Summary CDFM Module Test bank 4 questions and correct answers

CDFM Module Test bank 4 questions and correct answers What are Joint Acquisition Programs? - correct answersJoint Acquisition Programs is any acqusition system, subsystem, component, or technology program with astrategy that includes funding by more than one DoD component during any phase of a system's life cycle. Who decides to place programs under joint acquisition management? - correct answersThe MDA decides whether to place programs under joint management and designates the lead executive DoD component. What law requires an analysis of potential opportunities of international cooperation? - correct answers10 USC 2350a(e) requires international cooperation consideration in the initial aquisition strategy for a program. When international programs may be established in the defense acqusition program - correct answersDecision to include international partners needs to be included during development of the initial capabilities document but no early than the material and solution analysis phase. When is Earned Value Management (EVM) implemented - correct answersEVM is part of program management . It ensures that cost , schedule and technical aspects of the contract are truly integrated. In what type of contracts EVM is required - correct answersEVM is required on Cost, and/or Incentive contracts valued at greater than $20M. What is EVM? - correct answersEarned Value Management is a tool that 1. Relates the scope of the work to its associated budgets and schedule. 2. Measures the work progress in objective terms 3. States that value of the work completed in dollars and other measurable units. What are EVM techniques? - correct answersCorrelate the budgeted cost of worked scheduled with the budget cost of work performed (BCWP) 1. 0/100 Earned Value Technique 2. Percent Start/Percent Finish EV Technique (50/50) (25/75) (80/20) 3. Percent Complete 4. Units Completed 5. Equivalent Units