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CDFM Module 2 > Yolanda Deck 2.2 > Flashcards

Yolanda Deck 2.2 Flashcards

1
Q

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

A

Defense Acquistion System

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2
Q

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

A

Economic Analysis

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3
Q

Under the Economy Act agreement, what must be done with funds that are unused when the ordering appropriation expires?

A

Returned to the sender

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4
Q

What document is the broad, time phased, operational goals, and a description of the required capabilities to address a specific gap?

A

Initial Capabilities Document

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5
Q

The analysis of the Initial Capabilities Document address what?

A

Material and non-material solutions.

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6
Q

The planning of Operating and support should begin prior to the program initiation and shall be documented where?

A

Life Cycle Support Plan

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7
Q

What acquisition is achieved through the Incremental Development process and requires collaboration among the warfighter?

A

Evolutionary

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8
Q

What is the formula for discounting?

A

PVF = 1/(1+d)^n

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9
Q

When is economic analysis required?

A

> $1M

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10
Q

Correlation Coefficient Measures what?

A

degree of relationship between two or more variables

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11
Q

The middle value in a list of number that divides arrayed sample of data in half?

A

median

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12
Q

What are some of the CAIV factors?

A

1) Manage risks
2) Set realistic but aggressive cost objectives
3) Motivate Government and industry managers to achieve program objectives
4) Not an open system

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13
Q

Program Acquistion Unit Cost (PACU) equals?

A

total cost for development, procurement, and military construction divided by # fully configured end items

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14
Q

Acquisition Procurement Cost Unit (APCU) equals?

A

total funds programmed to be available for obligation for procurement divided by # fully configured end items

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15
Q

What is a timed-phased schedule that serves as a tool for time phasing work and assessing techincal performance?

A

Integrated Master Schedule

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16
Q

What are the 3 linking factors critical to the sucess of any Earned Value Management System?

A

Cost
Schedule
Performance

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17
Q

What estimate is known as estimating the life cycle of his/her acquistion program?

A

Program Office Estimate

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18
Q

What estimate is done by the Component Analysis Agency?

A

Componenet cost Estimate

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19
Q

What are the key costs reflected in the Economic Analysis?

A

Present Value

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20
Q

What is the primary basis of an EA?

A

the comparision of estimated costs against anticpated benefits

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21
Q

All cost and benefits are adjusted to ______by using given discount factors to account for the time vlaue of money?

A

Present Value

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22
Q

What is a means of translating resource requirements associated with programs, projects, and processes, into estimated dollars?

A

Cost Estimating

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23
Q

What approach is based on direct comparision with historical information of similar existing activities, systems, or components?

A

Analogy approach

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24
Q

What approach uses actual costs contracted for or actually incurred on the same system during an earlier period?

A

Actual approach

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25
Q

What is the result of actual reduction of an approved program if the benefits occurs during the POM period?

A

Cost Savings

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26
Q

What is the reduction or elimination of some future resources requirement. If a purchase of certain hardware has not been included in an approved program but the preferred alternative does not require its purchase?

A

Cost avoidance

27
Q

At what level is sunk costs provided in?

A

Cost element level

28
Q

Estimates prepared in constant dollars_____ show the changing spending power of the dollar over time

A

do not

29
Q

Net Present Value equals

A

total Present Value benefits minus total Present Value costs

30
Q

The break even point or payback does not consider the time value of money?

A

True

31
Q

What is the most commonly used decision making when projects are high risk and its is desirable to recover investment cost quickly?

A

Break Even analysis

32
Q

Which type of contract does the Government bears significant risks?

A

Cost re-imbursement contract

33
Q

Which contracts provides for a firm price or in appropriate cases, an adjustable contract?

A

Fixed Price Contract

34
Q

What is the comparison of actual performance against an established baseline plan.

A

Contractor Performance measurement

35
Q

What is the monthly report prepared by the contractor which assess his performance according to his planned cost and schedule?

