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CDFM Module 2 > Competency 2.1 > Flashcards

Competency 2.1 Flashcards

1
Q

Three processes in the DOD that must work in concert to deliver capabilities to the warfighter:

A

the capabilities evaluation process
the acquisition process
PPBE process

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2
Q

The 3 principle decision-making support systems within the DoD are:

A

PPBE
Joint Capabilities Integration and Development System (JCIDS)
Defense Acquisition Management System

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3
Q

What is Joint Capabilities Integration and Development System (JCIDS)?

A

a systematic method established by the JCS for assessing gaps in military joint warfighting capabilities and recommending solutions for these gaps

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4
Q

What is JCIDS based on?

A

NSS
NMS
Joint Vision 2020
Quadrennial Defense Review

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5
Q

What is the Defense Acquisition System?

A

a management process that guides all DoD acquisition programs

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6
Q

The Defense Acquisition System is about controlling risk. What are the three types of risk?

A

Schedule Risk
Performance risk
and particularly cost risk

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7
Q

At the end of the EMD phase, the Milestone Decision Authority (MDA) decides to do one of 3 things. What are they?

A

End the acquisition effort
delay the final decision
commit to the program

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8
Q

5 Acquisition Policy Objectives

A

Target affordability and control cost
Incentivize productivity and innovation in industry
Promote real competition
Improve service acquisition
Reduce non-productive processes and bureaucracy

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9
Q

5 over-arching policies that govern all DoD acquisition programs are:

A 
Flexibility
Responsiveness
Innovation
Discipline
Streamlined and effective management
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10
Q

Evolutionary acquisition is the preferred DoD strategy for:

A

rapid acquisition of mature technology . This delivers capability in increments, recognizing upfront the need for future capability improvement.

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11
Q

Life Cycle Cost is

A

the total cost to the govt. for a system over its entire life

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12
Q

The Total System approach includes all the elements of

A

the system from “cradle to grave.”

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13
Q

Three major ways of grouping and viewing Life Cycle Cost (LCC) are

A

Appropriation Category
Work Breakdown Structure (WBS)
Cost Category

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14
Q

The 4 Cost Categories for Life Cycle Cost (LCC) are

A

R&D
Investment
Operating and Support
Disposal

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15
Q

What is a key document used by all cost analyst in performing life-cycle cost estimates? It is a complete description of the system whose cost are to be established.

A

Cost Analysis Requirements Description (CARD)

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16
Q

Program Acquisition Unit Costs (PAUC) is

A

defined as the amount found by dividing the total cost for development and procurement of the acquisition program by the fully configured end items to be produced

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17
Q

Average Procurement Unit Cost (APUC) is

A

total funds programmed to be available for obligation by the number of fully configured end items produced

18
Q

Flyaway costs are

A

procurement minus support items

19
Q

Weapons System Cost

A

procurement cost minus initial spares

20
Q

Cost As An Independent Variable (CAIV) is based

A

the principle that the best time to reduce Life Cycle Cost (LCC) is early in the acquisition process

21
Q

An Economic Analysis is

A

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

recognizes that there are alternative ways to meet the stated objective

studies each alternative, assessing the required resources and anticipated results

22
Q

The primary basis for an Economic Analysis (EA) is

A

the comparison of estimated costs against anticipated benefits

23
Q

The regulatory basis for Economic Analysis (EA) is

A

OMB Circular A-94 and DoDI 7041.3

24
Q

Economic Analysis (EA) limitations are

A

will not produce results more valid than the input data (GIGO)
make final decisions
be applied with cookbook precision
provide relevant solutions to irrelevant questions
predict political or non-economic impacts

25
Q

8 major steps in a Economic Analysis (EA) are

A
  1. establish objective
  2. formulate assumptions
  3. identify constraints
  4. determine alternatives
  5. estimate costs
  6. compare alternatives
  7. perform sensitivity analysis
  8. report results and recommendations
26
Q

cost estimating is

A

a means of translating resource requirements associated with programs, processes and projects into dollars

27
Q

What is Cost Estimating - Analogy Approach

A

direct comparison with historical information of one similar existing activity, system or component where there is accurate cost and technical data

28
Q

Analogy Approach strengths

A

quick
inexpensive
easy to change

29
Q

Analogy Approach weaknesses

A

subjective

imprecise

30
Q

What is Cost Estimating - Parametric Approach

A

estimates the costs based on physical attributes or performance characteristics and the relationships to highly aggregated component costs.

31
Q

Parametric Approach strengths

A

Uses Cost-Estimating Relationships (CERs)
easy to do what-ifs
inexpensive
reflects data from multiple systems

32
Q

Parametric Approach weaknesses

A

moderately subjective

precision only as good as the data

33
Q

What is Cost Estimating - Engineering Approach

A

a “bottoms up” method of costs analysis that is the most detailed of all the techniques and the most costly to implement. The analyst is required to have an extensive knowledge if the system.

34
Q

Engineering Approach strengths

A

very accurate in later stages of engineering and manufacturing development. for systems in current production, it can provide very accurate projections

limited subjectivity

35
Q

Engineering Approach weaknesses

A

very expensive
very time consuming
difficult to do what-if drills

36
Q

What is Cost Estimating - Actual Cost approach

A

uses actual cost contracted for or actually incurred on the same system during an earlier period which are then projected to future events of a similar nature

37
Q

Actual Cost strengths

A

little subjectivity

very accurate

38
Q

Actual Cost weaknesses

A

budget may already be submitted

39
Q

What is Cost Estimating - expert opinion approach

A

1 subjective judgment of an experienced individual or group
2 use if time does not permit a more thorough analysis
3 document sources of opinions
4 list attributes of sources
5 seek convergence of Delphi Technique

40
Q

What is Cost Estimating - Delphi Technique approach

A

1 query expert opinion from the group
2 seek information from each expert
3 summarize the results
4 send report to each expert
5 gather second opinion after each expert has reviewed the report
6 summarize results
7 continue process until consensus or almost consensus

41
Q

how to identify benefits:

A

1 identify resource inflows; benefit outflows
2 anticipate important issues from affected people
3 list benefits of each alternative
4 define each benefit to alternatives in the EA
5 develop quantitative measures for each benefit

CDFM Module 2 (8 decks)

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