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Enhanced Defense Financial Management Training Course questions with 100% answers.
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Enhanced Defense FinancialManagement Training Course questions
with 100% answers.
What is the term used to describe dollars used for programming and budgeting purposes wherein the
effects of inflation are considered? ANS - Then-year dollars or Current year dollars
The Defense Acquisition System is the management process that guides DoD acquisition programs and is
basically the process by which programmatic risk is managed. What are the three programmatic risks
that must be successfully managed? ANS - Cost, Schedule, and Performance risks
What are the appropriations that may be used to fund an acquisition program? ANS - RDT&E,
Procurement, O&M, MILCON, and MILPERS
What is the term used to describe dollars shown in the life cycle cost estimate wherein the effects of
inflation are not considered? ANS - Base year dollars or Constant year dollars
What cost structure does MIL-STD-881D represent? ANS - Work Breakdown Structure (WBS)
Which cost estimating method is based on direct comparison with historical information of one similar
system? ANS - Analogy Method
Which cost estimating method is know as a statistical method or top-down method? ANS - Parametric
Approach
Which cost estimating method requires extensive knowledge of the product or process? ANS -
Engineering Approach
What are the methods/steps in conducting the Delphi Technique? ANS - Query expert opinion; Seek
supporting rational or information from each expert; Summarize results; Gather second opinion;
Continue iteration until consensus or near-consensus is reached
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