PMT 252 PMT 252 Mod 5 Test | Defense Acquisition University

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PMT 252 Mod 5 1. Which of the following must be factored into cost estimates in order to provide inputs for the Program Objectives Memorandum (POM) and other budget submissions? a. Escalation 2. Which of the following statements regarding the linkage between cost estimates and Earned Value Management (EVM) is NOT true? a. The cost estimate lays the foundation for the Performance Measurement Baseline (PMB), which in turn measures actual program performance. 3. In some cases, the government will ask the contractor for a Rough Order of Magnitude (ROM). Which of the following cost estimating methods should the contractor use to ensure their ROM is produced quickly and renders a quick decision? a. Detailed b. Incorporate the opinions of experts 4. Which of the following statements are true regarding the factoring of escalation and price indices to calculate cost estimates? a. To turn a base year (BY) cost estimate into an input for the Planning, Programming, Budget, and Execution (PPBE) process, you must convert the constant dollars to thenyear (TY) dollars to account for inflation over the timeframe in which the funds will be outlayed. 5. How is the Parametric cost estimating method used? a. By using a statistical relationship between historical data and other variables to calculate a cost estimate. 6. General and Administrative (G&A) Cost is used to determine which of the following? a. Total Overhead cost 7. Which adjustment to direct cost refers to any measurement of a metered product or service? a. Usage 8. The Air Force’s new information systems security Request for Proposal (RFP) asks for monthly trips by the program manager (PM) to the service site for the duration of the contract. What kind of cost is this? a. Other direct 9. Identify expenses that would be categorized as Other Direct Cost. a. Facility rentals 10. What is the term for a cost estimate focused on the budget year (first year of the Program Objectives Memorandum (POM)) prepared for inclusion in the Department of Defense (DoD) budget to support acquisition programs? a. Life Cycle Cost Estimate (LCCE) 11. Converting constant year dollars (also referred to base year (BY) dollars) to then-year (TY) dollars requires an understanding of both types of metrics. Which of the following statements below is NOT true regarding BY and TY dollars? a. Constant Year dollars are calculated by multiplying current dollar estimates by appropriate bi-annual price indices to account for inflation over the timeframe in which the funds will be outlayed. gun system is a required subcomponent of Program X. Given that the gun system is an existing system that is already being purchased by other programs, which is the best cost estimating method to use? a. Actual Cost

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