AAPC PM Exam 3 comprehensive Questions and Answers with 100% Correct Answers | Latest Version

AAPC PM Exam 3 comprehensive Questions and
Answers with 100% Correct Answers | Latest Version
Question 1.
_______________________________ is developed by the PM for Milestone ___, and is
updated prior to each Milestone. It reflects the approved program being executed.
Correct Answer: The Acquisition Program Baseline (APB); B

Question 2.
Only the _____________________________ can approve changes to the APB
Correct Answer: Milestone Decision Authority (MDA)

Question 3.
The Acquisition Performance Baseline (APB) defines the space between the Key
Performance Parameter (KPP) objectives and thresholds in which trade-offs can be made
between cost, schedule and performance without requiring MDA approval
Correct Answer:

Question 4.
Key Performance Parameters (KPP)
Correct Answer: Performance parameters considered by the user to be the most
essential, and expressed in threshold and objective values

Question 5.
Trade Space
Correct Answer: The area between the threshold (minimum) and objective (pre-
ferred) parameters; The PM has the flexibility to work within the trade space

Question 6.
cost, schedule, and performance parameters are interrelated; a change in one parameter
can affect the others
Correct Answer:

Question 7.
When a program deviation occurs, the PM must...
Correct Answer: -Immediately inform the MDA -Within 30 days of the deviation, the
PM must explain to the MDA the reason for the deviation and what steps need to be
taken to bring the program back on track. -Within 90 days, one of four things must
happen

,Question 8.
Within 90 days of program deviation, one of these four things must happen
Correct Answer: 1. The program is brought back on track. 2. A new APB is approved,
changing only the parameters that were deviated. 3. An OIPT-level review is
conducted to evaluate the PM's proposed baseline revisions, and feedback is given to
the MDA, or in the case of a major program to the Defense Acquisition Executive
(DAE). 4. If one of the above actions does not take place within 90 days, then the MDA
should hold a formal program review to determine the status of the program.

Question 9.
Nunn-McCurdy Breach
Correct Answer: Congressional unit cost reporting requirements for Major Defense
Acquisition Programs (MDAPs), i.e., ACATs ID/IC

Question 10.
Nunn-McCurdy Breach criteria--Significant Breach vs. Critical Breach
Correct Answer: Current Baseline Estimate +15% (Significant Breach), +25% (Critical
Breach) Original Baseline Estimate +30% (Significant Breach), +50% (Critical Breach)

Question 11.
Obligation authority for the program is suspended if Congressional reporting timelines are
not met for both "significant" and "critical" Nunn-Mc- Curdy Breaches
Correct Answer:

Question 12.
Unit costs can be tracked by comparing Current Estimate to Current Baseline Estimate, and
to Original Baseline Estimate
Correct Answer:

Question 13.
Program Acquisition Unit Cost (PAUC)
Correct Answer: (Total Development $ + Procurement $ + Construction $) / Total
Program Quantity

Question 14.
Earned Value Management (EVM) is a tool that allows both Government and contractor
Program Managers (PMs) to have visibility into technical, cost, and schedule planning,
performance, and progress on their contracts.
Correct Answer:

, Question 15.
Cost Variance (CV) =
Correct Answer: BCWP - ACWP

Question 16.
Schedule Variance (SV) =
Correct Answer: BCWP - BCWS

Question 17.
Cost Performance Index (CPI) =
Correct Answer: BCWP/ACWP (measure of how efficiently the contractor is
performing the work based on the original planned budget)

Question 18.
Schedule Performance Index (SPI) =
Correct Answer: BCWP/BCWS (measure of how efficiently the contractor is
performing the work based on the original time phasing of the budget)

Question 19.
Contracts of ____________ or more require a formal EVM system validation
Correct Answer: $50 million

Question 20.
Earned Value Management (EVM) is an integrated management system that coordinates
______________, ______________, and ______________, and objectively measures
progress towards these goals.
Correct Answer: work scope, schedule, and budget goals

Question 21.
________________________ is the only organization recognized by DoD to perform EVMS
Validation
Correct Answer: The Defense Contract Management Agency (DCMA)

Question 22.
________________________ is responsible for conducting audit reviews of the contractor's
accounting system policies, procedures, and activities
Correct Answer: The Defense Contract Audit Agency (DCAA)