CDFM Module 4 Exam Latest 2024 | CDFM
Module 4 Actual Exam 2024 Questions
and Correct Answers Rated A+
What are Joint Acquisition Programs? -ANSWER-Joint Acquisition
Programs is any acquisition system, subsystem, component, or
technology program with a strategy that includes funding by more than
one DoD component during any phase of a system's life cycle.
Who decides to place programs under joint acquisition management?
-ANSWER-The MDA decides whether to place programs under joint
management and designates the lead executive DoD component.
What law requires an analysis of potential opportunities of
international cooperation? -ANSWER-10 USC 2350a(e) requires
international cooperation consideration in the initial acquisition
strategy for a program.
When international programs may be established in the defense
acquisition program -ANSWER-Decision to include international
partners needs to be included during development of the initial
capabilities document but no early than the material and solution
analysis phase.
When is Earned Value Management (EVM) implemented -ANSWER-
EVM is part of program management. It ensures that cost, schedule
and technical aspects of the contract are truly integrated.
In what type of contracts EVM is required -ANSWER-EVM is required
on Cost, and/or Incentive contracts valued at greater than $20M.
,What is EVM? -ANSWER-Earned Value Management is a tool that
1. Relates the scope of the work to its associated budgets and
schedule.
2. Measures the work progress in objective terms
3. States that value of the work completed in dollars and other
measurable units.
What are EVM techniques? -ANSWER-Correlate the budgeted cost of
worked scheduled with the budget cost of work performed (BCWP)
1. 0/100 Earned Value Technique
2. Percent Start/Percent Finish EV Technique (50/50) (25/75) (80/20)
3. Percent Complete
4. Units Completed
5. Equivalent Units
Describe the Percent Start/Percent Finish EV Technique -ANSWER-Is
an objective earned value technique tied to the start and completion of
a work package task, often referred to % assigned to the start and
finish milestone such as (50/50...)
This technique tends to overstate performance in the first half of the
period of performance and understate performance in the last half.
What is the most important step in EVM system? -ANSWER-Is the
establishment of the Performance Measurement Baseline (PMB)or the
Budgeted Cost of Work Schedule (BCWS)
What is the PMB in and EVM? -ANSWER-The PMB includes the
undistributed budget, all summary level planning package budgets,
and all control account budgets. It does not include management
reserve.
,What is the final step of the PMB? -ANSWER-Is to classify work, to
allocate the budget and to time phase the control account work
package budgets. This last phase is calculate BWCS
How do we classify work packages in EVM? -ANSWER-in 3
categories, Discrete, apportioned effort, and level of effort.
Describe the realignment of the PMB -ANSWER-Rebase lining,
Preplanning, and Reprogramming
What is Reprogramming? -ANSWER-Reprogramming is a
comprehensive realignment of the remaining performance
measurement baseline that results in a total budget and/or total
schedule that exceeds the contractual requirements. It is the process
that results in an Over-Target Baseline or OTB and an Over-Target
Schedule OTS.
Schedule Performance Index (SPI) formula -ANSWER-
SPI=BCWP/BCWS
Estimate at Completion (EAC) formula -ANSWER-
EAC=ACWP+[(BAC-BCWP)/(Performance Factor)]
EAC Composite formula -ANSWER-ACWPcum+[(BAC-
BCWPcum)/(CPIcum*SPIcum)]
Upper Value (worst case)
EVM Terminology -ANSWER-EAC=Estimate at Completion
BAC=Budget at Completion(current)
BCWS=Budget Cost of Work Scheduled (current)
BWCP=Budget Cost of Work Performed (earned value)
ACWP=Actual Cost of Work Performed
, What is the Contractor Cost and Software Data Reporting (CSDR) -
ANSWER-The CSDR system involves two formal contractor reports,
the Contractor Cost Data Report (CCDR) and the Software Resources
Data Report (SRDR)
What is Contract Performance Report (CPR) -ANSWER-The PM
should obtain from the contractor a CPR (DD form 2734) on all
contracts the meet or exceed EVMS dollar thresholds and require
EVMS compliance. The CPR provides contract cost and schedule
performance for program management.
What is Contract Funds Status Report (CFSR) -ANSWER-(DD 1586)
has no specific application thresholds but PMs should evaluate
contracts of less than $1.3M. FFP contracts should not apply the
CFSR unless unusual circumstances dictate funding visibility.
What is Government Contract Quality Assurance (GCQA) -ANSWER-
DCMA Q&A personnel conducts quality assurance as identified in
contract administration delegations by the KO.
What is Independent Management Reviews (Peer Reviews) -
ANSWER-The Director, DPAP organizes review teams and facilitate
pre-award and post-award peer reviews for all service contracts with a
value of $1B or more (including options)
What are Milestone Decision Points? -ANSWER-Milestone Decision
Points initiate programs and authorize entry into major acquisition
process phases
MDP B -ANSWER-A favorable decision formally initiates an
acquisition program
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