ACQ 202 Module 4 Exam: Part II, Questions with accurate answers, Graded A+

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ACQ 202 Module 4 Exam: Part II, Questions with accurate answers, Graded A+ What does it mean if a project has a Percent Spent of 90%, Percent Scheduled of 85% and Percent Complete of 95%? - ☑☑ ... 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) __________. - ☑☑Expenditure Which of the following is a valid reason for rebaselining the Performance Measurement Baseline (PMB)? - ☑☑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? - ☑☑Critical Technical Parameters (CTPs). With modeling and simulation, we model the system and then test the _________ to gather test predictions. - ☑☑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? - ☑☑EAC Low: $833 - EAC High: $1,028 What type of testing would be conducted to determine the effectiveness of the manufacturing process? - ☑☑Production Qualification Testing (PQT).A(n) ________________ can be used for predicting program obligation performance and funding requirements and identifying potential budget execution problems. - ☑☑Spending Plan Which of the following statements is NOT true regarding the requirements and objectives associated with an Integrated Baseline Review (IBR)? - ☑☑The initial IBR should be completed within six months of contract award. The specific information required for each milestone review can be found in _____. - ☑☑DoD instruction 5000.02 Which of the following is FALSE? a. Exit criteria are measurable and demonstrable. b. Exit criteria must be successfully demonstrated before a program can proceed further. c. Exit criteria are not specific to a particular phase of an acquisition program. d. Exit criteria help mange and reduce risk. - ☑☑c. Exit criteria are not specific to a particular phase of an acquisition program. [Show More]

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