CDFM Module 2 comprehensive exam
(New 2026/ 2027 Update) Questions &
Answers {Grade A} 100% Correct (Verified
Solutions)
Which 2 very similar Cost Estimating Methods happen early in the process? - Correct
answer (1) expert opinion approach; subjective judgement by an experienced individual
or group;
(2) Delphi Technique - expert opinion from a group, continual process until a
consensus or near consensus
What Quantifiable Benefit is a reduction in future personnel time and effort
requirements associated with a function or assigned task that has been included in an
approved program? - Correct answer Productivity Improvement
Initial Capabilities Document (ICD) identifies what? - Correct answer Capabilities
Shortfalls
,Foreign currency fluctuation was established to eliminate what? - Correct answer
Losses or gains to programs caused by fluctuation of specified foreign currency
exchange.
Goldwater-Nichols identified the Charmain of Joint Chief of Staff as the senior ranking
member of? - Correct answer The Armed Forces
The Under Secretary of Defense has oversight responsibility for? - Correct answer
DFAS and DCAA
What/Who is the DoD's senior level forum for advising the Under Secretary of Defense
(USD) for Acquisition, Technology, & Logistics (AT&L)? - Correct answer Defense
Acquisition Board
Describe a Project Order? - Correct answer Like a Contract, Agency MIPRs $ to
another Agency and they apply to contract, do not need to De-obligate when
appropriation expires
,___________ are when funds are shifted between appropriation accounts (O&N to PDW).
Requires statutory (Congress) authority. - Correct answer Transfers
____________ require the new requirement be unanticipated and be of a higher priority
than previously funded requirement. - Correct answer Realignments
What is the mos significant DoD law? - Correct answer National Security Act
The output from the PPBE Planning Phase is _________? - Correct answer Defense
Planning and Programming Guidance
What are 2 additional tools that can be used for evaluating contract schedule and
performance? - Correct answer PERT Chart and Gantt Chart
Best time to reduce costs is early in the process is based on what principle? - Correct
answer Cost as an Independent Variable (CAIV)
, Budgeted Cost of Work Schedule > Budgeted Cost of Work Performed= Favorable or
Non Favorable? - Correct answer Non-Favorable
Budgeted Cost of Work Scheduled< Budgeted Cost of Work Performed= Favorable or
Non Favorable? - Correct answer Favorable
The National Defense Strategy developed by ________________? - Correct answer
SECDEF
What Act requires an annual performance update on the web, no less than 150 days
after the end of the fiscal year? - Correct answer Government Performance & Results
Act (GPRA)
What is the running total of Net Operating Results (NOR) over the fiscal years of the
Defense Working Capital Funds existence (cumulative)? - Correct answer Accumulated
Operating Results (AOR)
(New 2026/ 2027 Update) Questions &
Answers {Grade A} 100% Correct (Verified
Solutions)
Which 2 very similar Cost Estimating Methods happen early in the process? - Correct
answer (1) expert opinion approach; subjective judgement by an experienced individual
or group;
(2) Delphi Technique - expert opinion from a group, continual process until a
consensus or near consensus
What Quantifiable Benefit is a reduction in future personnel time and effort
requirements associated with a function or assigned task that has been included in an
approved program? - Correct answer Productivity Improvement
Initial Capabilities Document (ICD) identifies what? - Correct answer Capabilities
Shortfalls
,Foreign currency fluctuation was established to eliminate what? - Correct answer
Losses or gains to programs caused by fluctuation of specified foreign currency
exchange.
Goldwater-Nichols identified the Charmain of Joint Chief of Staff as the senior ranking
member of? - Correct answer The Armed Forces
The Under Secretary of Defense has oversight responsibility for? - Correct answer
DFAS and DCAA
What/Who is the DoD's senior level forum for advising the Under Secretary of Defense
(USD) for Acquisition, Technology, & Logistics (AT&L)? - Correct answer Defense
Acquisition Board
Describe a Project Order? - Correct answer Like a Contract, Agency MIPRs $ to
another Agency and they apply to contract, do not need to De-obligate when
appropriation expires
,___________ are when funds are shifted between appropriation accounts (O&N to PDW).
Requires statutory (Congress) authority. - Correct answer Transfers
____________ require the new requirement be unanticipated and be of a higher priority
than previously funded requirement. - Correct answer Realignments
What is the mos significant DoD law? - Correct answer National Security Act
The output from the PPBE Planning Phase is _________? - Correct answer Defense
Planning and Programming Guidance
What are 2 additional tools that can be used for evaluating contract schedule and
performance? - Correct answer PERT Chart and Gantt Chart
Best time to reduce costs is early in the process is based on what principle? - Correct
answer Cost as an Independent Variable (CAIV)
, Budgeted Cost of Work Schedule > Budgeted Cost of Work Performed= Favorable or
Non Favorable? - Correct answer Non-Favorable
Budgeted Cost of Work Scheduled< Budgeted Cost of Work Performed= Favorable or
Non Favorable? - Correct answer Favorable
The National Defense Strategy developed by ________________? - Correct answer
SECDEF
What Act requires an annual performance update on the web, no less than 150 days
after the end of the fiscal year? - Correct answer Government Performance & Results
Act (GPRA)
What is the running total of Net Operating Results (NOR) over the fiscal years of the
Defense Working Capital Funds existence (cumulative)? - Correct answer Accumulated
Operating Results (AOR)
