CDFM - Module 2 |401 questions with verified answers
"...only those funds required for work in a given fiscal year shall be included in the
RDT&E Budget request for that fiscal year for most classes of effort." Ans✓✓✓
Incremental Funding Policy
"Skewed" Distribution Ans✓✓✓ Data that does not fit neatly into the standard
distribution model.
(True/False) The government may NOT use funds previously obligated on
terminated contract if those funds are expired or cancelled. Ans✓✓✓ True
1) Create a Reengineering Framework Ans✓✓✓ The purpose of this step is to
build a comprehensive foundation and framework for the entire process re-
engineering change effort that will create the required focus, direction, and
motivation necessary to sustain itself.
1949 Amendment to the National Security Act Ans✓✓✓ Department of Defense,
consolidating the 3 military departments (4 services) under the Secretary's direct
control, and making the Secretary of Defense the only military representative on
the President's cabinet.
2) Identify Customers and Determine Needs Ans✓✓✓ The purpose of this step is
to develop a concrete and comprehensive understanding of the customers of the
targeted process and their needs and wants, that will results in a redesigned
business process that clearly provides added value to the customer.
3) Map the Existing Process Ans✓✓✓ The purpose of this step is to gain an
understanding of the "what" and "why" of the targeted process that will reinforce
the need for significant change and provide a basis for the redesign step.
,31 USC and FMR, Volume 3, Chapter 10 contains the ... Ans✓✓✓ Appropriation
Life Cycle
4) Measure Process Performance Ans✓✓✓ The purpose of this step is to gain the
needed performance understanding of the targeted process through the
collection of appropriate and relevant data, and to translate the data into
redesign goals (e.g. level of improvement, time, cost).
41 USC 263 and OMB Circular A-11, Part 7 provides statutory and Regulatory
Requirements for what? Ans✓✓✓ Earned Value Management (EVM)
5) Redesign the Existing Process Ans✓✓✓ The purpose of this step is to
formulate customer-focused breakthrough redesign concepts based on the
knowledge and understanding gained in the previous steps.
6) Implement the Redesign Ans✓✓✓ The purpose of this step is to manage the
implementation of the redesigned process and apply other key learning from the
previous steps to achieve dramatic improvements in business performance.
A ___ is a product-oriented family tree composed of hardware, software, services,
data and facilities that displays and defines the product, or products, to be
developed and/or produced. Ans✓✓✓ WBS
A ____ is a specific, definite, and certain order issued under the authority of 41
USC 6307. Ans✓✓✓ Project Order
A _______ is the most common type of obligation document. Ans✓✓✓ Contract
,A working capital fund has an officer (O-4) properly assigned to the organization
and the officer is doing the work that would normally be performed by a GS-13.
For managerial cost accounting purposes, is the "cost" of that officer's pay and
benefits "charged" at the military O-4 rate or the civilian GS-13 rate? Ans✓✓✓
Civilian GS-13 rate (and the proper MILPER account is reimbursed for the amount)
ACAT I stands for what? Ans✓✓✓ Acquisition Category I is a Major Defense
Acquisition Program (MDAP)
Actual Cost Method Ans✓✓✓ This approach uses actual costs contracted for or
actually incurred on the SAME system during an earlier period, which are then
projected to future events of a similar nature.
ACWP stands for what? Ans✓✓✓ Actual Cost of Work Performed
ADM stands for what? Ans✓✓✓ Acquisition Decision Memorandum
Advance Procurement is an exception to what funding policy? Ans✓✓✓ Full
Funding
Advanced Procurements can be described as Ans✓✓✓ funds to procure certain
components, material, or effort in advance of the end item buy, to preclude
serious and costly fluctuation in program continuity.
AFR stands for what? Ans✓✓✓ Agency Financial Report
, Agency Financial Report (AFR) is due when? Ans✓✓✓ due to OMB by 15
November each year
Agricultural and Grazing Leases Ans✓✓✓ permits the retention and expenditure
of money rentals received from agriculture and grazing leases.
An appropriate exception to the full-funding policy is the use of advance
procurement. Ans✓✓✓ Advance Procurement
An order that will produce a useful service or item by the end of the fiscal year
Ans✓✓✓ Economy Act Orders
Analogy Method Ans✓✓✓ Based on direct comparison with historical
information of similar existing activities, systems, or components.
Analysis process identifies capability gaps or shortcomings, and assesses the risk
associated with these gaps. Ans✓✓✓ JCIDS
AoA stands for what? Ans✓✓✓ Analysis of Alternatives
APB stands for what? Ans✓✓✓ Acquisition Program Baseline
Application of EVM is incouraged or discouraged for Firm Fixed Price (FFP)
contracts and subcontracts of any dollar value. Ans✓✓✓ Discouraged (but a good
idea)
APR is due when? Ans✓✓✓ due to OMB by 15 February each year
"...only those funds required for work in a given fiscal year shall be included in the
RDT&E Budget request for that fiscal year for most classes of effort." Ans✓✓✓
Incremental Funding Policy
"Skewed" Distribution Ans✓✓✓ Data that does not fit neatly into the standard
distribution model.
