Acq 101 - Mod 1

Which of the following are considered primary objectives of System Acquisition Management? (Select all that apply) - correct answer o Satisfy the needs of operational users o Provide measurable improvements in functional capabilities o Acquire products in a timely manner at a fair and reasonable cost Which of the following best describes a system? - correct answer Hardware, software, logistics support, and personnel An example of Better Buying Power in practice would be limiting the number of contractors that can bid on a contract to those that have provided low-cost solutions to DoD in the past. - correct answer False Which of the following are areas of focus for Better Buying Power? (Select all that apply) - correct answer o Affordable programs o Cost control throughout the product life cycle o Improve the professionalism of the Total Acquisition Workforce Which of the following are constraints that impact a program's goals and objectives? (Select all that apply) - correct answer o Cost o Schedule o Performance Which of the following are components of risk? (Select all that apply) - correct answer o Future root cause o Probability o Consequence Use of new material or processes is an example of what kind of risk? - correct answer Performance Using multiple contractors or conducting multiple tests are examples of which type of risk strategy? - correct answer Control Establishing a reserve fund or putting in monitoring processes are examples of which type of risk strategy? - correct answer Accept Using a firm-fixed price contract is an example of which type of risk strategy? - correct answer Transfer Reducing the scope of performance objectives is an example of which type of risk strategy? - correct answer Avoid Which of the following is one of the principal mechanisms by which Congress modifies the defense acquisition structure? - correct answer National Defense Authorization Acts (NDAA) The Federal Acquisition Regulation (FAR): - correct answer Is the primary regulation for all Federal agencies for the acquisition of supplies and services