CDFM MODULE 4 EXAM 2023-2024 REAL EXAM 150
QUESTIONS AND CORRECT ANSWERS(DETAILED
ANSWERS)
What are Joint Acquisition Programs? - Answer Joint
... [Show More] Acquisition Programs is any
acqusition system, subsystem, component, or technology program with astrategy
that includes funding by more than one DoD component during any phase of a
system's life cycle.
Who decides to place programs under joint acquisition management? - Answer The
MDA decides whether to place programs under joint management and designates
the lead executive DoD component.
What law requires an analysis of potential opportunities of international cooperation?
- Answer 10 USC 2350a(e) requires international cooperation consideration in the
initial aquisition strategy for a program.
When international programs may be established in the defense acqusition program
- Answer Decision to include international partners needs to be included during
development of the initial capabilities document but no early than the material and
solution analysis phase.
When is Earned Value Management (EVM) implemented - Answer EVM is part of
program management . It ensures that cost , schedule and technical aspects of the
contract are truly integrated.
In what type of contracts EVM is required - Answer EVM is required on Cost, and/or
Incentive contracts valued at greater than $20M.
What is EVM? - Answer Earned Value Management is a tool that
1. Relates the scope of the work to its associated budgets and schedule.
2. Measures the work progress in objective terms
3. States that value of the work completed in dollars and other measurable units.
What are EVM techniques? - Answer Correlate the budgeted cost of worked
scheduled with the budget cost of work performed (BCWP)
1. 0/100 Earned Value Technique
2. Percent Start/Percent Finish EV Technique (50/50) (25/75) (80/20)
3. Percent Complete
4. Units Completed
5. Equivalent Units
Describe the Percent Start/Percent Finish EV Technique - Answer Is an objective
earned value technique tied to the start and completion of a work package task,
often referred to % assigned to the start and finish milestone such as (50/50...)
Thsi technique tends to overstate performance in the first half of the period of
performance and uderstate performance in the last half.
CDFM MODULE 4 EXAM 2023-2024 REAL EXAM 150
QUESTIONS AND CORRECT ANSWERS(DETAILED
ANSWERS)
What is the most important step in EVM system? - Answer Is the establishment of
the Performance Measurement Baseline (PMB)or the Budgeted Cost of Work
Schedule (BCWS)
What is the PMB in and EVM? - Answer The PMB includes the undistributed budget,
all summary level planning package budgets, and all control account budgets. It
does not include management reserve.
What is the final step of the PMB? - Answer Is to classify work, to allocate the budget
and to time phase the control account work package budgets. This last phase is
calculate BWCS
How do we classify work packages in EVM? - Answer in 3 categories, Discrete,
apportioned effort, and level of effort.
Describe the realignment of the PMB - Answer Rebaselining, Replanning, and
Reprogramming
What is Reprogramming? - Answer Reprogramming [Show Less]