A

Contract Performance Report

36
Q

What is an integrated tool that relates technical performance to its associated cost and schedule, measures the work progress in objectible terms, and states the value of the work completed in dollars?

A

Earned Value Management

37
Q

Which type of contract does the Government bears significant risks?

A

Cost re-imbursement contract

38
Q

Which contracts provides for a firm price or in appropriate cases, an adjustable contract?

A

Fixed Price Contract

39
Q

What is the comparison of actual performance against an established baseline plan.

A

Contractor Performance measurement

40
Q

What is the monthly report prepared by the contractor which assess his performance according to his planned cost and schedule?

A

Contract Performance Report

41
Q

Budgeted of work Performed (BCWP) minus the Actual Cost of Work Performed?

A

Cost Variance

42
Q

BCWP minus BCWS

A

Schedule Variance

43
Q

GANTT

A

Are better at displaying the schedule and resources used in a project.

  1. lay out the project in order
  2. Allows the manager to assess how long a period should take
  3. Manage dependencies between tasks
  4. Determine task and needed resources
44
Q

PERT

A
  1. Identify activities and milestones
  2. Determine the proper sequence of the activities
  3. Construct a network diagram
  4. Estimate the time required for activities
45
Q

What is the three part test of a necessary expense doctrine?

A
  1. The expenditure must bear logical relationship to the appropriation
  2. must not be prohibited by law
  3. must not be otherwise provided for.
46
Q

What are the three processes in the DoD that must work together to deliver the capabilities required by the warfighters

A

capabilities evaluation process; the acquisition process; and the PPBE

47
Q

What system is based on a series of top-down analysis ultamately derived from formal strategic-level guidance, including the NSS, NMS, and the QDR?

A

JCIDS

48
Q

What are the two important decisions made at milestone B in the EMD?

A
  1. The quantity of the low rate initiation production

2. whether advance procurement will be requested when the system enters into production

49
Q

During this phase, the program also achieves its Fully Operational Capability, which occurs when the total quanity of operational items is deployed to the warfighter user?

A

Operations and Support

50
Q

These are intiatives proposed by USD AT&L to reduce acquisition costs and streamline the process in concert with the effort by SECDEF to reduce costs in the DOD?

A

Acquistion Policy Objectives

51
Q

Where are decisions documented in Milestone C once the MDA makes a decision to commit DOD to production?

A

Acquisition Decision Memorandum

52
Q

What sets forth mandatory procedures for all defense technology projects and acquisition programs?

A

Operation of the DoD Acquisition System. 5000.02

53
Q

Title 10, U.S. Code, designated the highest level Defense acquisition program as what?

A

Major Defense Acquisition Program

54
Q

Who defines the Major Automated Information Systems?

A

Assistant Secretary of Defense for Networks and Information Integration.

55
Q

Who does the CIO delegate milestone decisions authority for ACAT IAC?

A

Component Acquisiton Executive (CAE) or Component CIO

56
Q

What are the three life cycle cost estimate for ACAT 1 programs?

A

Program Office Estimate, Component Cost Estimate, and Independent Cost Estimate.

57
Q

An economic analysis is intially prepare in constant base year dollars and presents a differential cost display by year over the project’s expected economic life beginning with?

A

the budget first year for which investment funds are needed for any alternative, and ending when the alternative with the greatest economic life ceases to produce benefits.

58
Q

What cost are past expenditures from prior fiscal year?

A

Sunk Cost

59
Q

What dollars are expressed in the value of the year in which a cost is expected to occur?

A

Current dollars

60
Q

What is the approach that includes all elements of the system from cradle to grave.

A

total system approach

61
Q

What are the 3 ways to look at Life Cycle Cost

A

WBS, APN Category, and Cost category

62
Q

What is the key document used by all analysis performing life cycle cost estimate?

A

Cost Analysis Requirment Document

63
Q

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

A

Defense Acquistion System

CDFM Module 2 (8 decks)

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