Back 46

USD AT&L

Front 47

What instruction specifies the criteria for acquisition categories and identifies the milestone decision authority for each?

Back 47

DoDI 5000.02

Front 48

What are the RDTE and Procurement dollar thresholds for an ACAT I major defense acquisition program?

Back 48

$480M+ of RDTE or $2.79B+ of Procurement (FY14 dollars)

Front 49

Approvals for ACAT I programs are at what level?

Back 49

Service or OSD level

Front 50

What are the two subcategories the USD (AT&L) can designate for ACAT I programs? What are the levels of approval for each?

Back 50

1. ACAT ID (Defense) and MDA is at OSD level (specifically USD(AT&L))

2. ACAT IC (Component) and MDA is Agency level (Component Acquisition Executive)

Front 51

What acquisition category are major automated information systems (MAIS) programs?

Back 51

ACAT IA

Front 52

What are the cost thresholds for ACAT IA programs?

Back 52

One or more of the following:

1. Program costs $40M+ for any single year

2. $165M+ total program costs

3. $520M+ total life cycle costs

(All in FY14 dollars)

Front 53

A payroll system is an example of which acquisition category?

Back 53

ACAT IA

Front 54

What DoD instruction requires every acquisition program establish an acquisition program baseline (APB) to document the cost, schedule, and performance objectives and program thresholds at initiation?

Back 54

DoDI 5000.02

Front 55

What is the primary purpose of the analysis of alternatives?

Back 55

To assess the potential material solutions to satisfy the capability need documented in the approved ICD

Front 56

Name the three responsibilities DCAPE has when reviewing an analysis of alternatives document

Back 56

1. Prepare & approve AoA guidance

2. Approve AoA plan

3. Evaluate final AoA

Front 57

When is the optimum time to apply Cost As Independent Variable (CAIV) principles for an acquisition program?

Back 57

As early as possible

Front 58

Define life cycle cost

Back 58

Total cost of a program over its entire life. It includes cost for R&D, testing, production, facilities, operations, maintenance, personnel, environmental compliance and disposal

Front 59

When considering the life cycle cost for an acquisition program, are cost estimates prepared in constant year dollars or then-year dollars?

Back 59

Constant year dollars (which are tied to a specific base fiscal year)

Front 60

Why are then-year or current year dollars used for programming and budgeting purposes?

Back 60

Because then-year dollars represent the amounts required when actually used, they reflect the effects of inflation

Front 61

Name the three major ways of grouping and viewing program life cycle cost estimates

Back 61

1. By appropriation category

2. Work breakdown structure

3. Life cycle cost categories

- R&D

- Procurement

- Operations & Support

- Disposal

Front 62

Who is responsible for creating the cost analysis requirements description (CARD) and where is guidance for this requirement found?

Back 62

Program manager will prepare the CARD and guidance is found in DoD 5000.4-M

Front 63

ACAT I programs will submit a cost analysis requirements description (CARD) to whom for markup?

Back 63

DCAPE

Front 64

How do you calculate the average percumant unit cost (APUC)?

Back 64

Divide total procurement dollars by number of fully-configured end items you'll buy with those dollars

Front 65

How do you calculate the program acquisition unit cost (PAUC)?

Back 65

Divide total cost for development and procurement of the program by the number of fully-configured end items to be produced by that program

*Includes EDMs if applicable

Front 66

Based on the OUSD AT&L definition of "fully-configured end items,"are RDTE funds included when calculating the PAUC or APUC?

Back 66

PAUC only. Only end items bought with procurement funds are counted when computing APUC

Front 67

In regards to life cycle cost, what makes up the Procurement cost of a program?

Back 67

1. FlyAway cost (prime equipment)

2. Weapon system cost (FlyAway and support items)

3. Initial spares

Front 68

For ACAT I programs, there are normally three life-cycle cost estimates prepared. Name those three estimates and who's responsible for each

Back 68

1. Program office estimate (POE): PM

2. Component cost estimate (CCE): Service or Component

3. Independent cost estimate (ICE): DCAPE

Front 69

Which of the three life cycle cost estimates are normally done for ACAT II, ACAT III and ACAT IC programs? The cost estimates must be within what percent of each other?

Back 69

POE and CCE must be within 10% of each other

Front 70

What are some of the ways the work breakdown structure (WBS) assist during the program life cycle?

Back 70

1. Facilitates cost estimating

2. Segregates a defense material item into its component parts

3. Provides a common thread for EVM (cost) and IMS (schedule)

Front 71

Name five cost estimating methods

Back 71

1. Analogy

2. Parametric

3. Engineering

4. Actuals

5. Expert

Front 72

Which cost estimating methods should you use if the project is in the early, middle and end of the schedule?

Back 72

Early: analogy

Middle: analogy, parametric, engineering

End: actual

Front 73

Is the expert opinion cost estimating approach used as a first estimate?

Back 73

No, it's used to double check an estimate

Front 74

The contracting process is governed by what regulation?

Back 74

Federal acquisition regulations (FAR)

Front 75

The FAR gives guidance in contracting and requires the contracts adhere to what three things?

