ACQ202 Module 4 Exam, Part II 2021

1) Which test would a contractor conduct on a software item before they integrate it with hardware? [Distinguish among various types of Developmental Test and Evaluation (DT&E) (e.g., Production Qualification Tests, Production Acceptance Test and Evaluation, etc.).] [Remediation Accessed :N] Component Testing Environmental Testing Production Qualification Testing Production Acceptance Test and Evaluation L4.5 2) Spending plans serve as a tool to analyze program execution, an indicator of potential problems, and a predictor of future program performance. [Identify the use and importance of obligation and expenditure plans.] Fals e True 3) The Comptroller's administrative reservation of funds for a specific purpose is referred to as a(n): [Given a scenario, track budget execution through the commitment, obligation, and expenditure process.] Commitme nt Expenditur e Obligatio n Outla y 4) What does it mean if a project has a Percent Spent of 90%, Percent Scheduled of 85% and a Percent Complete of 95%? [Given performance data, detect and analyze the impact of significant problem areas, based on the status indicators.] [Remediation Accessed :N] The project is in good shape and should finish early and within budget. The project is in trouble and needs to be rebaselined. L4.6 The project has sufficient funds but is running behind schedule. The project is ahead of schedule but needs more funds. 5) The Earned Value Management (EVM) _________________ reveals how much it will cost to complete the program based on current program status. [Recognize the importance of Earned Value data in external reporting.] Estimate at Completion (EAC) Budget at Completion (BAC) Budgeted Cost of Work Performed (BCWP) To Complete Performance Index (TCPI) 6) If you have not been obligating your funds according to your obligation plan, you may become a prime candidate for losing your funds to other programs through __________. [Assess the impact of the failure to execute funds in accordance with program plans.] Reprogrammi