CDFM - MODULE 2 Questions with Correct Solutions
Question:
1. A line chart is called what?
Answer:
Frequency Polygon
Question:
2. What acquisition process category(s) has an independent cost estimate performed (by
CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate?
Answer:
ACAT 1 & ID
Question:
3. PPBE Planning Phase provides information to who?
Answer:
SECDEF
Question:
4. What are the 3 Quantifiable Benefits?
Answer:
(1) Cost Savings (2) Cost Avoidance (3) Productivity Improvement
Question:
5. Who/Where are Integrated Priority Lists submitted to?
Answer:
(1) SECDEF (2) Chairmain of Joint Chiefs of Staff and (3) Military Department
Question:
6. Chairman of the Joint Chiefs of Staff is the principal military advisor to?
Answer:
(1) The President (2) The national Security Council and (3) The SECDEF
Question:
7. What are the 8 steps to the Economic Analysis?
,Answer:
Objective, assumptions, constrains, alternatives, cost & benefits, compare alternatives risk
analysis, report results
Question:
8. What is the Percentage Changes Formula?
Answer:
(New#)-(Old#) divided by (Old#) x100
Question:
9. What is the Unit Cost Calculation?
Answer:
(Unit #) x (Learning Curve %)
Question:
10. Correlation Coefficient ranges from _____________?
Answer:
0 to 1 0 = no correlation, 1= perfect correlation
Question:
11. The QDR (strategic plan) is published by ___________?
Answer:
SECDEF
Question:
12. What process sets realistic but aggressive cost objectives early in acquisition program,
performs cost performance analyses before operational requirements are finalized, and
empowers the user to make effective choices by establishing trade-offs up front?
Answer:
Cost as an independent Variable (CAIV)
Question:
13. __________ is when funds are shifted within the same appropriation (O&M to O&M). No
statutory (Congress) authority required but Congress sets a maximum limit.
Answer:
Reprogramming
,Question:
14. Which Quantifiable Benefit is a reduction or elimination of some future resource
requirement and has not been included in an approved program, budgeted for, and not yet in
the POM?
Answer:
Cost Avoidance
Question:
15. What is the Coefficient of Variation looking for? The Higher or Smaller value?
Answer:
Smaller Value
Question:
16. What is the Coefficient of Determination look for? Higher or Smaller Value?
Answer:
Higher Value
Question:
17. The goal of the __________ is to improve federal program effectiveness and public
accountability, it is a strategic plan (QDR) which must contain outcome related goals and
objectives. Goals should be objective, quantifiable and measurable (what are we going to get
as a result).
Answer:
Government Performance & Results Act (GPRA)
Question:
18. What is the Learning Curve Calculation?
Answer:
(Small #) divided by (Large #)
Question:
19. What are the Descriptive Statistics; Measures of Dispersion; Standard Deviation; Normal
Distribution?
Answer:
(A) +/-1=68% of population
(B) +/-2= 95.5% of population
(C) +/-3 = 99.7% of population
, Question:
20. What is the Break Even Calculation?
Answer:
Investment divided by Savings (savings = old cost minus new cost) Example: 100/25=4. 4
years to break even
Question:
21. What are the 3 Major DoD Decision Support Systems?
Answer:
(1) PPBE (2) Joint Capabilities Integration & Development System (3) Defense Acquisition
Management System
Question:
22. Who maintains the Future Years Defense Program (FYDP)?
Answer:
Cost Assessment Program Evaluation (CAPE)
Question:
23. What Statistical Method describes a collection of quantiative information in a way that is
easy to understand nd interpret. Most common types are (1) measures of central tendency,
(2) measures of dispersion, (3) Frequency distribution?
Answer:
Descriptive Statistics
Question:
24. List 3 life cycle cost estimates for ACAT 1 programs.
Answer:
(1) Program Office Estimate (2) Component Cost Estimate (3) Independent Cost Estimate
Question:
25. Two revolving fund categories?
Answer:
(1) Stock Funds (Inventory) and (2) Industrial Funds (Goods and Services)
Question:
26. Constant Dollars means what?
Answer:
Inflation has been removed
Question:
1. A line chart is called what?
Answer:
Frequency Polygon
Question:
2. What acquisition process category(s) has an independent cost estimate performed (by
CAPE, in OSD) and prepared to check the accuracy and objectivity of the estimate?