Back 75

1. Allowable within the law

2. Reasonable within the law

3. Assignment of responsibilities

Front 76

What are the two basic categories of contracts (sometimes called "families" of contracts)

Back 76

1. Fixed price

2. Cost reimbursement

Front 77

What type of contract involves a contractor delivering a product that meets contract specifications for a specific price and by a specific date?

Back 77

Fixed price contract

Front 78

What type of contract involves the government paying all allowable and reasonable costs incurred on the contract, while the contractor promises its best effort to perform the desired work?

Back 78

Cost reimbursement contract

Front 79

Is EVMS a good tool for firm fix price (FFP) contracts of any dollar value?

Back 79

No, it's discouraged for FFP contracts

Front 80

Earned value management in structured around multiple work packages to complete the contract. Each work package consists of what two things? And what is the result known as?

Back 80

Each work package consists of a scope of work and related budget. The result is known as the performance measurement baseline (PMB)

Front 81

In regards to EVMS, what is the performance measurement baseline (PMB) also known as?

Back 81

Budgeted cost of work scheduled (BCWS)

Front 82

How do you calculate the cost variance (CV)?

Back 82

Budgeted cost of work performed (BCWP) - actual cost of work performed (ACWP)

Front 83

What does a negative and positive cost variance mean?

Back 83

Negative = cost overrun (bad!)

Positive = cost savings (good!)

Front 84

How do you calculate schedule variance (SV)?

Back 84

Budgeted cost of work performed (BCWP) - budgeted cost of work scheduled (BCWS)

Front 85

What does a positive and negative schedule variance mean?

Back 85

Negative = behind schedule (bad!)

Positive = ahead of schedule (good!)

Front 86

What chart displays the critical path and interdependency of tasks in a project or contract better than a gantt chart?

Back 86

Program evaluation and review technique (PERT), aka network diagram

Front 87

In regards to PERT method, an event consumes no time and uses no resources. It is also known as what?

Back 87

A mode (drawn as a circle with a number inside to show start or completion of activities)

Front 88

What is the critical path in regards to the PERT method?

Back 88

The longest possible continuous path from the start event. indicates the total calendar time required to complete all activities of the project

Front 89

Define float and slack in regards to PERT

Back 89

1. Float: amount of time a task can be delayed without causing delays in subsequent tasks (free float) or the whole project (total float)

2. Slack: indicates status of project schedule

Front 90

What is a gantt chart better at displaying than the PERT method?

Back 90

The schedule and resources used in a project

Front 91

What are the two regulatory bases for economic analysis found?

Back 91

OMB Circular A-94 and DoD Instruction 7041.3

Front 92

An economic analysis is prepared using "this" in compliance with applicable DOD or component guidance

Back 92

Net present value (NPV)

Front 93

Name 8 things the documentation supporting the economic analysis must contain

Back 93

1. Define requirements

2. Present & explain workload projections

3. Identify feasible alternatives

4. Parent total costs in constant and current year dollars

5. Present cost estimating methods, relationships and data sources

6. Identify significant constraints, assumptions and variables

7. Address sensitivity and uncertainty of key parameters

8. Address all benefits influencing the recommended course of action

Front 94

Give a few examples of non-quantifiable benefits

Back 94

1. Adaptability

2. Availability

3. Functionality

4. Maintainability

5. Morale

6. Security

7. Upgradability

8. Versatility

Front 95

Provide some types of quantifiable benefits and sample measures

Back 95

1. Increase number of items produced. Ex) number of meals served

2. Improve system reliability. Ex) mean time between failure

3. Improved maintainability/supportability measures. Ex) reduced average downtime

Front 96

Provide the percentages of population for one, two, and three standard deviations (sigma)

Back 96

+/- 1 sigma: 68.27%

+/- 2 sigma: 95.45%

+/- 3 sigma: 99.73%

Front 97

What percent of the population falls outside the normal distribution of a standard deviation bell curve?

Back 97

0.26%

Front 98

Describe how a graph looks with a positively and negatively skewed distribution of data

Back 98

Positively skewed: most data on left

Negatively skewed: most data on right

Front 99

The coefficient of determination equals the square of "R" where "R" represents what?

Back 99

Correlation coefficient, which tells how reliably the data will fall directly on the "best fit" line

Front 100

The coefficient of variation measures the amount of dispersion expressed as a decimal or percentage. Does a smaller or larger number indicate better predictability?

Back 100

Smaller (closer to zero the better)

Front 101

In regards to the coefficient of determination (or r²) does a number closer to 0 or +1 indicate an excellent linear reliability?

Back 101

Closer to 1

Front 102

According to OMB circular a94, appendix C, discount factors can be computed on either the ______ or ______ basis?

Back 102

End-of-year or mid-year basis

Front 103

Do working capital funds consider the time value of money?

Back 103

No, because they are not-for-profit, the break-even point, or payback, normally does not consider the time value of money

Front 104

How do you calculate the break-even point?

Back 104

Investment divided by savings