Defense Acquisition University BCF130 Fundamentals of Cost Analysis Module 10-11 Exam

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BCF130 Fundamentals of Cost Analysis Module 10-11 Exam 1) The engineering or "bottom-up" method of cost analysis is the most detailed of all the techniques and the most costly to implement. It ref... lects a detailed build-up of labor, material and overhead costs. [Define the characteristics of a good engineering estimate.] True False 2) Which of the following are considered disadvantages of the Engineering Estimation Technique (select three)? [Recognize when engineering is an appropriation estimation to use.] It is time consuming. Small errors can grow into larger errors during the summation. Its unique application to the specific program and manufacturer. It can be expensive to implement. 3) The WBS is defined as a: [Recognize the DoD policy concerning Work Breakdown Structures.] Product-oriented family tree composed of hardware, software, services, data, and facilities. Contract-oriented family tree composed of hardware, software, services, data, and facilities. Program-oriented family tree composed of hardware, software, services, data, and facilities. Common-oriented family tree composed of hardware, software, services, data, and facilities. 4) The data used in the actuals costs technique is from the program being estimated. [Describe the characteristics of a good actual costs estimate.] False BCF130 Fundamentals of Cost Analysis Module 10-11 Exam True 5) The actual costs method is valid when the product design or manufacturing process has changed significantly. [Recognize when actual cost is an appropriate estimation method to use.] True False [Show More]

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