CLC 056 Exam questions and answers_ CLC 056 Analyzing Contract Costs Exam (2022)

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1) Which of the following is true about analyzing summary cost estimates? [Determine the fairness and reasonableness of summary level cost estimates] Using a direct comparison with the cost of a si... milar contract effort is an acceptable summary estimating technique As the dollars and percentage of total costs increase, the emphasis on obtaining a detailed estimate decreases The effects of price inflation are not considered in determining if direct comparisons were properly developed and applied If a summary level estimate is as good as a detailed analysis, it is still required to use a detailed analysis 2) Identify when cost analysis is required. [Identify the fundamentals of cost analysis] [Remediation Accessed :N] To evaluate the reasonableness of individual cost elements when certified cost or pricing data are required To evaluate each individual proposal cost element including FCCOM and profit or fee On all proposals exceeding the Simplified Acquisition Threshold  Whenever a cost proposal is received [Show More]

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