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The major areas or sources of risk in an acquisitions programs strategy
are technical, programmatic, and Ans✓✓✓ Business
This technique compares the planned or estimated values of designated
performance parameters with achieved values as the parameters move
towards a goal Ans✓✓✓ Technical Performance Measures
Three risk consequences used during the Material Soultion Analysis by
phase to analyze technical approaches Ans✓✓✓ Cost, Schedule,
Performance
A technical performance measures actual results are trending below the
lower tolerance. This can (blank) a system from being operationally
effective and suitable Ans✓✓✓ Prevent
Technical performance measures are used to assess this risk category
Ans✓✓✓ Technical Risk
A (blank) 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 (commercial and defense) 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 (blank) of the cost.
Correcting failures should spend (blank) and (blank%) should go
towards appraisal Ans✓✓✓ Prevent 50%, Correct 15%, and Appraisal
35%