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
