Defense Acquisition University ​​​​​​​ BCF130 Fundamentals of Cost Analysis Modules 6-7 Exam

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BCF130 Fundamentals of Cost Analysis Modules 6-7 Exam 1) Which method uses regression or other statistical techniques to develop an equation between a cost element and one or more independent var... iables? [Recognize the purpose of various cost estimating techniques (analogy, engineering, parametric & actual costs).] Parametric Method Analogy Method Engineering Method 2) In cost estimating we use experts to (select two): [Explain the various ways that expert opinion can be used to inform cost estimation.] Estimated projected final cost Provide expectations with regard to technology, the market place, business base, etc. Quantify differences between similar items Independent Cost Estimate 3) When identifying cost drivers, the intention is to identify valid independent variables that will impact cost and not focus on how the cost driver impacts cost. [Identify cost drivers and recognize how to specify expected cost driver behaviors.] True Fals e 4) Time-Phasing is when the Cost Element Structure (CES) is tailored by breaking the costs of certain elements into lower-level detail. [Describe timephasing a cost estimate into Fiscal Years (FY).] [Remediation Accessed :N] True BCF130 Fundamentals of Cost Analysis Modules 6-7 Exam Fals e 5) A properly documented analogy estimate provides a good understanding of how the program description affects the estimate produced. [Define the characteristics of a good Analogy estimate.] Fals e True 6) During Analogy estimate formation, it is important to critically assess the outputs from the cost models, drawing conclusions about reasonableness and validity. [Recognize when the analogy is an appropriate estimation to use.] Fals e True 7) The Analogy estimating technique is a five-step process that begins with planning the breakout of the system for analogy estimating. In which step must you consider both complexity and productivity improvement factors? [Apply the procedures and techniques involved in developing a point estimate using Analogy.] [Remediation Accessed :N] Step 4 - Adjustment Factors Step 3 - Making Comparisons Step 2 - Selecting Similar Items Step 5 – Estimate Review 1) Time-Phasing is determining how much effort can be completed in each Fiscal Year (FY). [Describe time-phasing a cost estimate into Fiscal Years (FY).] True BCF130 Fundamentals of Cost Analysis Modules 6-7 Exam Fals e 2) The Analogy estimating technique is a five step process that begins with planning the breakout of the system for analogy estimating. In which step must you consider the form, fit, function and mission of items to be estimated? [Apply the procedures and techniques involved in developing a point estimate using Analogy.] Step 2 - Selecting Similar Items Step 3 - Making Comparisons Step 4 - Adjustment Factors Step 5 - Estimate Review [Show More]

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