Defense Acquisition University BCF 130 Fundamentals of Cost Analysis Module 1-2 Exam (Step 1)

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BCF130 Fundamentals of Cost Analysis Module 1-2 Exam (Step 1) 1) Which DoD policy document details the Milestone decision process, statutory and regulatory acquisition document requirements, and ... acquisition management responsibilities? [Recognize the legal and policy requirements (e.g., DoDI 5000.02, DoDI 5000.73) for a cost estimate.] DoD Instruction 5000.02 DoD Directive 5000.01 DoD Instruction 5000.73 None of the above. 2) ______________________________ is required to be performed on costreimbursement contracts to determine the probable cost performance for each offer. [Identify three general purposes of DoD cost analysis (comparative studies, basis for program funding, and cost realism before awarding contracts) and the different types of analyses that support them.] Cost realism analysis Comparative studies analysis Independent cost estimate analysis Life cycle cost estimates analysis 3) _________________________________ consists of production, military construction, and deployment costs. [Define the four cost categories in a life cycle cost estimate.] Investmen t Research and Development BCF130 Fundamentals of Cost Analysis Module 1-2 Exam (Step 1) Operating and Support Disposa l 4) At each Milestone Decision review, the DoD Component must fully fund the program to the CCP in the current Future Years Defense Program (FYDP) or commit to full funding of the cost position in the next FYDP upon certification by the Component Acquisition Executive and the DoD Component Chief Financial Officer. [Describe the purpose of various life cycle cost estimates (POE, CCE, CCP, and ICE) and the organization responsible for each estimate.] Fals e True 5) During this step of the cost estimation process providing good directions and a clear trail to follow are essential in having an estimate that can be replicated. [Define the steps in DoD cost estimating process.] Documentation and Presentation Risk and Uncertainty Analysis Definition and Planning Data Collection, Normalization and Analysis 6) Which of the following should be considered when planning the formation of an estimate? (Select all that apply) [Describe the key considerations when establishing an estimating plan and structure.] Resources available to develop the estimate None of these are correct Scope of BCF130 Fundamentals of Cost Analysis Module 1-2 Exam (Step 1) Estimate Timeline to develop the estimate 7) A Cost Analysis Requirements Description (CARD) is required for all Acquisition Category (ACAT) programs. [Describe the process of creating and contents of a Cost Analysis Requirements Description (CARD).] True Fals e 8) One of the most important ground rules and assumptions (GR&As) is to define a realistic schedule. [Identify the purpose of ground rules and assumptions.] Fals e True [Show More]

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