CDFM - Module 2 Exam 2024 | CDFM Module
2 Actual Exam Update 2024 Question and
Correct Answers Rated A+
A line chart is called what? -ANSWER-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? -ANSWER-ACAT 1 & ID
PPBE Planning Phase provides information to who? -ANSWER-
SECDEF
What are the 3 Quantifiable Benefits? -ANSWER-(1) Cost Savings
(2) Cost Avoidance
(3) Productivity Improvement
Who/Where are Integrated Priority Lists submitted to? -ANSWER-(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? -ANSWER-(1) The President
(2) The national Security Council and
(3) The SECDEF
What are the 8 steps to the Economic Analysis? -ANSWER-Objective,
assumptions, constrains, alternatives, cost & benefits, compare
alternatives risk analysis, report results
What is the Percentage Changes Formula? -ANSWER-(New#)-(Old#)
divided by (Old#) x100
What is the Unit Cost Calculation? -ANSWER-(Unit #) x (Learning
Curve %)
,Correlation Coefficient ranges from _____________? -ANSWER-0 to
1
0 = no correlation, 1= perfect correlation
The QDR (strategic plan) is published by ___________? -ANSWER-
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? -ANSWER-
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. -ANSWER-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? -ANSWER-Cost
Avoidance
What is the Coefficient of Variation looking for? The Higher or Smaller
value? -ANSWER-Smaller Value
What is the Coefficient of Determination look for? Higher or Smaller
Value? -ANSWER-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). -ANSWER-Government Performance & Results Act
(GPRA)
,What is the Learning Curve Calculation? -ANSWER-(Small #) divided
by (Large #)
What are the Descriptive Statistics; Measures of Dispersion; Standard
Deviation; Normal Distribution? -ANSWER-(A) +/-1=68% of population
(B) +/-2= 95.5% of population
(C) +/-3 = 99.7% of population
What is the Break Even Calculation? -ANSWER-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? -ANSWER-(1)
PPBE
(2) Joint Capabilities Integration & Development System
(3) Defense Acquisition Management System
Who maintains the Future Years Defense Program (FYDP)? -
ANSWER-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? -ANSWER-Descriptive
Statistics
List 3 life cycle cost estimates for ACAT 1 programs. -ANSWER-(1)
Program Office Estimate
(2) Component Cost Estimate
(3) Independent Cost Estimate
Two revolving fund categories? -ANSWER-(1) Stock Funds
(Inventory) and
(2) Industrial Funds (Goods and Services)
Constant Dollars means what? -ANSWER-Inflation has been removed
, A bar chart is called what? -ANSWER-Histogram
Cost estimating approach based on direct comparison w/historical
information -ANSWER-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. -ANSWER-Evolutionary acquisition
How many steps are in the Economic analysis? -ANSWER-(1)
objective,
(2) assumptions,
(3) alternatives,
(4) costs & benefits,
(5) compare alternatives,
(6) risk analysis
(7) report results, and
(8) constraints
What measures the degree of a relationship between 2 or more
variables? -ANSWER-Correlation Coefficient
What are the Below the Threshold Reprogramming (BTRs) for
Procurement for Max In and Max Out? -ANSWER-Max In = lesser of
+20M or +20%
Max Out = lesser of -20 M or -20% of line item
USC 10 pertains to what? -ANSWER-Misc Source of Funds
Revolving Fund Authority
Agricultural & grazing, recycling, sale, and out-lease, fish & wildlife,
and energy savings are all type of funding? -ANSWER-Misc Sources
of Funds
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