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DFMC 19C Test Study Questions with Correct Answers| Latest Update
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DFMC 19C Test Study Questions with Correct Answers| Latest Update
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DFMC 19C Test Study Questions with CorrectAnswers| Latest Update
4 Main Goals of FM Legislation - ✔✔1. Enhance Internal Controls 2. Uniform Accounting
Standards 3. Improve Management Systems 4. Measure & Track Org Performance
The Appropriations Clause - ✔✔"No money shall be drawn from the Treasury, but in
consequence of appropriations made by law....
Decision Support - ✔✔Enabling Decision Makers to make Informed decisions that optimize
Resources and improve Mission effectiveness.
5 Steps of the Decision Support Model - ✔✔1. Identify the Issue 2. Analyze the Issue 3.
Develop Alternatives 4. Evaluate the Alternatives 5. Make a Recommendation
5 Keys to Decision Support - ✔✔1. Critical Thinking 2. Broad Perspective 3. Creativity 4.
Analysis (both Qualitative & Quantitative) 5. Communication Skills
Step 1. Identify the Issue (Most Important step) - ✔✔Purpose - frame the issue in a way that
opens the door for multiple solutions that will meet the intent and move you to the desired end
state. Deliverable- Issue statement.
Step 2. Analyze the Issue - ✔✔Purpose - Establish the environment surrounding the issue
and define what a good outcome would look like.
Step 2. Analyze the Issue - Tools/Methods - ✔✔1. Research 2. Stakeholder Analysis 3. Q-box,
Affinity Diagram 4. Relations Diagram
, Step 2. Analyze the Issue - 4 Deliverables - ✔✔1. Relevant Facts 2. Necessary Assumptions 3.
Valid Limitations 4. Defined & Weighted Criteria
2 Types of Criteria - ✔✔1. Evaluation Criteria defines and adds Goodness 2. Screening
Criteria defines must haves and removes Badness
4 Characteristics of a Good Set of Eval Criteria - ✔✔1. Measures Effectiveness 2. Each is
Distinctive 3. Sufficient Number to Distinguish between Alternatives 4. Definable & Measurable
on a Relative Scale
Step 3. Develop Alternatives - ✔✔Purpose - Identify potential options that will meet mission
requirements providing a choice for decision maker.
Deliverable - Good set of alternatives.
Step 3. Develop Alternatives - Tools/Methods - ✔✔1. Benchmarking 2. SWOT Analysis
3 Methods of Brainstorming - ✔✔1. Spontaneous 2. Round Robin 3. Written
4 Characteristics of a Good Set of Alternatives - ✔✔1. Feasible 2. Broadly Constructed 3.
Genuine 4. Reasonably Numerous
Step 4. Evaluate the Alternatives - ✔✔Purpose - Use the eval criteria defined & weighted in
step 2 to grade your alternatives
Deliverable - Rank ordered set of Alternatives & Justification.
Step 4. 2 Kinds of Analysis - ✔✔1. Qualitative - Nominal or Ordinal 2. Quantitative - Interval
or Ratio
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