BCF 130 Fundamentals of Cost Analysis
Exam 1
Operating and Support Costs (O&S) (select two):
Are part of the Life Cycle Costs used to operate, maintain and support a fielded system
Include services associated with operating, modifying, maintaining, supplying, training, and supporting a system in the DoD
inventory
______________________________ is required to be performed on cost-reimbursement contracts to determine the probable
cost performance for each offer.
Cost realism analysis
During this step of the cost estimation process providing good directions and a clear trail to follow are essential in having an
estimate that can be replicated.
Documentation and Presentation
At each Milestone Decision review, the DoD Component must fully fund the program to the CCP in the current Future Years
Defense Program (FYDP) or commit to full funding of the cost position in the next FYDP upon certification by the Component
Acquisition Executive and the DoD Component Chief Financial Officer.
True
Assumptions represent a common set of agreed on estimating standards that provide guidance and minimize conflicts in
definitions.
False
Preparation of the Cost Analysis Requirements Description (CARD) is the responsibility of the Director of Cost Assessment
and Program Evaluation (DCAPE)
False
The time to develop cost estimates can range from a few hours for rough estimates to years for building complete detailed
"ground-up" cost estimates.
True
Which of the following should be considered when planning the formation of an estimate?
Service life
Expected operational use
Source of funding streams
A Cost Analysis Requirements Description (CARD) is required for all Acquisition Category (ACAT) programs.
False
_________________________________ consists of production, military construction, and deployment costs.
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, Investment
Which DoD policy document details the Milestone decision process, statutory and regulatory acquisition document
requirements, and acquisition management responsibilities?
DoD instruction 5000.02
Which of the following should be considered when planning the formation of an estimate?
Resources available to develop the estimate
Scope of Estimate
Timeline to develop the estimate
A ______________ follows a functional allocation of costs using categories which are then further stratified into sub-
categories.
Cost Element Structure
The OSD Director of Cost Assessment and Program Evaluation:
Is responsible for the independent cost estimate for ACAT II programs
A _______________ forms the basis of reporting structures used for reports placed on contract such as Cost and Software
Data Reporting (CSDR), Contract Performance Reports (CPR), and Contract Funds Status Reports (CFSR).
Cost Analysis Requirements Description (CARD)
Exam 2
You have collected the following cost data on 5 personnel shelters: $7800; $7750; $6999; $5850; and $4455. Based on this
information, you could say:
The median cost is $6999. Half the costs are above this value and half below.
____________________________ define the requirements for the equipment being estimated, based on physical and
performance attributes, such as length, width, weight, horsepower, and size.
Technical performance measures
Inflation and Price Escalation tables for Navy, Army, Marine Corps, and DoD-wide appropriations can be generated using the:
Joint Inflation Calculator
The magnitude of each outlier can be calculated the by taking the difference between the observation and the mean and
dividing by the standard deviation.
True
What are examples of a Secondary data source (select two)?
Cost studies
Research papers
When grouping data in recurring and non-recurring costs, which of the following is not a non-recurring cost?
Engineering required for redesign, modifications, reliability, maintainability, and associated evaluation
________ is any cost that can be identified specifically with a particular final cost objective.
Direct costs
There are many Cost and Software Data Reporting (CSDR) formats. Which of the following is one of those formats?
Software Resource Data Reports (SRDRs)
[Image Description: Xbar = $48.25K, Summation of (Xi - Xbar)2 =545.50] Given the information provided:
You want to make a statement about the variability in the costs of personnel shelters. After collecting sample data (cost in $K)
on 9 shelters you perform some preliminary calculations.
This study source was downloaded by 100000809669238 from CourseHero.com on 03-20-2022 10:52:22 GMT -05:00
https://www.coursehero.com/file/59843987/BCF-130-Fundamentals-of-Cost-Analysisdocx/
Exam 1
Operating and Support Costs (O&S) (select two):
Are part of the Life Cycle Costs used to operate, maintain and support a fielded system
Include services associated with operating, modifying, maintaining, supplying, training, and supporting a system in the DoD
inventory
______________________________ is required to be performed on cost-reimbursement contracts to determine the probable
cost performance for each offer.
