Fundamentals (Module 5)
Select the Better Buying Power initiative that should be implemented to address the problem. -
Implement "should cost" based management
Assign each task to the individual responsible for its completion.
a) Life Cycle Logistician
b) Program Manager - a) Develop and implement risk planning;
Identify risks that impact multiple Integrated Product Teams and coordinate risk management efforts;
Revisit identified risks to verify risk analysis results.
b) Assign responsibility and authority for risk management activities;
Chair the Risk Management Board;
Allocate resources to manage risks
4) Match the responsibilities of the life cycle logistician with the appropriate task.
a) Manage Product Support Arrangements
b) Integrate Support Strategies
c) Employ Diagnostics and Prognostics
d) Apply Supply Chain Management - a) Create contract, determine if the contract must be open
to competition, and indicate the renegotiation period
b) Discourage designs that include hazardous materials that require special handling
c) Request further testing in response to results
d) Develop retail supply buffers to ensure adequate parts are available
Apply Supply Chain Management - Ensure that sufficient inventories are maintained at the depot
and field levels
Negotiate a contract to ensure a continuous inventory
, As a Devon analyzes a risk, what is the most appropriate sequence of her actions? - Quantify the
cost impacts, compare impacts with the affordability cap, and set reminder to review potential cost
impact in 3 months
As Devon has been reviewing several responses to RFPs from contractors, she's noticed some vague
indirects costs that over the course of the contract will add ten percent to the over all cost.
As Devon is identifying risk within a program, what are some methods that she might use? Select all that
apply. - -Talking with experts and leads about likely risks
-Researching independent assessments and trade studies
-Reviewing similar programs
As Devon works to manage risk what are her responsibilities as a Life Cycle Logistician, in contrast to the
Program Manager? Select all that apply. - -Assist in reporting risk status to senior management
personnel, revisit identified risks to verify risk analysis results, and support engineering trade-off
analyses to ensure risk elements are considered.
-Develop and implement the risk planning outlined in documentation, conduct risk analysis to provide to
decision makers, and recommend risk mitigation options, estimate funding requirements, support
implementation, and track progress of efforts, and identify risks that impact multiple Integrated Product
Teams and coordinate risk management efforts
Assign each task to the individual responsible for its completion.
a) Life Cycle Logistician
b) Program Manager - a) Develop and implement risk planning;
Identify risks that impact multiple Integrated Product Teams and coordinate risk management efforts;
Revisit identified risks to verify risk analysis results.
b) Assign responsibility and authority for risk management activities;
Chair the Risk Management Board;
Allocate resources to manage risks