ACQ 2020 EXAM QUESTIONS AND
ANSWERS ALL CORRECT
The Air Force is in process of completing development on an upgrade to an existing
fighter aircraft that will improve survivability and reliability. The contractor has provided
the Government with detailed technical drawings and associated costs of the parts,
materials, and labor required to produce the system. What cost estimating technique
would the Air Force most likely use to prepare their budget estimate for the upgrade? -
Answer- - (Wrong) Actual Cost
- (Wrong) Analogy
The best time to reduce life cycle cost is _____ in the life cycle process. ______ can be
applied throughout the life cycle to achieve an affordable and effective system. Which
combination below provides the CORRECT response for the blanks above? - Answer-
Early / Affordability and Should Cost
When comparing two alternative concepts, you discover that both will provide the
needed capabilities. Alternative 1 requires new development that will take 7 years and
will cost more than the other alternative. Alternative 2 can be developed in 4 years
relying on proven Joint Capabilities Technology Demonstration (JCTD) technology.
Based on the information provided here, which is the better alternative? - Answer-
alternative 2
The ________ compares alternatives by estimating their ability to satisfy the identified
capability need through an effectiveness analysis and by estimating their life cycle costs
through cost analysis - Answer- Analysis of Alternatives
The largest amount of software life cycle cost comes during the design and
development - Answer- False
Affordability and Should Cost means - Answer- Performance and schedule tradeoffs will
be made to achieve cost objectives
The __ refers to the cost of procuring prime missions equipment - Answer- Flyaway
Cost
The largest amount of cost of a system is related to its operations and support -
Answer- True
ANSWERS ALL CORRECT
The Air Force is in process of completing development on an upgrade to an existing
fighter aircraft that will improve survivability and reliability. The contractor has provided
the Government with detailed technical drawings and associated costs of the parts,
materials, and labor required to produce the system. What cost estimating technique
would the Air Force most likely use to prepare their budget estimate for the upgrade? -
Answer- - (Wrong) Actual Cost
- (Wrong) Analogy
The best time to reduce life cycle cost is _____ in the life cycle process. ______ can be
applied throughout the life cycle to achieve an affordable and effective system. Which
combination below provides the CORRECT response for the blanks above? - Answer-
Early / Affordability and Should Cost
When comparing two alternative concepts, you discover that both will provide the
needed capabilities. Alternative 1 requires new development that will take 7 years and
will cost more than the other alternative. Alternative 2 can be developed in 4 years
relying on proven Joint Capabilities Technology Demonstration (JCTD) technology.
Based on the information provided here, which is the better alternative? - Answer-
alternative 2
The ________ compares alternatives by estimating their ability to satisfy the identified
capability need through an effectiveness analysis and by estimating their life cycle costs
through cost analysis - Answer- Analysis of Alternatives
The largest amount of software life cycle cost comes during the design and
development - Answer- False
Affordability and Should Cost means - Answer- Performance and schedule tradeoffs will
be made to achieve cost objectives
The __ refers to the cost of procuring prime missions equipment - Answer- Flyaway
Cost
The largest amount of cost of a system is related to its operations and support -
Answer- True