Cost realism analysis
During this step of the cost estimation process providing good directions and a clear trail to follow are essential in having an
estimate that can be replicated.
Documentation and Presentation
At each Milestone Decision review, the DoD Component must fully fund the program to the CCP in the current Future Years
Defense Program (FYDP) or commit to full funding of the cost position in the next FYDP upon certification by the Component
Acquisition Executive and the DoD Component Chief Financial Officer.
True
Assumptions represent a common set of agreed on estimating standards that provide guidance and minimize conflicts in
definitions.
False
Preparation of the Cost Analysis Requirements Description (CARD) is the responsibility of the Director of Cost Assessment
and Program Evaluation (DCAPE)
False
The time to develop cost estimates can range from a few hours for rough estimates to years for building complete detailed
"ground-up" cost estimates.
True
Which of the following should be considered when planning the formation of an estimate?
Service life
Expected operational use
Source of funding streams
A Cost Analysis Requirements Description (CARD) is required for all Acquisition Category (ACAT) programs.
False
_________________________________ consists of production, military construction, and deployment costs.
This study source was downloaded by 100000809669238 from CourseHero.com on 03-20-2022 10:52:22 GMT -05:00
https://www.coursehero.com/file/59843987/BCF-130-Fundamentals-of-Cost-Analysisdocx/
, Investment
Which DoD policy document details the Milestone decision process, statutory and regulatory acquisition document
requirements, and acquisition management responsibilities?
DoD instruction 5000.02
Which of the following should be considered when planning the formation of an estimate?
Resources available to develop the estimate
Scope of Estimate
Timeline to develop the estimate
A ______________ follows a functional allocation of costs using categories which are then further stratified into sub-
categories.
Cost Element Structure
The OSD Director of Cost Assessment and Program Evaluation:
Is responsible for the independent cost estimate for ACAT II programs
A _______________ forms the basis of reporting structures used for reports placed on contract such as Cost and Software
Data Reporting (CSDR), Contract Performance Reports (CPR), and Contract Funds Status Reports (CFSR).
Cost Analysis Requirements Description (CARD)
Exam 2
You have collected the following cost data on 5 personnel shelters: $7800; $7750; $6999; $5850; and $4455. Based on this
information, you could say:
The median cost is $6999. Half the costs are above this value and half below.
____________________________ define the requirements for the equipment being estimated, based on physical and
performance attributes, such as length, width, weight, horsepower, and size.
Technical performance measures
Inflation and Price Escalation tables for Navy, Army, Marine Corps, and DoD-wide appropriations can be generated using the:
Joint Inflation Calculator
The magnitude of each outlier can be calculated the by taking the difference between the observation and the mean and
dividing by the standard deviation.
True
What are examples of a Secondary data source (select two)?
Cost studies
Research papers
When grouping data in recurring and non-recurring costs, which of the following is not a non-recurring cost?
Engineering required for redesign, modifications, reliability, maintainability, and associated evaluation
________ is any cost that can be identified specifically with a particular final cost objective.
Direct costs
There are many Cost and Software Data Reporting (CSDR) formats. Which of the following is one of those formats?
Software Resource Data Reports (SRDRs)
[Image Description: Xbar = $48.25K, Summation of (Xi - Xbar)2 =545.50] Given the information provided:
You want to make a statement about the variability in the costs of personnel shelters. After collecting sample data (cost in $K)
on 9 shelters you perform some preliminary calculations.
This study source was downloaded by 100000809669238 from CourseHero.com on 03-20-2022 10:52:22 GMT -05:00
https://www.coursehero.com/file/59843987/BCF-130-Fundamentals-of-Cost-Analysisdocx/
