Module 2 acq 101 - Study guides, Class notes & Summaries

Defense Acquisition Course - ACQ 101 Module 2 Correctly Answered Updated 2023 The Under Secretary of Defense (Acquisition, Technology & Logistics) serves as the Chairman of what Board? Defense Acquisition Board (DAB) Name the three major top-level participants in defense acquisition at the national level. 1. Executive Branch 2. Legislative Branch (Congress) 3. Defense Industry Name the three categories of roles the major instituions of defense acquisition play. 1. Perspectives 2. Respon...

ACQ 101 Module 8 Contract Management Questions and Answers Already Passed What is a contract? legal instrument that defines the relationship between the government and a contractor, acquisition of property, supplies, or services for the direct benefit of the government. What are the elements of a contract? mutual assent; consideration; competency; lawful purpose; certainty of terms; form provide by law What is mutual assent? offer and acceptance; express intent, communicated, complete terms, c...

ACQ 101 Module 11 Science and Technology in the Acquisition Process Latest 2023 Graded A+ What is definition of technology? the practical application of scientific knowledge What are the priority science and technology investment areas for FY 2013-17? data to decisions, cyber science and technology, autonomy What 3 budget activities are managed in the DoD S&T program? basic research, applied research, advanced technology development What is the objective of S&T programs? create or exploit sci...

ACQ 101 module 6 Work Breakdown Structure WBS Questions and Answers Rated A+ DoD components and contractors use WBSs as a foundation to establish schedules and formulating budgets. True The DoD provides guidance for the development of a standardized WBS. The principal document that describes these structures is derived from which of the following? MIL-STD-881C The principal document that the DoD employs in developing and standardizing WBS is the "DoD standard practice work breakdown structur...

ACQ 101 Module 14 Performance Based Logistics Latest 2023 Rated A+ In transactional arrangement, a commercial provider incentivized to reduce workload and equipment failure false, in a transaction based arrangement, a commercial provider is incentivized to increase workload in order to increase revenue NOT reduce workload and equipment failure. the opposite is true in PBL arrangements, whereby the provider is incentivized to reduce the number of repairs and the cost of labor used in the repair ...

Defense Acquisition Course - ACQ 101 Module Four 100% Answered!!! PIR Activities to be accomplished in the context of typical program acquisition and/or operational activities: FOT&E Results, Platform Readiness, CC Exercise, User Satisfaction , IA Assessments, Annual CFO Report, Mission Readiness, War Games, Lessons Learned Production & Deployment Phase the purpose is to produce and deliver requirements-compliant products to receiving military organizations. Structure of the DoD Acquisiti...

ACQ 101 Module 7 Financial Management Questions and Answers 100% Pass What is budget authority? The authority to enter into obligations that will results in immediate or future outlays. Similar to a spending limit that is approved by Congress. What is a commitment? An administrative reservation of funds, usually by the comptroller, in anticipation of a future obligation. What is an obligation? The legal reserve of funds to make a future payment of money. What is an expenditure? Is a charge ag...

ACQ 101 module 6 Work Breakdown Structure 2023 complete update solution DoD components and contractors use WBSs as a foundation to establish schedules and formulating budgets. - The DoD provides guidance for the development of a standardized WBS. The principal document that describes these structures is derived from which of the following? - The principal document that the DoD employs in developing and standardizing WBS is the "DoD standard practice work breakdown structures for defen...

Defense Acquisition Course- ACQ 101 - Module Five Correctly Answered latest 2023 Integrated Product Teams (IPTs) an integral part of the Defense Acquisition oversight and review process, a multi-disciplinary group of people who are collectively responsible for delivering a defined product or process, composed of representatives from all appropriate functional disciplines working together to : build successful programs, identify and resolve issues, and make sound and timely recommendations to f...

Defense Acquisition Course - ACQ 101 Module Seven Answered 100% Correctly Key Elements of Financial Management 1. Cost Estimation 2. Defense Appropriations and Funding Policies 3. Resource Allocation Process 4. Expiration of Budget Authority & Reprogramming Budget Authority the authority provided by law to enter in obligations that will result in immediate or future outlays. Also characterized by the period of availability by the timing of congressional action, or by the manner used to ...