CDFM Module Exam Questions with Correct Answers

What are Joint Acquisition Programs? - ANSWER Joint Acquisition Programs is any acqusition system, subsystem, component, or technology program with astrategy that includes funding by more than one DoD component during any phase of a system's life cycle. Who decides to place programs under joint acquisition management? - ANSWER The MDA decides whether to place programs under joint management and designates the lead executive DoD component. What law requires an analysis of potential opportunities of international cooperation? - ANSWER 10 USC 2350a(e) requires international cooperation consideration in the initial aquisition strategy for a program. When international programs may be established in the defense acqusition program - ANSWER Decision to include international partners needs to be included during development of the initial capabilities document but no early than the material and solution analysis phase. When is Earned Value Management (EVM) implemented - ANSWER EVM is part of program management . It ensures that cost , schedule and technical aspects of the contract are truly integrated. In what type of contracts EVM is required - ANSWER EVM is required on Cost, and/or Incentive contracts valued at greater than $20M. What is EVM? - ANSWER Earned Value Management is a tool that 1. Relates the scope of the work to its associated budgets and schedule. 2. Measures the work progress in objective terms 3. States that value of the work completed in dollars and other measurable units. What are EVM techniques? - ANSWER Correlate the budgeted cost of worked scheduled with the budget cost of work performed (BCWP) 1. 0/100 Earned Value Technique 2. Percent Start/Percent Finish EV Technique (50/50) (25/75) (80/20)