CDFM 2.2 Exam Questions and Answers 2022/2023

JCIDS develop by the JCS to: - ANSWER assess gaps in jt warfighting capabilities and recommend solutions The Defense Acq. Systems about controlling ___, ___ and ___ risk. - ANSWER schedule, performance and cost DoD ...

JCIDS develop by the JCS to: - ANSWER assess gaps in jt warfighting capabilities and recommend solutions The Defense Acq. Systems about controlling ___, ___ and ___ risk. - ANSWER schedule, performance and cost DoD Acq. Mgmt. System Phases: - ANSWER Materiel Solutions, Tech Devel, Engineering and Manufacturing Dev, Production & Deployment Operations & Support Materiel Solutions uses ___ funds. - ANSWER O&M or RDTE Tech Develop uses ___ funds - ANSWER RDTE EMD uses __ funds. and achieves __ - ANSWER RDTE and PROC LRIP Production & Deployment uses __ funds and achieves __ - ANSWER PROC & MILCON IOC Operations & Support uses __ fund achieves ___ - ANSWER O&M and MILPERS FOC Vast majority of life cycle costs are incurred during the __ phase - ANSWER Operations and Support Milestone A - ANSWER 1. Tech Dev stage 2. Milestone A 3. Passing milestone A doesn't equal prog. Initiation Milestone B - ANSWER 1. Eng. & Manuf. Dev 2. Point at which program initiation occurs, must have funds to finance acquisition Milestone C - ANSWER 1. Prod & Devel 2. Positive decision allows LRIP or limited deployment ACAT 1 - ANSWER Based on $ amount or designation by USD(ATL) FY 2000 Constant dollars RDTE > $365M/ PROC > $2.19B ACAT 1A / MAIS - ANSWER Major Automated Information Systems ASD(NII) designates MDA. Single year costs > FY2000 $32M DoD LCC can be grouped by: - ANSWER approp, WBS or LCC categories There are 3 LCC estimates for ACAT 1 programs - ANSWER Program Office Est., Components Cost Est., and ICE DoD LCC are grouped in three major ways: - ANSWER Approp category WBS Life-Cycle Cost categories LCC Approp category - ANSWER used by financial mgr. for internal budgets and to submit to Congress LCC WBS - ANSWER Used by PM and should be IAW MIL-HDBK-881 3 LCC estimates: - ANSWER Program Office Estimate, Component Cost Estimate, Independent Cost Estimate LCC Categories - ANSWER used by cost analyst and includes: R&D Investment O&S Disposal costs The Component Cost Est. is __ of the acquisition chain of command - ANSWER independent The ICE is done by the ___ and is ___ of the acq. Chain - ANSWER CAIG , independent Cost Analysis Requirements Description (CARD) is used for? - ANSWER All ACAT I and ACAT 1A programs. Used to capture detailed LCC and prepared by the PM Prog. Acq. Unit Cost (PAUC) - ANSWER total cost of development + procurement + MILCON -------------------------------------------------------------------- fully configured end items Ave. Proc Unit Cost (APUC) - ANSWER total funds programmed for PROC ---------------------------------------------- no. of fully configured end items Program WBS - ANSWER basis for PE data, ensures program work is defined. Contract WBS - ANSWER focuses on Control account or CLIN MIL-HDBK-881 - ANSWER defines WBS elements by commodity A CAIV key tenant is early and continuous __ involvement - ANSWER custmer/warfighter CAIV - ANSWER best time to reduce costs is early in the process, address cost tradeoffs early CAIV involves stakeholders making tradeoffs among: - ANSWER performance, schedule and cost Economic Analysis - ANSWER Each alternative must be considered and its LCC and benefits evaluated All costs and benefits are adjusted to present value. Analogy Approach - ANSWER based on comparison with historical info of similar activities, systems Parametric Approach - ANSWER Top down, based on physical attributes or perf characteristics and their relationships to highly aggregated component costs, beneficial in early stages/statistical method Engineering Approach - ANSWER Bottom up, detailed and costly, each WBS is costed Actual Approach - ANSWER very accurate, based on earlier costs for same system, limited