Answer:
ACAT 1 & ID
Question:
3. PPBE Planning Phase provides information to who?
Answer:
SECDEF
Question:
4. What are the 3 Quantifiable Benefits?
Answer:
(1) Cost Savings (2) Cost Avoidance (3) Productivity Improvement
Question:
5. Who/Where are Integrated Priority Lists submitted to?
Answer:
(1) SECDEF (2) Chairmain of Joint Chiefs of Staff and (3) Military Department
Question:
6. Chairman of the Joint Chiefs of Staff is the principal military advisor to?
Answer:
(1) The President (2) The national Security Council and (3) The SECDEF
Question:
7. What are the 8 steps to the Economic Analysis?
,Answer:
Objective, assumptions, constrains, alternatives, cost & benefits, compare alternatives risk
analysis, report results
Question:
8. What is the Percentage Changes Formula?
Answer:
(New#)-(Old#) divided by (Old#) x100
Question:
9. What is the Unit Cost Calculation?
Answer:
(Unit #) x (Learning Curve %)
Question:
10. Correlation Coefficient ranges from _____________?
Answer:
0 to 1 0 = no correlation, 1= perfect correlation
Question:
11. The QDR (strategic plan) is published by ___________?
Answer:
SECDEF
Question:
12. What process sets realistic but aggressive cost objectives early in acquisition program,
performs cost performance analyses before operational requirements are finalized, and
empowers the user to make effective choices by establishing trade-offs up front?
Answer:
Cost as an independent Variable (CAIV)
Question:
13. __________ is when funds are shifted within the same appropriation (O&M to O&M). No
statutory (Congress) authority required but Congress sets a maximum limit.
Answer:
Reprogramming
,Question:
14. Which Quantifiable Benefit is a reduction or elimination of some future resource
requirement and has not been included in an approved program, budgeted for, and not yet in
the POM?
Answer:
Cost Avoidance
Question:
15. What is the Coefficient of Variation looking for? The Higher or Smaller value?
Answer:
Smaller Value
Question:
16. What is the Coefficient of Determination look for? Higher or Smaller Value?
Answer:
Higher Value
Question:
17. The goal of the __________ is to improve federal program effectiveness and public
accountability, it is a strategic plan (QDR) which must contain outcome related goals and
objectives. Goals should be objective, quantifiable and measurable (what are we going to get
as a result).
Answer:
Government Performance & Results Act (GPRA)
Question:
18. What is the Learning Curve Calculation?
Answer:
(Small #) divided by (Large #)
Question:
19. What are the Descriptive Statistics; Measures of Dispersion; Standard Deviation; Normal
Distribution?
Answer:
(A) +/-1=68% of population
(B) +/-2= 95.5% of population
(C) +/-3 = 99.7% of population
, Question:
20. What is the Break Even Calculation?
Answer:
Investment divided by Savings (savings = old cost minus new cost) Example: 100/25=4. 4
years to break even
Question:
21. What are the 3 Major DoD Decision Support Systems?
Answer:
(1) PPBE (2) Joint Capabilities Integration & Development System (3) Defense Acquisition
Management System
Question:
22. Who maintains the Future Years Defense Program (FYDP)?
Answer:
Cost Assessment Program Evaluation (CAPE)
Question:
23. What Statistical Method describes a collection of quantiative information in a way that is
easy to understand nd interpret. Most common types are (1) measures of central tendency,
(2) measures of dispersion, (3) Frequency distribution?
Answer:
Descriptive Statistics
Question:
24. List 3 life cycle cost estimates for ACAT 1 programs.
Answer:
(1) Program Office Estimate (2) Component Cost Estimate (3) Independent Cost Estimate
Question:
25. Two revolving fund categories?
Answer:
(1) Stock Funds (Inventory) and (2) Industrial Funds (Goods and Services)
Question:
26. Constant Dollars means what?
Answer:
Inflation has been removed
