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ACQ2020 Midterm Practice 2026
Questions and Answers (100% Correct
Answers) Already Graded A+
PMs usually develop, in concert with the customer, minimally
acceptable performance levels, ceiling costs, and required
delivery dates: Known as? Ans: Trade Space
© 2026 Assignment
The importance of Key Performance Parameters (KPP) for
defense acquisition projects is that it defines the most critical
attributes that measures customer satisfaction of the overall
Guru01 - Stuvia
need. Ans: TRUE
Expert
The ______ is prepared during the Technology Maturation and
Risk Reduction (TMRR) acquisition phase and defines
measurable and testable capabilities to guide the Engineering
and Manufacturing Development (EMD) acquisition phase Ans:
CDD
A program can pass DT but fail OT Ans: TRUE
In most cases, validated ________ drive the early part of the
acquisition process Ans: ICDs
The role of System Engineering in a project is to monitor and
guide technical success Ans: TRUE
The Integrated Master Schedule is a means of organizing
system development activities based on the system and
product decomposition. Ans: FALSE
Risks are a measure of the future uncertainties in achieving
overall program performance goals and objectives. Ans: TRUE
, 2
Who is responsible for implementing effective risk
management within program constraints? Ans: Program
Manager
A _____________ is a central repository to describe and track
risks and to record actions approved by the Risk Management
Board Ans: Risk Register
The first thing that you must do with risk is to avoid it. Ans:
FALSE
© 2026 Assignment
Program risk identification is the responsibility of the
____________? Ans: Program Team
Guru01 - Stuvia
Expert
In exercising initiative, Government members of the
Acquisition Team may assume if a specific strategy, practice,
policy or procedure is in the best interests of the Government
and is not addressed in the FAR, nor prohibited by law (statute
or case law), Executive order or other regulation, that the
strategy, practice, policy or procedure is a permissible exercise
of authority Ans: TRUE
The Program Executive Officer is the only individual
authorized to legally bind the Government in contractual
obligations. Ans: FALSE
There are 2 primary contract types - Fixed Price and Cost
Reimbursement Ans: TRUE
This contract type is used when the risk of performance is low
(e.g., mature technology, proven processes, widely used
materials, etc.) Ans: Fixed Price
ACQ2020 Midterm Practice 2026
Questions and Answers (100% Correct
Answers) Already Graded A+
PMs usually develop, in concert with the customer, minimally
acceptable performance levels, ceiling costs, and required
delivery dates: Known as? Ans: Trade Space
© 2026 Assignment
The importance of Key Performance Parameters (KPP) for
defense acquisition projects is that it defines the most critical
attributes that measures customer satisfaction of the overall
Guru01 - Stuvia
need. Ans: TRUE
Expert
The ______ is prepared during the Technology Maturation and
Risk Reduction (TMRR) acquisition phase and defines
measurable and testable capabilities to guide the Engineering
and Manufacturing Development (EMD) acquisition phase Ans:
CDD
A program can pass DT but fail OT Ans: TRUE
In most cases, validated ________ drive the early part of the
acquisition process Ans: ICDs
The role of System Engineering in a project is to monitor and
guide technical success Ans: TRUE
The Integrated Master Schedule is a means of organizing
system development activities based on the system and
product decomposition. Ans: FALSE
Risks are a measure of the future uncertainties in achieving
overall program performance goals and objectives. Ans: TRUE
, 2
Who is responsible for implementing effective risk
management within program constraints? Ans: Program
Manager
A _____________ is a central repository to describe and track
risks and to record actions approved by the Risk Management
Board Ans: Risk Register
The first thing that you must do with risk is to avoid it. Ans:
FALSE
© 2026 Assignment
Program risk identification is the responsibility of the
____________? Ans: Program Team
Guru01 - Stuvia
Expert
In exercising initiative, Government members of the
Acquisition Team may assume if a specific strategy, practice,
policy or procedure is in the best interests of the Government
and is not addressed in the FAR, nor prohibited by law (statute
or case law), Executive order or other regulation, that the
strategy, practice, policy or procedure is a permissible exercise
of authority Ans: TRUE
The Program Executive Officer is the only individual
authorized to legally bind the Government in contractual
obligations. Ans: FALSE
There are 2 primary contract types - Fixed Price and Cost
Reimbursement Ans: TRUE
This contract type is used when the risk of performance is low
(e.g., mature technology, proven processes, widely used
materials, etc.) Ans: Fixed Price
