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FAM104 Exam Questions with All Correct Answers

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FAM104 Exam Questions with All Correct Answers Planning Steps in Developing Schedule - Answer- 1. ID the work needed for the project 2. Determine how long each WP will take (duration) 3. Sequence the WP (Network Diagram) 4. Determine the crit path and resource constraints 5. Adjust schedule...

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  • September 28, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fam104
  • fam104 exam
  • fam104 exam questions with all correct answers
  • planning steps in developing schedule

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FAM104 Exam Questions with All
Correct Answers

Planning Steps in Developing Schedule - Answer- 1. ID the work needed for the project
2. Determine how long each WP will take (duration)
3. Sequence the WP (Network Diagram)
4. Determine the crit path and resource constraints
5. Adjust schedule as needed

CPM - Answer- ID crit path, deterministic method using single time estimate, finds the
longest time for project to be completed

PERT & Monte Carlo - Answer- Stochastic scheduling techniques used to determine
probabilities of success, PERT assumes normal distribution, MC requires computer

Critical Path and Slack/Float - Answer- Driving how long the project will take determined
by the amount of time different work packages can slip before becomes part of
extending crit path

Techniques for reducing time - Answer- Re-estimate schedule, working overtime, add
resources, use an expert, better tools, remove unneeded work, reduce requirements,
fast tracking

AS Importance - Answer- PM's approach to meet users requirements using resources,
Ways, ends, means, framework and requirements to follow

Acquisition Pathways available - Answer- UCA
MTA
MCA
Software Acq
Defense Bizness Systems Acq of Service
Acq of Services

DAS Tailoring - Answer- DoDD 5000.01 fit program IAW laws, program strategies,
documentation, phases, timings, decision levels

ADM - Answer- MDA uses to record milestone decision

APB - Answer- PMs agreement to meet cost, schedule, performance thresholds

, Program Deviation - Answer- When not meeting KPP THRESHOLD parameters listed

Acquisition Process Model - Answer- online tool to provide visual aid and templates

Rapid Prototyping - Answer- Innovative technologies provide residual operational
capability in operational environment within 5 years

Rapid Fielding - Answer- Begin production of proven technologies within 6 months and
field production quantities within 5 years

Project Cost Estimating - Answer-

Types of Cost - Answer- fixed, variable, semi-variable, recurring, non-recurring, direct,
indirect

Fixed, Variable, Semi-Variable - Answer- Ongoing activity total remains constant
regardless of output or phase
Varying in relationship to the rate

(non)Recurring - Answer- Elements of cost which occur repeated for each unit
One time cost, usually incurred to generate for first item

(In)Direct Costs - Answer- Costs directly from executing the project, traceable
Not ID-ed with single cost, overhead

Life Cycle Costs - Answer- Total cost of gov't for system over full life

Steps in Cost Estimating process - Answer- 1. Establish estimate ground rules and
assumptions
2. Collect data
3. Select Methodology
4. Make estimate
5. Check Estimate
6. Review and Report

Cost Estimating Techniques - Answer- Analogy, parametric, Build Up Estimate, Expert
opinion, actual costs

Analogy - Answer- ID similar system, compare and gather cost data, adjust based on
complexity comparison

Parametric - Answer- Uses statistical method to develop estimate, previous data
available

Build Up Estimate - Answer- Estimate each low-level program then sum estimates,
time-consuming, detailed engineering information, from WBS

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