1) The engineering or "bottom-up" method of cost analysis is the most detailed of all the
techniques and the most costly to implement. It reflects a detailed build-up of labor, material
and overhead costs.
10164096 2
True
False
2) Which of the following are considered advantages of a good actuals costs estimate (select
two)?
10164104 6
Obtaining access to actual costs can be difficult.
Actual costs data is typically the most accurate cost estimating method when the data is
available.
If we are part of the program office, we already know about the program history so we do
not have to spend as much time researching or finding data.
This method cannot be used until the program has generated enough data to see
performance and the production process stabilize.
3) Estimating by engineering is typically performed after which Milestone or assessment?
10164098 1
Milestone C
Initial Operational Capability
Milestone B
Milestone A
4) What may be a driver for underestimating the cost of the work elements?
10164102 1
Overestimate the number of design iterations
Overstatement of raw material and purchase part requirements
Overestimate of Research and Development effort
This study source was downloaded by 100000790716548 from CourseHero.com on 08-18-2022 16:44:40 GMT -05:00
https://www.coursehero.com/file/32513464/MOD-10-11-EXAMdocx/
techniques and the most costly to implement. It reflects a detailed build-up of labor, material
and overhead costs.
10164096 2
True
False
2) Which of the following are considered advantages of a good actuals costs estimate (select
two)?
10164104 6
Obtaining access to actual costs can be difficult.
Actual costs data is typically the most accurate cost estimating method when the data is
available.
If we are part of the program office, we already know about the program history so we do
not have to spend as much time researching or finding data.
This method cannot be used until the program has generated enough data to see
performance and the production process stabilize.
3) Estimating by engineering is typically performed after which Milestone or assessment?
10164098 1
Milestone C
Initial Operational Capability
Milestone B
Milestone A
4) What may be a driver for underestimating the cost of the work elements?
10164102 1
Overestimate the number of design iterations
Overstatement of raw material and purchase part requirements
Overestimate of Research and Development effort
This study source was downloaded by 100000790716548 from CourseHero.com on 08-18-2022 16:44:40 GMT -05:00
https://www.coursehero.com/file/32513464/MOD-10-11-EXAMdocx/
