CDFM Module 4 Complete Questions With 100% Verified answers
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CDFM - Certified Defense Financial Manager
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CDFM - Certified Defense Financial Manager
CDFM Module 4 Complete Questions With 100% Verified answers
What are Joint Acquisition Programs?
Joint 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 li...
CDFM Module 4 Complete Questions With
100% Verified answers
What are Joint Acquisition Programs?
Joint 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?
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?
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
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
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
EVM is required on Cost, and/or Incentive contracts valued at greater than $20M.
What is EVM?
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?
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
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.
,What is the most important step in EVM system?
Is the establishment of the Performance Measurement Baseline (PMB)or the Budgeted Cost of Work
Schedule (BCWS)
What is the PMB in and EVM?
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?
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?
in 3 categories, Discrete, apportioned effort, and level of effort.
Describe the realignment of the PMB
Rebaselining, Replanning, and Reprogramming
What is Reprogramming?
Reprogramming is a comprehensive realignment of the remaining performance measurement
baseline that results in a total budget and/or total schedule that exceeds the contractual
requirements. It is the process that results in an Over-Target Baseline or OTB and an Over-Target
Schedule OTS.
Schedule Performance Index (SPI) formula
SPI=BCWP/BCWS
Estimate at Completion (EAC) formula
EAC=ACWP+[(BAC-BCWP)/(Performance Factor)]
EAC Compsite formula
ACWPcum+[(BAC-BCWPcum)/(CPIcum*SPIcum)]
Upper Value (worst case)
EVM Terminology
EAC=Estimate at Completion
BAC=Budget at Completion(current)
BCWS=Budget Cost of Work Scheduled (current)
BWCP=Budget Cost of Work Performed (earned value)
ACWP=Actual Cost of Work Performed
What is the Contractor Cost and Software Data Reporting (CSDR)
The CSDR system involves two formal contractor reports, the COntractor Cost Data Report (CCDR) and
the Software Resources Data Report (SRDR)
, What is Contract Performance Report (CPR)
The PM should obtain from the contractor a CPR (DD form 2734) on all contracts the meet or exceed
EVMS dollar thresholds and require EVMS compliance. The CPR provides contract cost and schedule
performance for program mangement.
What is Contract Funds Status Report (CFSR)
(DD 1586) has no specific application thresholds but PMs should evaluate contracts of less than
$1.3M. FFP contracts should not apply the CFSR unless unusual circumnstances dictate funding
visibility.
What is Government Contract Quality Assurance (GCQA)
DCMA Q&A personnel conducts quality assurance as identified in contract administration delegations
by the KO.
What is Independent Management Reviews (Peer Reviews)
The Director, DPAP organizes review teams and facilitate pre-award and post-award peer reviews for
all service contracts with a value of $1B or more (including options)
What are Milestone Decision Points?
Milestione Decision Points initiate programs and auhtorize entry into major acquisition process
phases
MDP B
A favorable decision formally initiates an acquisition program
Where are Technology Readiness Assessments reviewed?
At Milestone B & C
Milestone Decision Point C
A succesfull outcome at MDP C, results in the program moving into Production and deployment phase
At what MDP, if necessary, are Independent technology Readiness Assesments done?
At MDP B&C
What are the 4 major reviews?
Materiel Development Decision Review
Preliminary Decision Review
Critical Design Review
Full Rate Production Decision Review
What is the role fo USD (AT&L)
AT&L is the Defense Acqusition Executive (DAE) and conducts Defense Acquisition Board reviews for
acquisition category ID programs at major program milestones.
Who advises USD (AT&L) on major acqusitiion decisions?
The Defense Acqusition Board (DAB)
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