ACQ1010 Module 5 questions with accurate answers
Actual Costs Method Ans✓✓✓ A method of cost estimating that uses
an extrapolation from actual costs that were contracted for or actually
incurred on that system during an earlier period. Generally used in the
P&D phase and forward.
Analogy Method Ans✓✓✓ A method of cost estimating which
compares a new system with one or more existing, similar systems for
which there is accurate cost and technical data. The analyst makes a
subjective evaluation relative to the similarities between the new system
and historic systems. Generally used in the very early in life of the
program during MSA, TMRR, or early EMD.
Below Threshold Reprogramming Ans✓✓✓ If dollar values to be
transferred from budget are under a certain threshold the reprogramming
can be done without involving congress.
Budget Authority (BA) Ans✓✓✓ Authority provided by law to enter
into obligations that will result in immediate or future outlays. In the
program office, prior to releasing a Request for Proposal (RFP), the
comptroller must verify that you have sufficient BA in the correct
appropriation and fiscal year.
Commitment Ans✓✓✓ Is the administrative reservation of funds
usually by the local comptroller, in anticipation of a future obligation. A
commitment is the response to a request for a spending action and
ensures that funds are available in the amount requested, correct FY, and
proper appropriation.
, Component Cost Estimate (CCE) Ans✓✓✓ Is used to prepare a
separate and distinct cost estimate on programs. The CCE is mandatory
for Major Defense Acquisition programs at MS A,B,C and FRP
Decision Review and is prepared at MDA discretion for other programs.
Component Headquarters Level Ans✓✓✓ At this level cost estimate is
referred to as Component Cost Estimate.
Congressional Prior Approval or Internal Reprogramming Ans✓✓✓ If
dollar values exceed the threshold or if certain conditions apply to
budget then congress involvement is required.
Congressional Prior Approval Reprogramming Ans✓✓✓ Required for
reprogramming actions involving: Congressional special interest items,
major system procurement quantity increases, General Transfer
Authority (GTA), Amounts exceeding those specified for Below
Threshold Reprogramming (BTR), etc.
Cost Analysis Requirements Description (CARD) Ans✓✓✓ Is used to
develop the POE, CCE, and ICE and describes the specifications of the
program and assumptions the program office used in preparing the POE.
Is provided to other groups that perform cost estimates on the program,
and helps ensure all groups are costing out the same program.
Cost Estimate Process for ACAT ID Ans✓✓✓ A POE is prepared for
the program. For MDAPs, the Service Cost Position is forwarded
through the Service's Assistant Secretary for Financial Management. If
Actual Costs Method Ans✓✓✓ A method of cost estimating that uses
an extrapolation from actual costs that were contracted for or actually
incurred on that system during an earlier period. Generally used in the
P&D phase and forward.
Analogy Method Ans✓✓✓ A method of cost estimating which
compares a new system with one or more existing, similar systems for
which there is accurate cost and technical data. The analyst makes a
subjective evaluation relative to the similarities between the new system
and historic systems. Generally used in the very early in life of the
program during MSA, TMRR, or early EMD.
Below Threshold Reprogramming Ans✓✓✓ If dollar values to be
transferred from budget are under a certain threshold the reprogramming
can be done without involving congress.
Budget Authority (BA) Ans✓✓✓ Authority provided by law to enter
into obligations that will result in immediate or future outlays. In the
program office, prior to releasing a Request for Proposal (RFP), the
comptroller must verify that you have sufficient BA in the correct
appropriation and fiscal year.
Commitment Ans✓✓✓ Is the administrative reservation of funds
usually by the local comptroller, in anticipation of a future obligation. A
commitment is the response to a request for a spending action and
ensures that funds are available in the amount requested, correct FY, and
proper appropriation.
, Component Cost Estimate (CCE) Ans✓✓✓ Is used to prepare a
separate and distinct cost estimate on programs. The CCE is mandatory
for Major Defense Acquisition programs at MS A,B,C and FRP
Decision Review and is prepared at MDA discretion for other programs.
Component Headquarters Level Ans✓✓✓ At this level cost estimate is
referred to as Component Cost Estimate.
Congressional Prior Approval or Internal Reprogramming Ans✓✓✓ If
dollar values exceed the threshold or if certain conditions apply to
budget then congress involvement is required.
Congressional Prior Approval Reprogramming Ans✓✓✓ Required for
reprogramming actions involving: Congressional special interest items,
major system procurement quantity increases, General Transfer
Authority (GTA), Amounts exceeding those specified for Below
Threshold Reprogramming (BTR), etc.
Cost Analysis Requirements Description (CARD) Ans✓✓✓ Is used to
develop the POE, CCE, and ICE and describes the specifications of the
program and assumptions the program office used in preparing the POE.
Is provided to other groups that perform cost estimates on the program,
and helps ensure all groups are costing out the same program.
Cost Estimate Process for ACAT ID Ans✓✓✓ A POE is prepared for
the program. For MDAPs, the Service Cost Position is forwarded
through the Service's Assistant Secretary for Financial Management. If
