CDFM MODULE 2 EXAM SCRIPT 2026 TEST
PAPER QUESTIONS AND SOLUTIONS GRADED
A+
◉ Assume your organization overpaid a ctr on a contract awarded
with an appropriation that is now in the cancelled status, and the ctr
has sent in a check for that overpayment. What can your
organization do with that refund from the ctr? Answer: Credit the
refund to misc. receipts of the U.S. treasury
◉ Monies not appropriated by Congress that are generated
primarily from the sale of goods and services are known as what?
Answer: Non-appropriated Funds
◉ The Defense Acquisitions System is the management process that
guides DoD acquisition programs and is basically the process by
which programmatic risk is managed. What are the three
programmatic risks that must be successfully managed? Answer:
Cost, Schedule, and Performance Risks
◉ What are the appropriations that may be used to fund acquisition
programs? Answer: RDT&E, Procurement, O&M, MILCON, and
MILPERS
,◉ What is the acquisition approach that delivers capability to the
warfighter in a set of increments spread over time with a known
desired end-state capability-rather than in a single effort, because
technology is not yet available to provide that end-state capability?
Answer: Evolutionary Aquisition
◉ What is the term used to describe dollars shown in the life-cycle
cost estimate wherein the effects of inflation are not considered?
Answer: Base year dollars or Constant year dollars
◉ What cost structure does MIL-STD-881C represent? Answer:
Work Breakdown Structure (WBS)
◉ What concept is based on the axiom that the best time to reduce
cost is early in the process? Answer: Cost As an Independent
Variable (CAIV)
◉ What cost estimating method is based on direct comparison with
historical information of one similar system? Answer: Analogy
Method
◉ Which cost estimating method is known as a statistic method or
top-down method? Answer: Parametric Approach
, ◉ Which cost estimating method requires extensive knowledge of
the product or process? Answer: Engineering Approach
◉ What are methods/steps in conducting the Delphi technique
Answer: Query expert opinion
Seek supporting rationale or information from each expert
Summarize results
Gather second opinion
Continue iteration until consensus or near consensus is reached
◉ What is the theory that as the quantity of output doubles, the
man-hours required to produce the quantity decreases at the fixed
rate? Answer: Learning Curve Theory
◉ What is the name of the integrated management tool intended to
relate ctr actual performance on a contract ot the ctr's planned cost
and schedule, that measure the work progress in objective terms
and that states the value of the work completed in dollars? Answer:
EVMS-Earned Value Management System
◉ What is the EVM-related term when there is a difference between
budgeted cost of work performed (BCWP) and actual cost of work
performed (ACWP) on a cost reimbursable contract? Answer: Cost
Variance
PAPER QUESTIONS AND SOLUTIONS GRADED
A+
◉ Assume your organization overpaid a ctr on a contract awarded
with an appropriation that is now in the cancelled status, and the ctr
has sent in a check for that overpayment. What can your
organization do with that refund from the ctr? Answer: Credit the
refund to misc. receipts of the U.S. treasury
◉ Monies not appropriated by Congress that are generated
primarily from the sale of goods and services are known as what?
Answer: Non-appropriated Funds
◉ The Defense Acquisitions System is the management process that
guides DoD acquisition programs and is basically the process by
which programmatic risk is managed. What are the three
programmatic risks that must be successfully managed? Answer:
Cost, Schedule, and Performance Risks
◉ What are the appropriations that may be used to fund acquisition
programs? Answer: RDT&E, Procurement, O&M, MILCON, and
MILPERS
,◉ What is the acquisition approach that delivers capability to the
warfighter in a set of increments spread over time with a known
desired end-state capability-rather than in a single effort, because
technology is not yet available to provide that end-state capability?
Answer: Evolutionary Aquisition
◉ What is the term used to describe dollars shown in the life-cycle
cost estimate wherein the effects of inflation are not considered?
Answer: Base year dollars or Constant year dollars
◉ What cost structure does MIL-STD-881C represent? Answer:
Work Breakdown Structure (WBS)
◉ What concept is based on the axiom that the best time to reduce
cost is early in the process? Answer: Cost As an Independent
Variable (CAIV)
◉ What cost estimating method is based on direct comparison with
historical information of one similar system? Answer: Analogy
Method
◉ Which cost estimating method is known as a statistic method or
top-down method? Answer: Parametric Approach
, ◉ Which cost estimating method requires extensive knowledge of
the product or process? Answer: Engineering Approach
◉ What are methods/steps in conducting the Delphi technique
Answer: Query expert opinion
Seek supporting rationale or information from each expert
Summarize results
Gather second opinion
Continue iteration until consensus or near consensus is reached
◉ What is the theory that as the quantity of output doubles, the
man-hours required to produce the quantity decreases at the fixed
rate? Answer: Learning Curve Theory
◉ What is the name of the integrated management tool intended to
relate ctr actual performance on a contract ot the ctr's planned cost
and schedule, that measure the work progress in objective terms
and that states the value of the work completed in dollars? Answer:
EVMS-Earned Value Management System
◉ What is the EVM-related term when there is a difference between
budgeted cost of work performed (BCWP) and actual cost of work
performed (ACWP) on a cost reimbursable contract? Answer: Cost
Variance
