CDFM Module 2 Exam Questions with Verified Solutions Latest Version 2025 Already Passed

CDFM Module 2 Exam Questions with Verified Solutions Latest Version 2025 Already Passed What law identifies the Chairman of the Joint Chiefs of Staff as the senior ranking member of the Armed Forces? - Answers The Goldwater-Nichols DoD Reorganization Act of 1986 The military operational chain of command runs from the President to whom? - Answers The SecDef to the Combatant Commanders The Chairman of the Joint Chiefs of Staff is the principal military advisor to which officials and/or organizations? - Answers The President, The National Security Council, and the SecDef Who serves as the Chairman of the National Security Council? - Answers The President Name the three major phases of the PPBE process that result in the DoD portion of the President's budget that is submitted to congress? - Answers PPB-Planning, Programming, Budget What is the name of the process used by DoD to determine the dollar amounts for programs to be submitted to Congress as part of the President's budget? - Answers PPBE process What is the title of the senior OSD official responsible for the planning phase of the PPBE process? - Answers Undersecretary of Defense-Policy What is the title of the senior OSD official responsible for issuing programing guidance? - Answers Director, Cost Assessment and Program Evaluation (CAPE) What is the title of the senior OSD official who is the principal advisor and assistant to the SECDEF for budget and fiscal matters? - Answers USDC/CFO (Under Secretary of Defense-Comptroller The Under Secretary of Defense (Acquisitions, Technology and Logistics) serves as the Chairman of what Board? - Answers DAB (Defense Acquisition Board) Assume today's date is 1 March 2014 and your organization knows about a new project or requirement that will require its initial funding in FY 2021, What is the first PPBE-related document in which you could identify resources for that requirement? - Answers POM What is the title of the final document of the planning phase? - Answers DPG-Defense Planning Guidance What is the title of the document prepared by the D, CAPE and USD(C) in the May to June time frame that provides guidance to Components for preparation of the POM and BES submissions? - Answers Integrated Program/Budget Review Guidance What is the name of the automates database that summarizes all forces, resources, and equipment associated with programs approved by the SECDEF? - Answers FYDP Future Years Defense Program What is the phase of the PPBE process in which programmatic decisions are translated into requested resources in an appropriations format? - Answers Budgeting (Budget Development) What is the name of the document prepared by the Joint Staff after its review of POMs submitted by the Military Departments that focuses on the balance and capabilities contained in those POMs? - Answers CPA Chairman's Program Assessment Near the end of the budget review process, the SECDEF and DEPSEC may conduct a review of Component major policy or budget issues that have not yet been resolved. Resolution of these issues may displace other programs within the fixed DoD topline. What is the name of this review? - Answers Issue Resolution Following a review of Component's budget submission and a potential budget hearing in the fall timeframe, the reviewing USD(C) budget analyst prepares a draft document that is submitted to the DEPSECDEF of SECDEF for a decision. Once signed by one of those senior officials, what is that document called? - Answers RMD-Resource Management Decision After all resource-related decisions have been made by the DEPSECDEF of SECDEF to determine the Defense portion of the President's Budget, the USD(C) posts final decisions into a database in the proper appropriation account format. What is the title of this database? - Answers CIS Comptroller Information System Advance Procurement is an exception to what funding policy? - Answers Full Funding Within what type document does Congress specify the number of fiscal years that an appropriation account remains current and available for new obligations? - Answers An appropriation bill (becomes a law when signed by president) There are two primary methods by which DoD obligates the vast majority of its appropriations. Name those two methods - Answers Contracts and MIPRs What is the term used for shifting funds between appropriations - Answers transfer What is the long-term financial goal of WCF? - Answers to break even A WCF has an officer (O-4) properly assigned to the organization and that officer is doing the work that would normally be performed by a GS-13. For managerial cost accounting purposes, is the "cost" of that officer's pay and benefits "charged" at the military O-4 rate or civilian GS-13 rate? - Answers Civilian GS-13 rate Assume your organization overpaid a ctr on a contract awarded with an appropriation that is now in the cancelled status, and the ctr has sent in a check for that overpayment. What can your organization do with that refund from the ctr? - Answers Credit the refund to misc. receipts of the U.S. treasury Monies not appropriated by Congress that are generated primarily from the sale of goods and services are known as what? - Answers Non-appropriated Funds The Defense Acquisitions System is the management process that guides DoD acquisition programs and is basically the process by which programmatic risk is managed. What are the three programmatic risks that must be successfully managed? - Answers Cost, Schedule, and Performance Risks What are the appropriations that may be used to fund acquisition programs? - Answers RDT&E, Procurement, O&M, MILCON, and MILPERS What is the acquisition approach that delivers capability to the warfighter in a set of increments spread over time with a known desired end-state capability-rather than in a single effort, because technology is not yet available to provide that end-state capability? - Answers Evolutionary Aquisition What is the term used to describe dollars shown in the life-cycle cost estimate wherein the effects of inflation are not considered? - Answers Base year dollars or Constant year dollars What cost structure does MIL-STD-881C represent? - Answers Work Breakdown Structure (WBS) What concept is based on the axiom that the best time to reduce cost is early in the process? - Answers Cost As an Independent Variable (CAIV) What cost estimating method is based on direct comparison with historical information of one similar system? - Answers Analogy Method Which cost estimating method is known as a statistic method or top-down method? - Answers Parametric Approach Which cost estimating method requires extensive knowledge of the product or process? - Answers Engineering Approach What are methods/steps in conducting the Delphi technique - Answers Query expert opinion Seek supporting rationale or information from each expert Summarize results Gather second opinion Continue iteration until consensus or near consensus is reached What is the theory that as the quantity of output doubles, the man-hours required to produce the quantity decreases at the fixed rate? - Answers Learning Curve Theory What is the name of the integrated management tool intended to relate ctr actual performance on a contract ot the ctr's planned cost and schedule, that measure the work progress in