CDFM - Module 2 Test Exam Questions And Solutions. |Latest updates 2024|
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CDFM - Module 2
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CDFM - Module 2
CDFM - Module 2 Test Exam Questions
And Solutions. |Latest updates 2024|
What are the 8 steps to the Economic Analysis? - answers Objective, assumptions,
constrains, alternatives, cost & benefits, compare alternatives risk analysis, report
results
What is the Percentage Cha...
CDFM - Module 2 Test Exam Questions
And Solutions. |Latest updates 2024|
What are the 8 steps to the Economic Analysis? - answers Objective, assumptions,
constrains, alternatives, cost & benefits, compare alternatives risk analysis, report
results
What is the Percentage Changes Formula? - answers (New#)-(Old#) divided by (Old#)
x100
What is the Unit Cost Calculation? - answers (Unit #) x (Learning Curve %)
Correlation Coefficient ranges from _____________? - answers 0 to 1
0 = no correlation, 1= perfect correlation
The QDR (strategic plan) is published by ___________? - answers SECDEF
What process sets realistic but aggressive cost objectives early in acquisition program,
performs cost performance analyses before operational requirements are finalized, and
empowers the user to make effective choices by establishing trade-offs up front? -
answers Cost as an independent Variable (CAIV)
__________ is when funds are shifted within the same appropriation (O&M to O&M).
No statutory (Congress) authority required but Congress sets a maximum limit. -
answers Reprogramming
Which Quantifiable Benefit is a reduction or elimination of some future resource
requirement and has not been included in an approved program, budgeted for, and not
yet in the POM? - answers Cost Avoidance
What is the Coefficient of Variation looking for? The Higher or Smaller value? - answers
Smaller Value
What is the Coefficient of Determination look for? Higher or Smaller Value? - answers
Higher Value
The goal of the __________ is to improve federal program effectiveness and public
accountability, it is a strategic plan (QDR) which must contain outcome related goals
and objectives. Goals should be objective, quantifiable and measurable (what are we
going to get as a result). - answers Government Performance & Results Act (GPRA)
What is the Learning Curve Calculation? - answers (Small #) divided by (Large #)
, What are the Descriptive Statistics; Measures of Dispersion; Standard Deviation;
Normal Distribution? - answers (A) +/-1=68% of population
(B) +/-2= 95.5% of population
(C) +/-3 = 99.7% of population
What is the Break Even Calculation? - answers Investment divided by Savings
(savings = old cost minus new cost)
Example: 100/25=4.
4 years to break even
What are the 3 Major DoD Decision Support Systems? - answers (1) PPBE
(2) Joint Capabilities Integration & Development System
(3) Defense Acquisition Management System
Who maintains the Future Years Defense Program (FYDP)? - answers Cost
Assessment Program Evaluation (CAPE)
What Statistical Method describes a collection of quantiative information in a way that is
easy to understand nd interpret. Most common types are (1) measures of central
tendency, (2) measures of dispersion, (3) Frequency distribution? - answers
Descriptive Statistics
List 3 life cycle cost estimates for ACAT 1 programs. - answers (1) Program Office
Estimate
(2) Component Cost Estimate
(3) Independent Cost Estimate
Two revolving fund categories? - answers (1) Stock Funds (Inventory) and
(2) Industrial Funds (Goods and Services)
Constant Dollars means what? - answers Inflation has been removed
A bar chart is called what? - answers Histogram
Cost estimating approach based on direct comparison w/historical information -
answers Analogy approach
____________ is achieved through the incremental Development Process, and
requires collaboration among war fighter, tester, and developer. In this process the
capability is identified, end state requirement is know, and the requirement is met over
time in several increments. - answers Evolutionary acquisition
How many steps are in the Economic analysis? - answers (1) objective,
(2) assumptions,
(3) alternatives,
What measures the degree of a relationship between 2 or more variables? - answers
Correlation Coefficient
A line chart is called what? - answers Frequency Polygon
What acquisition process category(s) has an independent cost estimate performed (by
CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate? -
answers ACAT 1 & ID
PPBE Planning Phase provides information to who? - answers SECDEF
What are the 3 Quantifiable Benefits? - answers (1) Cost Savings
(2) Cost Avoidance
(3) Productivity Improvement
Who/Where are Integrated Priority Lists submitted to? - answers (1) SECDEF
(2) Chairmain of Joint Chiefs of Staff and
(3) Military Department
Chairman of the Joint Chiefs of Staff is the principal military advisor to? - answers (1)
The President
(2) The national Security Council and
(3) The SECDEF
What are the Below the Threshold Reprogramming (BTRs) for Procurement for Max In
and Max Out? - answers Max In = lesser of +20M or +20%
Max Out = lesser of -20 M or -20% of line item
USC 10 pertains to what? - answers Misc Source of Funds
Revolving Fund Authority
Agricultural & grazing, recycling, sale, and out-lease, fish & wildlife, and energy savings
are all type of funding? - answers Misc Sources of Funds
Anything produced that can be measured (calculated/recorded/tabulated), like invoices
is called ____________? - answers Output measures
Working Capital Funds utilizes a __________ accounting system. - answers Cost
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