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