CDFM Module 2|Complete AND Graded A+!!!!!

CDFM Module 2|Complete AND Graded A+!!!!! What law identifies the Chairman of the Joint Chiefs of Staff as the senior ranking member of the Armed Forces? The Goldwater-Nichols DoD Reorganization Act of 1986 The military operational chain of command runs from the President to whom? The SecDef to the Combatant Commanders The Chairman of the Joint Chiefs of Staff is the principal military advisor to which officials and/or organizations? The President, The National Security Council, and the SecDef Who serves as the Chairman of the National Security Council? The President Name the three major phases of the PPBE process that result in the DoD portion of the President's budget that is submitted to congress? PPB-Planning, Programming, Budget What is the name of the process used by DoD to determine the dollar amounts for programs to be submitted to Congress as part of the President's budget? PPBE process What is the title of the senior OSD official responsible for the planning phase of the PPBE process? Undersecretary of Defense-Policy What is the title of the senior OSD official responsible for issuing programing guidance? Director, Cost Assessment and Program Evaluation (CAPE) What is the title of the senior OSD official who is the principal advisor and assistant to the SECDEF for budget and fiscal matters? USDC/CFO (Under Secretary of Defense-Comptroller The Under Secretary of Defense (Acquisitions, Technology and Logistics) serves as the Chairman of what Board? DAB (Defense Acquisition Board) Assume today's date is 1 March 2014 and your organization knows about a new project or requirement that will require its initial funding in FY 2021, What is the first PPBE-related document in which you could identify resources for that requirement? POM What is the title of the final document of the planning phase? DPG-Defense Planning Guidance What is the title of the document prepared by the D, CAPE and USD(C) in the May to June time frame that provides guidance to Components for preparation of the POM and BES submissions? Integrated Program/Budget Review Guidance What is the name of the automates database that summarizes all forces, resources, and equipment associated with programs approved by the SECDEF? FYDP Future Years Defense Program What is the phase of the PPBE process in which programmatic decisions are translated into requested resources in an appropriations format? Budgeting (Budget Development) What is the name of the document prepared by the Joint Staff after its review of POMs submitted by the Military Departments that focuses on the balance and capabilities contained in those POMs? CPA Chairman's Program Assessment Near the end of the budget review process, the SECDEF and DEPSEC may conduct a review of Component major policy or budget issues that have not yet been resolved. Resolution of these issues may displace other programs within the fixed DoD topline. What is the name of this review? Issue Resolution Following a review of Component's budget submission and a potential budget hearing in the fall timeframe, the reviewing USD(C) budget analyst prepares a draft document that is submitted to the DEPSECDEF of SECDEF for a decision. Once signed by one of those senior officials, what is that document called? RMD-Resource Management Decision After all resource-related decisions have been made by the DEPSECDEF of SECDEF to determine the Defense portion of the President's Budget, the USD(C) posts final decisions into a database in the proper appropriation account format. What is the title of this database? CIS Comptroller Information System Advance Procurement is an exception to what funding policy? Full Funding Within what type document does Congress specify the number of fiscal years that an appropriation account remains current and available for new obligations? An appropriation bill (becomes a law when signed by president) There are two primary methods by which DoD obligates the vast majority of its appropriations. Name those two methods Contracts and MIPRs What is the term used for shifting funds between appropriations transfer What is the long-term financial goal of WCF? to break even A WCF has an officer (O-4) properly assigned to the organization and that officer is doing the work that would normally be performed by a GS-13. For managerial cost accounting purposes, is the "cost" of that officer's pay and benefits "charged" at the military O-4 rate or civilian GS-13 rate? Civilian GS-13 rate 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? 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? 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? Cost, Schedule, and Performance Risks What are the appropriations that may be used to fund acquisition programs? 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? 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? Base year dollars or Constant year dollars What cost structure does MIL-STD-881C represent? Work Breakdown Structure (WBS) What concept is based on the axiom that the best time to reduce cost is early in the process? Cost As an Independent Variable (CAIV) What cost estimating method is based on direct comparison with historical information of one similar system? Analogy Method Which cost estimating method is known as a statistic method or top-down method? Parametric Approach Which cost estimating method requires extensive knowledge of the product or process? Engineering Approach What are methods/steps in conducting the Delphi technique 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? 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? 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? Cost Variance What is a systematic approach to the problem of choosing the best method of allocating scarce resources to achieve a given objective? Economic Analysis Cost Savings, Cost Avoidance, and Productivity Improvements are examples of what type cost benefits? Quantifiable Benefits In regards to measures of central tendency, what is a mean? A mode? A median? Mean is the arithmetic average Mode is the most frequent Median is the middle of arrayed values What does correlation measure? Correlation measures the degree of relationship between two or more variables. For a perfect correlation to exist, what would be the coefficient? 1.0 When evaluating a proposed investment or project with costs and benefits occurring not only in the current year but also future years, it is necessary to bring back to todays dollars all those costs and benefits. What is the process determining?