1) True or False Exit criteria are calendar-driven and required only for Milestone B True False 2) A

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1) True or False Exit criteria are calendar-driven and required only for Milestone B

True

False

2) A(n) ______________________ can be used for predicting program obligation performance and funding requirements and identifying potential budget execution problems

Progress Payment

Acquisition Plan

Spending Plan

Commitment Plan

3) With modeling and simulation, we model the system and then test the ______________ to gather test predictions

Software

Model

Subsystems

System

4) To minimize current and future funding risks, Program Management Offices use __________________ to project and track obligations and expenditures

Spending Plans

Life Cycle Sustainment Plans

Fielding Plans

Acquisition Plans

5) With earned value management (EVM), the Government can determine if a program is currently experiencing a/n __________________

Bloated inventories

Adequate return on investment

Cost or schedule variance

Acceptable profit margin

6) Which of the following is FALSE about Measures of Effectiveness (MOEs)?

They indicate whether a system meets established mission performance requirements

They must be specific and objective

They are developed by the service developmental test agency

They are used in operational test and evaluation

7) An operational test agency is responsible for the establishment of Critical Operational Issues (COIs)

True

False

8) The following data is received from your contractor: Budgeted Cost of Work Performed (BCWP) = $200 Cost Performance Index (CPI) = 08 Budgeted Cost of Work Scheduled (BCWS) = $300 Schedule Performance Index (SPI) = 066 Actual Cost of Work Performed (ACWP) = $250 Budget at Completion (BAC) = $800 Contractor’s Latest Revised Estimate = $900 Equation for Estimate at Completion (EAC) Low = ACWP+((BAC-BCWP)/(CPI)) Equation for EAC High = ACWP+((BAC-BCWP)/(CPI*SPI)) Which of the following represents the most reasonable EAC range for these data based on Earned Value Management (EVM)?

EAC Low: -$1,000 – EAC High: $1,500

EAC Low: $900 – EAC High: $1,375

EAC Low: $900 – EAC High: $1,500

EAC Low: $1,000 – EAC High: $1,386

9) What type of test would normally be conducted on actual production items to make sure they comply with the requirements specified in the contract?

Live Fire Test and Evaluation

Initial Operational Test and Evaluation

Production Acceptance Testing and Evaluation (PAT&E)

Production Qualification Testing (PQT)

10) The independent operational test and evaluation agency is responsible for the establishment of Critical Technical Parameters (CTPs)

True

False

11) What is your assessment about a program with a Cost Performance Index (CPI) of 065?

The project is performing efficiently in regard to cost

The project is costing more than expected, and the contractor may need additional funds

The project is ahead of schedule, but we will need additional funds

The project is only 65% complete this point in time

12) The following data is received from your contractor on a key component of the project: Budgeted Cost of Work Performed (BCWP) = $300 Budgeted Cost of Work Scheduled (BCWS) = $200 Actual Cost of Work Performed (ACWP) = $500 Which of the following Earned Value Management (EVM) metrics can be determined from these data?

CV = – $200 and SV = $100

CPI = 167 and SPI = 067

Cost Variance (CV) = $200 and Schedule Variance (SV) = – $100

%Spent = 66% and %Complete = 50%

13) Your program is liable for payment on goods and services received under a contract Your payment, based on a submitted invoice, for all or part of this obligation is a(n) ____________

Commitment

Legal reservation of funds

Expenditure

Obligation

14) Select a primary weapon system function tested during Live Fire Test and Evaluation

Accuracy

Maintainability

Survivability

Reliability

15) Exit criteria are the same for all acquisition programs throughout DoD

True

False

16) Which of the following statements is NOT true regarding the requirements and objectives associated with an Integrated Baseline Review (IBR)?

The IBR assesses the validity of the Performance Measurement Baseline (PMB) and the Integrated Master Schedule (IMS)

The IBR is conducted exclusively by the Government and contractor business management staff and technical staff are rarely included

Subsequent IBRs may be required whenever an established Performance Measurement Baseline (PMB) is unachievable and a new PMB is required

Participants in an IBR typically include the Government PM and technical staff, along with the related contractor’s staff

The IBR identifies the risks associated with executing to the current Performance Measurement Baseline and integrated master schedule

17) As individual hardware and software components are aggregated to form subsystems or systems, _____________________ is used assess their compatibility

Integration Testing

Supportability Testing

Environmental Testing

Component Testing

18) An over-target baseline (OTB) is a comprehensive rebaselining effort that is best categorized as an internal replanning effort

True

False