(True/False) The government may NOT use funds previously obligated on
terminated contract if those funds are expired or cancelled. Ans✓✓✓ True
1) Create a Reengineering Framework Ans✓✓✓ The purpose of this step is to
build a comprehensive foundation and framework for the entire process re-
engineering change effort that will create the required focus, direction, and
motivation necessary to sustain itself.
1949 Amendment to the National Security Act Ans✓✓✓ Department of Defense,
consolidating the 3 military departments (4 services) under the Secretary's direct
control, and making the Secretary of Defense the only military representative on
the President's cabinet.
2) Identify Customers and Determine Needs Ans✓✓✓ The purpose of this step is
to develop a concrete and comprehensive understanding of the customers of the
targeted process and their needs and wants, that will results in a redesigned
business process that clearly provides added value to the customer.
3) Map the Existing Process Ans✓✓✓ The purpose of this step is to gain an
understanding of the "what" and "why" of the targeted process that will reinforce
the need for significant change and provide a basis for the redesign step.
,31 USC and FMR, Volume 3, Chapter 10 contains the ... Ans✓✓✓ Appropriation
Life Cycle
4) Measure Process Performance Ans✓✓✓ The purpose of this step is to gain the
needed performance understanding of the targeted process through the
collection of appropriate and relevant data, and to translate the data into
redesign goals (e.g. level of improvement, time, cost).
41 USC 263 and OMB Circular A-11, Part 7 provides statutory and Regulatory
Requirements for what? Ans✓✓✓ Earned Value Management (EVM)
5) Redesign the Existing Process Ans✓✓✓ The purpose of this step is to
formulate customer-focused breakthrough redesign concepts based on the
knowledge and understanding gained in the previous steps.
6) Implement the Redesign Ans✓✓✓ The purpose of this step is to manage the
implementation of the redesigned process and apply other key learning from the
previous steps to achieve dramatic improvements in business performance.
A ___ is a product-oriented family tree composed of hardware, software, services,
data and facilities that displays and defines the product, or products, to be
developed and/or produced. Ans✓✓✓ WBS
A ____ is a specific, definite, and certain order issued under the authority of 41
USC 6307. Ans✓✓✓ Project Order
A _______ is the most common type of obligation document. Ans✓✓✓ Contract
,A working capital fund has an officer (O-4) properly assigned to the organization
and the officer is doing the work that would normally be performed by a GS-13.
For managerial cost accounting purposes, is the "cost" of that officer's pay and
benefits "charged" at the military O-4 rate or the civilian GS-13 rate? Ans✓✓✓
Civilian GS-13 rate (and the proper MILPER account is reimbursed for the amount)
ACAT I stands for what? Ans✓✓✓ Acquisition Category I is a Major Defense
Acquisition Program (MDAP)
Actual Cost Method Ans✓✓✓ This approach uses actual costs contracted for or
actually incurred on the SAME system during an earlier period, which are then
projected to future events of a similar nature.
ACWP stands for what? Ans✓✓✓ Actual Cost of Work Performed
ADM stands for what? Ans✓✓✓ Acquisition Decision Memorandum
Advance Procurement is an exception to what funding policy? Ans✓✓✓ Full
Funding
Advanced Procurements can be described as Ans✓✓✓ funds to procure certain
components, material, or effort in advance of the end item buy, to preclude
serious and costly fluctuation in program continuity.
AFR stands for what? Ans✓✓✓ Agency Financial Report
, Agency Financial Report (AFR) is due when? Ans✓✓✓ due to OMB by 15
November each year
Agricultural and Grazing Leases Ans✓✓✓ permits the retention and expenditure
of money rentals received from agriculture and grazing leases.
An appropriate exception to the full-funding policy is the use of advance
procurement. Ans✓✓✓ Advance Procurement
An order that will produce a useful service or item by the end of the fiscal year
Ans✓✓✓ Economy Act Orders
Analogy Method Ans✓✓✓ Based on direct comparison with historical
information of similar existing activities, systems, or components.
Analysis process identifies capability gaps or shortcomings, and assesses the risk
associated with these gaps. Ans✓✓✓ JCIDS
AoA stands for what? Ans✓✓✓ Analysis of Alternatives
APB stands for what? Ans✓✓✓ Acquisition Program Baseline
Application of EVM is incouraged or discouraged for Firm Fixed Price (FFP)
contracts and subcontracts of any dollar value. Ans✓✓✓ Discouraged (but a good
idea)
APR is due when? Ans✓✓✓ due to OMB by 15 February each year
