CDFM - Module 2 EXAM WELL SOLVED QUESTIONS WTH CORRECT ANSWERS

CDFM - Module 2 EXAM WELL SOLVED QUESTIONS WTH CORRECT ANSWERS A line chart is called what? ANS-Frequency Polygon What acquisition process category(s) has an independent cost estimate performed (by CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate? ANS-ACAT 1 & ID PPBE Planning Phase provides information to who? ANS-SECDEF What are the 3 Quantifiable Benefits? ANS-(1) Cost Savings (2) Cost Avoidance (3) Productivity Improvement Who/Where are Integrated Priority Lists submitted to? ANS-(1) SECDEF (2) Chairmain of Joint Chiefs of Staff and (3) Military Department Chairman of the Joint Chiefs of Staff is the principal military advisor to? ANS-(1) The President (2) The national Security Council and (3) The SECDEF What are the 8 steps to the Economic Analysis? ANS-Objective, assumptions, constrains, alternatives, cost & benefits, compare alternatives risk analysis, report results What is the Percentage Changes Formula? ANS-(New#)-(Old#) divided by (Old#) x100 What is the Unit Cost Calculation? ANS-(Unit #) x (Learning Curve %) Correlation Coefficient ranges from _____________? ANS-0 to 1 0 = no correlation, 1= perfect correlation The QDR (strategic plan) is published by ___________? ANS-SECDEF What process sets realistic but aggressive cost objectives early in acquisition program, performs cost performance analyses before operational requirements are finalized, and empowers the user to make effective choices by establishing trade-offs up front? ANS-Cost as an independent Variable (CAIV) __________ is when funds are shifted within the same appropriation (O&M to O&M). No statutory (Congress) authority required but Congress sets a maximum limit. ANS-Reprogramming Which Quantifiable Benefit is a reduction or elimination of some future resource requirement and has not been included in an approved program, budgeted for, and not yet in the POM? ANS-Cost Avoidance What is the Coefficient of Variation looking for? The Higher or Smaller value? ANS-Smaller Value What is the Coefficient of Determination look for? Higher or Smaller Value? ANS-Higher Value