CDFM Module 4 Exam, Certified Defense Financial Manager, 2026 – Exam Questions with Correct Verified Answers

CDFM Module 4 Exam questions with
correct answers
What |are |Joint |Acquisition |Programs? |- |VERIFIED |ANSWER✔✔-Joint |Acquisition |Programs |is |any
|acqusition |system, |subsystem, |component, |or |technology |program |with |astrategy |that |includes

|funding |by |more |than |one |DoD |component |during |any |phase |of |a |system's |life |cycle.




Who |decides |to |place |programs |under |joint |acquisition |management? |- |VERIFIED |ANSWER✔✔-The
|MDA |decides |whether |to |place |programs |under |joint |management |and |designates |the |lead |executive

|DoD |component.




What |law |requires |an |analysis |of |potential |opportunities |of |international |cooperation? |- |VERIFIED
|ANSWER✔✔-10 |USC |2350a(e) |requires |international |cooperation |consideration |in |the |initial

|aquisition |strategy |for |a |program.




When |international |programs |may |be |established |in |the |defense |acqusition |program |- |VERIFIED
|ANSWER✔✔-Decision |to |include |international |partners |needs |to |be |included |during |development |of

|the |initial |capabilities |document |but |no |early |than |the |material |and |solution |analysis |phase.




When |is |Earned |Value |Management |(EVM) |implemented |- |VERIFIED |ANSWER✔✔-EVM |is |part |of
|program |management |. |It |ensures |that |cost |, |schedule |and |technical |aspects |of |the |contract |are |truly

|integrated.




In |what |type |of |contracts |EVM |is |required |- |VERIFIED |ANSWER✔✔-EVM |is |required |on |Cost, |and/or
|Incentive |contracts |valued |at |greater |than |$20M.




What |is |EVM? |- |VERIFIED |ANSWER✔✔-Earned |Value |Management |is |a |tool |that

1. |Relates |the |scope |of |the |work |to |its |associated |budgets |and |schedule.

2. |Measures |the |work |progress |in |objective |terms

3. |States |that |value |of |the |work |completed |in |dollars |and |other |measurable |units.

,What |are |EVM |techniques? |- |VERIFIED |ANSWER✔✔-Correlate |the |budgeted |cost |of |worked |scheduled
|with |the |budget |cost |of |work |performed |(BCWP)



1. |0/100 |Earned |Value |Technique

2. |Percent |Start/Percent |Finish |EV |Technique |(50/50) |(25/75) |(80/20)

3. |Percent |Complete

4. |Units |Completed

5. |Equivalent |Units



Describe |the |Percent |Start/Percent |Finish |EV |Technique |- |VERIFIED |ANSWER✔✔-Is |an |objective
|earned |value |technique |tied |to |the |start |and |completion |of |a |work |package |task, |often |referred |to |%

|assigned |to |the |start |and |finish |milestone |such |as |(50/50...)



Thsi |technique |tends |to |overstate |performance |in |the |first |half |of |the |period |of |performance |and
|uderstate |performance |in |the |last |half.




What |is |the |most |important |step |in |EVM |system? |- |VERIFIED |ANSWER✔✔-Is |the |establishment |of |the
|Performance |Measurement |Baseline |(PMB)or |the |Budgeted |Cost |of |Work |Schedule |(BCWS)




What |is |the |PMB |in |and |EVM? |- |VERIFIED |ANSWER✔✔-The |PMB |includes |the |undistributed |budget,
|all |summary |level |planning |package |budgets, |and |all |control |account |budgets. |It |does |not |include

|management |reserve.




What |is |the |final |step |of |the |PMB? |- |VERIFIED |ANSWER✔✔-Is |to |classify |work, |to |allocate |the |budget
|and |to |time |phase |the |control |account |work |package |budgets. |This |last |phase |is |calculate |BWCS




How |do |we |classify |work |packages |in |EVM? |- |VERIFIED |ANSWER✔✔-in |3 |categories, |Discrete,
|apportioned |effort, |and |level |of |effort.




Describe |the |realignment |of |the |PMB |- |VERIFIED |ANSWER✔✔-Rebaselining, |Replanning, |and
|Reprogramming




What |is |Reprogramming? |- |VERIFIED |ANSWER✔✔-Reprogramming |is |a |comprehensive |realignment |of
|the |remaining |performance |measurement |baseline |that |results |in |a |total |budget |and/or |total

, |schedule |that |exceeds |the |contractual |requirements. |It |is |the |process |that |results |in |an |Over-Target
|Baseline |or |OTB |and |an |Over-Target |Schedule |OTS.




Schedule |Performance |Index |(SPI) |formula |- |VERIFIED |ANSWER✔✔-SPI=BCWP/BCWS



Estimate |at |Completion |(EAC) |formula |- |VERIFIED |ANSWER✔✔-EAC=ACWP+[(BAC-
BCWP)/(Performance |Factor)]



EAC |Compsite |formula |- |VERIFIED |ANSWER✔✔-ACWPcum+[(BAC-BCWPcum)/(CPIcum*SPIcum)]

Upper |Value |(worst |case)



EVM |Terminology |- |VERIFIED |ANSWER✔✔-EAC=Estimate |at |Completion

BAC=Budget |at |Completion(current)

BCWS=Budget |Cost |of |Work |Scheduled |(current)

BWCP=Budget |Cost |of |Work |Performed |(earned |value)

ACWP=Actual |Cost |of |Work |Performed



What |is |the |Contractor |Cost |and |Software |Data |Reporting |(CSDR) |- |VERIFIED |ANSWER✔✔-The |CSDR
|system |involves |two |formal |contractor |reports, |the |COntractor |Cost |Data |Report |(CCDR) |and |the

|Software |Resources |Data |Report |(SRDR)




What |is |Contract |Performance |Report |(CPR) |- |VERIFIED |ANSWER✔✔-The |PM |should |obtain |from |the
|contractor |a |CPR |(DD |form |2734) |on |all |contracts |the |meet |or |exceed |EVMS |dollar |thresholds |and

|require |EVMS |compliance. |The |CPR |provides |contract |cost |and |schedule |performance |for |program

|mangement.




What |is |Contract |Funds |Status |Report |(CFSR) |- |VERIFIED |ANSWER✔✔-(DD |1586) |has |no |specific
|application |thresholds |but |PMs |should |evaluate |contracts |of |less |than |$1.3M. |FFP |contracts |should

|not |apply |the |CFSR |unless |unusual |circumnstances |dictate |funding |visibility.




What |is |Government |Contract |Quality |Assurance |(GCQA) |- |VERIFIED |ANSWER✔✔-DCMA |Q&A
|personnel |conducts |quality |assurance |as |identified |in |contract |administration |delegations |by |the |KO.