Exam (elaborations)
ACQ 202 Module 4 Exam: Part II QUESTIONS AND ANSWERS | VERIFIED
- Course
- Institution
ACQ 202 Module 4 Exam: Part II QUESTIONS AND ANSWERS | VERIFIED
[Show more]
Seller
Follow
Classroom
Reviews received
Content preview
ACQ 202 Module 4 Exam: Part II QUESTIONS AND ANSWERS | VERIFIEDWhat does it mean if a project has a Percent Spent of 90%, Percent Scheduled of
85% and Percent Complete of 95%? Correct Answer: The project is in good shape
and should early and within budget.
Your program is liable for payment on good and services received under a
contract. Your payment, based on a submitted invoice, for all or part of this
obligation is a(n) __________. Correct Answer: Expenditure
Which of the following is a valid reason for rebaselining the Performance
Measurement Baseline (PMB)? Correct Answer: The plan for completing the
remaining contract effort is no longer achievable.
Which of the following test items are determined by the Program Management
office that is developing a system? Correct Answer: Critical Technical Parameters
(CTPs).
With modeling and simulation, we model the system and then test the _________
to gather test predictions. Correct Answer: Model.
The following data is received from contractor: Budgeted Cost of Work Perform
(BCWP) = $300 Cost Performance Index (CPI) = 1.2 Budgeted Cost of Work
Scheduled (BCWS) = $400 Schedule Performance Index (SPI) = 0.75 Actual Cost
of Work Performed (ACWP) = $250 Budget at Completion (BAC) = $1,000
Contractor's Latest Revised Estimate = $1,000 Equation for Estimate at
Completion (EAC) Low = ACWP + ((BAC-BCWP)/(CPI)) Equation for EAC
High = ACWP+((BAC-BCWP)/(CPI*SPI) Which of the following represents the
most reasonable EAC range for these data based on EVM? Correct Answer: EAC
Low: $833 - EAC High: $1,028
What type of testing would be conducted to determine the effectiveness of the
manufacturing process? Correct Answer: Production Qualification Testing (PQT).
A(n) ________________ can be used for predicting program obligation
performance and funding requirements and identifying potential budget execution
problems. Correct Answer: Spending Plan
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Classroom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.79. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now