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19 Cards in this Set
- Front
- Back
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Where are proposal cost elements for a good proposal found? |
FAR Table 15-2
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Proposal Modeling |
Given a contract proposal, demonstrate an understanding of the relationships between the elements and sub-elements of cost and profit by building a spreadsheet that models those relationships. |
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The Process of Cost Analysis are? |
*Know what you are buying *Get a good proposal (FAR Table 15-2 Compliant) *Enlist help of others *Map the proposal (Tabbing) *Model the proposal *Fact Find the proposal *Evaluate the proposal
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What do you look for when mapping the proposal? |
*Tab where things are located *Roadmap & trace the cost back to the source of the element *Check that Contractor provided all supporting documents *ID who is covering the review of each cost element *ID major cost drivers (what's critical, where should you spend most of your time |
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How do you model the proposal? |
The best way to understand how the proposed costs roll together is to use Excel to duplicate the cost and profit. |
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What is the acronym CPRG? What does it stand for? |
Cost Price Reference guide. It represents collecting, organizing, summarizing, analyzing, and interpreting data to facilitate the decision making process. |
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What are the uses for statistics in contracting? |
*Develop Gov't Objectives for contract prices based on historical values *Developing minimum & maximum price positions for negotiations *Developing an estimate of risk for consideration in contract type selection. *Developing an estimate of risk for consideration in profit/fee analysis *Streamlining the evaluation of a larage quantity of data w/o sacrificing quality |
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What does the acronym BOM stand for and what is it? |
Bill of Materials. A comprehensive list of raw materials, components and assemblies required to build or manufacture a product. |
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Stratified Sampling is used for? |
* Used for large amount of data and limited time to conduct the analysis *Allows for concentrated efforts on items with the greatest potential for cost/price reduction while using sampling to ID any general pattern of overpricing of smaller value items
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What does DFARS 215.404-1(a) (iv) Proposal analysis techniques state about subjective jusgement? |
(iv) A random sample of the remaining low dollar value items. Sample size may be determined by subjective judgment. e.g., experience with the offeror and the reliability of it's estimating and accounting systems. |
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What are the seven steps to Stratified Sampling? |
1) ID a stratum of items that merit 100% analysis. 2) Group the remaining items into one or more stratum for analysis. 3) Determine the number of items to be sampled in each stratum. 4) Select items for analysis. 5) Analyze all items, summing cost & price for 100% analysis stratum. Develop a decrement factor for any items randomly sampled. 6) decrement factor to the total proposed cost of all stratum items. 7) Sum pre-negotiation positions for all strata to establish overall position on the cost category.
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Given that we have three contractors, we can presume that we have (Blank). |
Competition |
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Since we have adequate price competition, we will not require (Blank) data. |
Certified Price Costing Data |
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Since we do not require certified cost and price data, then the only analysis we need to perform is price analysis. True or False |
False |
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What shall be performed on cost reimbursement contracts to determine the probable cost of performance for each offeror? |
Cost Realism Analysis |
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Outliers have a significant effect on the (Blank 1) not the (Blank 2). |
Blank 1 = Mean
Blank 2 = Median |
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What does the Mean do? |
This adds the # of data points and divides by the #. |
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What does the Median do? |
This sorts in order. It is the middle data point. |
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What does the Mode represent? |
This is the number you see the most. |
