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Exam Elaboration | Finance
CDFM Module 4
SKU: CDFM Module 4 | Pages: 29 | Year: 2024
Document Brief Description
CDFM Module 4
What are Joint Acquisition Programs? - ✔✔Joint Acquisition Programs is any acqusition system,
subsystem, component, or technology pr...
CDFM Module 4
What are Joint Acquisition Programs? - ✔✔Joint Acquisition Programs is any acqusition system,
subsystem, component, or technology program with astrategy that includes funding by more than
one DoD component during any phase of a system's life cycle.
Who decides to place programs under joint acquisition management? - ✔✔The MDA decides
whether to place programs under joint management and designates the lead executive DoD
component.
What law requires an analysis of potential opportunities of international cooperation? - ✔✔10
USC 2350a(e) requires international cooperation consideration in the initial aquisition strategy
for a program.
When international programs may be established in the defense acqusition program -
✔✔Decision to include international partners needs to be included during development of the
initial capabilities document but no early than the material and solution analysis phase.
When is Earned Value Management (EVM) implemented - ✔✔EVM is part of program
management . It ensures that cost , schedule and technical aspects of the contract are truly
integrated.
In what type of contracts EVM is required - ✔✔EVM is required on Cost, and/or Incentive
contracts valued at greater than $20M.
What is EVM? - ✔✔Earned Value Management is a tool that
1. Relates the scope of the work to its associated budgets and schedule.
2. Measures the work progress in objective terms
3. States that value of the work completed in dollars and other measurable units.
What are EVM techniques? - ✔✔Correlate the budgeted cost of worked scheduled with the
budget cost of work performed (BCWP)
1. 0/100 Earned Value Technique
2. Percent Start/Percent Finish EV Technique (50/50) (25/75) (80/20)
3. Percent Complete
4. Units Completed
5. Equivalent Units
Describe the Percent Start/Percent Finish EV Technique - ✔✔Is an objective earned value
technique tied to the start and completion of a work package task, often referred to % assigned to
the start and finish milestone such as (50/50...)
Thsi technique tends to overstate performance in the first half of the period of performance and
uderstate performance in the last half.
What is the most important step in EVM system? - ✔✔Is the establishment of the Performance
Measurement Baseline (PMB)or the Budgeted Cost of Work
- 29-pages detailed model answer (PDF + online view)
- Clinical reasoning & medication selection justified
- NP-level explanation with key teaching points
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