Exam 3 AATC (PM 2303) questions and
answers rated A+
The major areas or sources of risk in an acquisition program strategy are technical,
programmatic and ______ - ANS ✔✔Business
This technique compares the planned or estimated values of designated performance
parameters with achieved values as the parameter moves towards a goal. - ANS ✔✔Technical
Performance Measures
Three risk consequences used during the Material Solution Analysis phase to analyze technical
approaches. - ANS ✔✔Cost,
Schedule,
Performance
A technical performance measures actual results are trending below the lower tolerance. This
can ______ a system from being operationally effective and suitable. - ANS ✔✔Prevent
Technical performance measures are used to assess this risk category. - ANS ✔✔Technical risk
A _______ report is used to provide a snapshot of contracting funding expenditures, billings,
and termination liability which relate EVM information to funding information - ANS
✔✔Contract Funds Status Report (CFSR)
Lean manufacturing has two main principles, minimize waste and _________ - ANS
✔✔Responsiveness to change.
, Negative cost and schedule variance means a contractor is ______ budget and ______ schedule.
- ANS ✔✔Over and Behind
Cost variance is positive while schedule variance is negative. CPI is 1.03 and SPI is .98. The
appropriate cost and schedule status is - ANS ✔✔Under budget, behind schedule. Efficient on
cost, inefficient on schedule
This equation is used to determine cost variance. - ANS ✔✔BCWP - ACWP (Budgeted cost -
actual cost)
Methods to control manufacturing costs include lean manufacturing, stability in manufacturing
process and ________ - ANS ✔✔Reduction of variability in the production process
This term describes a corporation that has the ability to perform multiple functions related work
within the same production cell where one process is used for commercial and defense
customers - ANS ✔✔Single Process Initiative
In terms of quality, preventing failures should spend _____ % of the cost. Correcting failures
should spend _____ and ______ % should go towards appraisal. - ANS ✔✔Prevent - 50%,
Correct - 15%, Appraisal - 35%
The learning curve theory states that as production of an item doubles, the man hours
expended producing that item decreases at a known rate. This theory is used when. - ANS
✔✔Cost estimating for quantities of systems to be produced
Production and manufacturing account for approximately _____% of the life cycle cost per
system - ANS ✔✔30%
Planning and Documentation, _________, Organizing and Staffing, Controlling Risk, and Leading
are all examples of Acquisition management task - ANS ✔✔Budgeting
answers rated A+
The major areas or sources of risk in an acquisition program strategy are technical,
programmatic and ______ - ANS ✔✔Business
This technique compares the planned or estimated values of designated performance
parameters with achieved values as the parameter moves towards a goal. - ANS ✔✔Technical
Performance Measures
Three risk consequences used during the Material Solution Analysis phase to analyze technical
approaches. - ANS ✔✔Cost,
Schedule,
Performance
A technical performance measures actual results are trending below the lower tolerance. This
can ______ a system from being operationally effective and suitable. - ANS ✔✔Prevent
Technical performance measures are used to assess this risk category. - ANS ✔✔Technical risk
A _______ report is used to provide a snapshot of contracting funding expenditures, billings,
and termination liability which relate EVM information to funding information - ANS
✔✔Contract Funds Status Report (CFSR)
Lean manufacturing has two main principles, minimize waste and _________ - ANS
✔✔Responsiveness to change.
, Negative cost and schedule variance means a contractor is ______ budget and ______ schedule.
- ANS ✔✔Over and Behind
Cost variance is positive while schedule variance is negative. CPI is 1.03 and SPI is .98. The
appropriate cost and schedule status is - ANS ✔✔Under budget, behind schedule. Efficient on
cost, inefficient on schedule
This equation is used to determine cost variance. - ANS ✔✔BCWP - ACWP (Budgeted cost -
actual cost)
Methods to control manufacturing costs include lean manufacturing, stability in manufacturing
process and ________ - ANS ✔✔Reduction of variability in the production process
This term describes a corporation that has the ability to perform multiple functions related work
within the same production cell where one process is used for commercial and defense
customers - ANS ✔✔Single Process Initiative
In terms of quality, preventing failures should spend _____ % of the cost. Correcting failures
should spend _____ and ______ % should go towards appraisal. - ANS ✔✔Prevent - 50%,
Correct - 15%, Appraisal - 35%
The learning curve theory states that as production of an item doubles, the man hours
expended producing that item decreases at a known rate. This theory is used when. - ANS
✔✔Cost estimating for quantities of systems to be produced
Production and manufacturing account for approximately _____% of the life cycle cost per
system - ANS ✔✔30%
Planning and Documentation, _________, Organizing and Staffing, Controlling Risk, and Leading
are all examples of Acquisition management task - ANS ✔✔Budgeting
