Acquisition thresholds - Study guides, Class notes & Summaries

What are the phases of the life cycle? correct answers• Material Solution Analysis Phase (MSA) • Technology Maturation and Risk Reduction (TMRR) • Engineering and Manufacturing Development (EMD) • Production and Deploment (PD) • Operations and Support (OS) The _______________ is prepared to support a Milestone C decision and documents the user's operational performance capabilities in the terms of thresholds and objectives. correct answersCapability Production Document Deter...

WARRANT BOARD 2 EXAM QUESTIONS AND ANSWERS What are the 4 steps to minimize defective pricing? FAR 15.4 - answera. Obtain DCAA audits prior to negotiation b. Audit work in process c. Pressure Contractor to correct deficiencies d. Have Contractor evaluate subcontract proposals properly What is the reference for Acq plan (AP) and location of template? - answerAFFARS 5307.105 Color of Money - answer3400-O&M-1 year 3600-R&D-2 year 3080-procurement-3 year What are the elements of a contra...

WARRANT BOARD EXAM QUESTIONS AND ANSWERS What are the 4 steps to minimize defective pricing? FAR 15.4 - answera. Obtain DCAA audits prior to negotiation b. Audit work in process c. Pressure Contractor to correct deficiencies d. Have Contractor evaluate subcontract proposals properly What is the reference for Acq plan (AP) and location of template? - answerAFFARS 5307.105 Color of Money - answer3400-O&M-1 year 3600-R&D-2 year 3080-procurement-3 year What are the elements of a contract...

FAM104 Exam Questions with All Correct Answers Planning Steps in Developing Schedule - Answer- 1. ID the work needed for the project 2. Determine how long each WP will take (duration) 3. Sequence the WP (Network Diagram) 4. Determine the crit path and resource constraints 5. Adjust schedule as needed CPM - Answer- ID crit path, deterministic method using single time estimate, finds the longest time for project to be completed PERT & Monte Carlo - Answer- Stochastic scheduling techn...

CFCM TEST PREP | QUESTIONS WITH 100% CORRECT ANSWERS | UPDATED 2024 | GUARANTEED A+ How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? a. Annually b. Bi-annually c. Every five years d. Only as required - (c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by statute or regulation as aprerequisite to taking certain contract actions is defined as: a. A ratification b. Determination...

FAR 32.106 () Q: Name the different types of government financing in order of their preference - Answer-1. Private financing (most preferred). 2. Performance based payments. 3. Customary progress payments. 4. Guaranteed loans. 5. Unusual progress payments. 6. Advance payments (least preferred). *Acquisition Strategy Panel (ASP)* AFFARS 5307.104-92; AFICA MP 5307.104-92 () Q: Who prepares the ASP minutes, when are they prepared and who approves them? *AIR FORCE ONLY* - Answer-Program...

CFCM Practice Test Questions How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - Every 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - determination and findings Contracting officers below the level of ___ shall be selected and appointed - a head of a contracting activity According to the FAR convention...

Who does the FAR apply to? correct answer: all executive agencies Acquisition Team correct answer: all participants in government acquisition (including contractors and customers) Deviation correct answer: issuance of a policy, etc. inconsistent or not authorized by FAR Who is FAR maintained by? correct answer: o GSA o Secretary of Defense o NASA Administrator Who handles FAR revisions? correct answer: o DAR council o CAA council Who prints, publishes, and distributes the ...

CFCM Practice Test Questions and Answers Graded A+ - Latest Updated 2024/2025 (Solved) How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - answerEvery 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - answer-determination and findings Contracting officers below the level of ___ shall be selected and appointed - an...

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS Explain the difference between business clearance and contract clearance and circumstances for use, and the overall objectives of the process. Business clearance: 1. For competitive acquisitions the approval to issue the solicitation 2. For non-competitive acquisitions the approval to begin negotiations Contract Clearance: 1. For competitive acquisitions without discussion, the approval from the SSA to award 2. For competitive...