ACQ 202 Module 4 Exam: Part II QUESTIONS AND ANSWERS | VERIFIED
What does it mean if a project has a Percent Spent of 90%, Percent Scheduled of
85% and Percent Complete of 95%? Correct Answer: The project is in good shape
and should early and within budget.
Your program is liable for payment on good and services received under a
contract. Your payment, based on a submitted invoice, for all or part of this
obligation is a(n) __________. Correct Answer: Expenditure
Which of the following is a valid reason for rebaselining the Performance
Measurement Baseline (PMB)? Correct Answer: The plan for completing the
remaining contract effort is no longer achievable.
Which of the following test items are determined by the Program Management
office that is developing a system? Correct Answer: Critical Technical Parameters
(CTPs).
With modeling and simulation, we model the system and then test the _________
to gather test predictions. Correct Answer: Model.
The following data is received from contractor: Budgeted Cost of Work Perform
(BCWP) = $300 Cost Performance Index (CPI) = 1.2 Budgeted Cost of Work
Scheduled (BCWS) = $400 Schedule Performance Index (SPI) = 0.75 Actual Cost
of Work Performed (ACWP) = $250 Budget at Completion (BAC) = $1,000
Contractor's Latest Revised Estimate = $1,000 Equation for Estimate at
Completion (EAC) Low = ACWP + ((BAC-BCWP)/(CPI)) Equation for EAC
High = ACWP+((BAC-BCWP)/(CPI*SPI) Which of the following represents the
most reasonable EAC range for these data based on EVM? Correct Answer: EAC
Low: $833 - EAC High: $1,028
What type of testing would be conducted to determine the effectiveness of the
manufacturing process? Correct Answer: Production Qualification Testing (PQT).
A(n) ________________ can be used for predicting program obligation
performance and funding requirements and identifying potential budget execution
problems. Correct Answer: Spending Plan
What does it mean if a project has a Percent Spent of 90%, Percent Scheduled of
85% and Percent Complete of 95%? Correct Answer: The project is in good shape
and should early and within budget.
Your program is liable for payment on good and services received under a
contract. Your payment, based on a submitted invoice, for all or part of this
obligation is a(n) __________. Correct Answer: Expenditure
Which of the following is a valid reason for rebaselining the Performance
Measurement Baseline (PMB)? Correct Answer: The plan for completing the
remaining contract effort is no longer achievable.
Which of the following test items are determined by the Program Management
office that is developing a system? Correct Answer: Critical Technical Parameters
(CTPs).
With modeling and simulation, we model the system and then test the _________
to gather test predictions. Correct Answer: Model.
The following data is received from contractor: Budgeted Cost of Work Perform
(BCWP) = $300 Cost Performance Index (CPI) = 1.2 Budgeted Cost of Work
Scheduled (BCWS) = $400 Schedule Performance Index (SPI) = 0.75 Actual Cost
of Work Performed (ACWP) = $250 Budget at Completion (BAC) = $1,000
Contractor's Latest Revised Estimate = $1,000 Equation for Estimate at
Completion (EAC) Low = ACWP + ((BAC-BCWP)/(CPI)) Equation for EAC
High = ACWP+((BAC-BCWP)/(CPI*SPI) Which of the following represents the
most reasonable EAC range for these data based on EVM? Correct Answer: EAC
Low: $833 - EAC High: $1,028
What type of testing would be conducted to determine the effectiveness of the
manufacturing process? Correct Answer: Production Qualification Testing (PQT).
A(n) ________________ can be used for predicting program obligation
performance and funding requirements and identifying potential budget execution
problems. Correct Answer: Spending Plan