applicability Expert Opinion approach - ANSWER subjective, use if time is an issue. Gives you a ROM Delphi Technique - ANSWER query experts and go through iterations until there is consensus 3 types of quantifiable benefits: - ANSWER Cost savings, Cost avoidance, Productivity improvement Cost savings - ANSWER reduction of approved program in the POM Cost avoidance - ANSWER eliminates future resource requirements Not in the POM Productivity improvement - ANSWER No direct impact on future funding requirements but enable more work with same personnel Non-quantifiable benefits are: - ANSWER subjective and qualitative Examples of non-quantifiable benefits: - ANSWER improved morale, compatibility, quality and security Three types of descriptive statistics are: - ANSWER Meas. Of Central Tendency Meas. Of Dispersion Frequency Distribution Meas of Central Tendency are: - ANSWER Mean, Median, Mode Mean - ANSWER Mathematic average Median - ANSWER Middle value - useful if data has a few extremes Mode - ANSWER can have multiple modes Measures of Dispersion - ANSWER Range & standard deviation Range = - ANSWER Largest number minus smallest number St. Deviation = - ANSWER measures how values are spread around the mean / 68%, 95%, 99% Histograms and frequency polygons are examples of? - ANSWER frequency distributions Skewed distributions - ANSWER Positive - most of data on left Negative - most of data on right 2 types of Inferential statistics - ANSWER 1. Proportion & percentage 2. Meas. Of Correlation 2 types of Meas. Of Correlation - ANSWER 1. Correlation Coefficient 2. Linear Regression Correlation Coefficient - ANSWER Meas. Degree of relationship between 2 or more variables +/- 1 means perfect correlation 0 means no correlation Linear Regression "Best Fit" uses: - ANSWER Coefficient of Determination and Coefficient of Variation Coefficient of Variation - ANSWER expressed a %, meas variability between variables, smaller the variability the more confidence Constant dollars - ANSWER inflation removed Current dollars - ANSWER "then-year dollars" and reflect inflation Break Even Point - ANSWER doesn't consider time value of money Break Even Analysis used when: - ANSWER high risk and want to recover costs quickly Earned value Mgmt used to ___ - ANSWER relate performance with cost and schedule Cost variance - ANSWER compares Budget cost of Work to Actual Cost Schedule Variance - ANSWER compares Budget Cost of Work Performed to Budget Cost of Work scheduled Favorable cost variance if __ - ANSWER actual costs are less than budgeted Favorable schedule variance if __ - ANSWER budget for work performed is greater than budget for work scheduled. PERT Chart - ANSWER displays critical path which is the longest path GANNT chart - ANSWER displays schedule and resources ACAT ID MDA is at the __ level - ANSWER Defense ACAT IC MDA is at the __ level - ANSWER Component There are 3 LCC estimates for ACAT I programs: - ANSWER Program Office Est. Component Cost Est, Independent Cost Est. ICE is performed by? - ANSWER Cost Analysis Improvement Group (CAIG) which is not in the acquisition community Draft version of the CARD is due __ days prior to milestone review and agains at __ days - ANSWER 180, 45 ACAT I and ACAT ID ICE is performed by? - ANSWER CAPE 1 st. dev 2 st. dev 3 st. dev - ANSWER 68.27% 95.45% 99.73% Present Value Factor - ANSWER 1 ---------- (1+d) t Break Even formula - ANSWER Investment ---------------- Savings Learning Curve theory - ANSWER As the quantity doubles, the labor hrs/unit decreases at a fixed rate Learning Curve Rate = - ANSWER Incremental Unit Cost of Item X 2n ---------------------------------------------- Incremental Unit Cost of Item Xn There are two type of contracts: - ANSWER Fixed Price Cost Reimburseable In Fixed price K';s the __ bears most of the risk and in Cost+ the __ bears it - ANSWER contractor gov't DoD Directive 5000.01 governs - ANSWER all DoD acquisition programs