CDFM Module 2 with Complete Solutions

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What law identifies the Chairman of the Joint Chiefs of Staff as the senior ranking member of the Armed forces? - ANSWER The Goldwater-Nichols DoD Reorganization Act of 1986 The military operationa... l chain of command runs from the president to whom? - ANSWER The Secretary of Defense to the Combatant Commanders The Chairman of the Joint Chiefs of Staff is the principal military advisor to which officials and/or organizations? - ANSWER The President, the National security council, and the Secretary of Defense Who serves as the Chairman of the National Security Council? - ANSWER 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? - ANSWER Planning, Programming, and Budgeting What is the title of the senior OSD official responsible for the planning phase of the PPBE process? - ANSWER Undersecretary of Defense (Policy) What is the title of the senior OSD official responsible for issuing programming guidance? - ANSWER Director, Cost Assessment and Program Evaluation (D,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? - ANSWER Under Secretary of Defense (Comptroller)/Chief Financial Officer The Under Secretary of Defense (Acquisition, Technology, & Logistics) serves as the Chairman of what Board? - ANSWER Defense Acquisition Board (DAB) - old term but still need to know Assume today's date is 1 March 2017 and your organization knows about a new project or requirement that will require its initial funding in FY 2024. What is the first PPBE-related document in which you could identify resources for that requirement? - ANSWER POM 2020-2024 (Could put BES but not correct - understand why) What is the title of the final document of the planning phase? - ANSWER Defense Planning Guidance (DPG) What is the name of the automated database that summarizes all forces, resources, and equipment associated with programs approved by the SECDEF? - ANSWER Future Years Defense Program (FYDP) What is the phase of the PPBE process in which programmatic decisions are translated into requested resources in an appropriations format? - ANSWER 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? (The document provides the SECDEF with the JCS evaluation of the Military Departments POM submissions) - ANSWER Chairman's Program Assessment (CPA) (Chairman, JCS) Following a review of a components 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 or SECDEF for a decision. Once signed by one of those senior officials, what is that document called? - ANSWER Resource Management Decision Advance procurement is an exception to what funding policy? - ANSWER 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? - ANSWER An appropriation bill (becomes a law when signed by the President. Assume an agency has issued an economy act order to another federal agency for specific services the cited appropriation has gone into an expired status, and the servicing agency has neither provided the ordered services nor has entered into an authorized contract with another entity to provide the ordered services. What must now be done with the obligated funds? - ANSWER De-obligate What is the term used for shifting funds between appropriations? - ANSWER Transfer action What is the long-term financial goal of a working capital fund? - ANSWER To break even A working capital fund 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 the civilian GS-13 rate? - ANSWER Civilian GS-13 rate (and the proper MILPER account is reimbursed for that amount) Assume your organization overpaid a contractor on a contract awarded with an appropriation that is now in the cancelled status, and the contractor has sent in a check for that overpayment. What can your organization do with that refund from the contractor? - ANSWER Credit the refund to miscellaneous receipts of the US 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 What is the title of the individual in OSD who has overall responsibility for PLANNING (in the PPBE phase)? - ANSWER USD (Policy) What is the title of the individual in OSD who has overall responsibility for PROGRAMMING (in the PPBE phase)? - ANSWER D, Cost Assessment and Program Evaluation (D,CAPE) What is the title of the individual in OSD who has overall responsibility for BUDGETING (in the PPBE phase)? - ANSWER USD Comptroller Assuming today is 2 Apr 2018, which fiscal year of O&M is being executed? - ANSWER FY 2018 Assuming today is 2 Apr 2018, which fiscal year of the President's budget is being reviewed by Congress for the purposes of enacting appropriations bills? - ANSWER FY 2019 Unless otherwise approved by Congress, when does the president submit that fiscal year budget to Congress? - ANSWER Not later than the first Monday in February of the year prior (Feb 2018 for FY 2019) Assuming today is 2 Apr 2018, which fiscal year(s) Program Objective Memorandum (POM) is the service HQ's starting to prepare? - ANSWER POM FY 2020-2024 When the Department submits the POM to OSD, which OSD organization will have the lead to review/analyze that submission? - ANSWER D, CAPE Assuming today is 2 Apr 2018, which fiscal year(s) Budget Estimate Submission (BES) is the service HQ's starting to prepare? - ANSWER BES FY 2020 (1st year of the POM) When the Department submits that BES to OSD, which OSD organization will have the lead to review/analyze that submission? - ANSWER USD, Comptroller Will another high level organization be involved with that review/analysis process? - ANSWER Yes, OMB What is the title of the documentation form OSD that will inform the results of the review/analysis of the POM and BES submitted by all Military Departments? - ANSWER Resource Management Decision The Defense Acquisition 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 an acquisition program? - ANSWER RDT&E, Procurement, O&M, MILCON and MILPERS 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 is the term used to describe dollars used for programming and budgeting purposes wherein the effects of inflation are considered? - ANSWER Then-year dollars or Current year dollars What cost structure does MIL-STD-881D represent? - ANSWER Work Breakdown Structure (WBS) 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 statistical 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 the 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 decrease at a fixed rate? - ANSWER Learning Curve Theory What is the name of the integrated management tool intended to relate contractor actual performance on a contract to the contractor's planned cost and schedule that measures the work progress in objective terms and that states the value of the work completed in dollars? - ANSWER Earned Value Management System (EVMS) 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 What is a systematic approach to the problem of choosing the best method of allocating scarce resources to achieve a given objective? - ANSWER Economic Analysis In regards to measures of central tendency, what is a mean? A mode? A median? - ANSWER Mean is the arithmetic average; Mode is the most frequent score in a distribution of scores; Median is the middle of arrayed values What is a systematic approach to the problem of choosing the bet method of allocating scarce resources to achieve a given objective? - ANSWER Economic Analysis Cost savings, cost avoidance, and Productivity improvements are examples of what type of cost benefits? - ANSWER Quantifiable Benefits What does correlation measure? - ANSWER It measures the degree of relationship between 2 or more variables For a perfect correlation to exist, what would be the coefficient? - ANSWER 1 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 today's dollars" all those costs and benefits. What is this process determining? - ANSWER Net Present Value of the proposed investment or project What is a radical redesign of key business processes that involves examination of the fundamental process itself? - ANSWER Business process reengineering (also called Business process innovation) To be successful, a BPR team should included individuals possessing what competencies and experiences? - ANSWER A member who does not know the process being reviewed; a member who knows the process being reviewed very well; Customers of the process being reviewed; at least a member from organizations that would be impacted by a change; at least one technology guru; One or two of the "best and brightest" individuals of the organization; at least one member from outside the organization; and at least a senior person of the organization considering a change in the process (to provide support of the effort)- probably not an active member of the team." What is the suggested maximum number of participants on a reengineering team? - ANSWER 10 What is the process of measuring and comparing one's performance against "best-in-class" organizations and then adapting the best practices of those organizations to improve one's own performance? - ANSWER Benchmarking What law or regulation has as its goal the improvement of federal program effectiveness and public accountability by promoting a focus on results, service quality, and customer satisfaction? - ANSWER Government Performance and Results Act (GPRA) In federal agencies, how often must strategic plans required under the GPRA Modernization Act of 2010 be updated? - ANSWER Every 4 years Federal agencies are required to submit to OMB and Congress several financial-related reports on an annual basis. If the agency chooses to submit a consolidated report to satisfy that requirement, it is called the Performance and Accountability Report (PAR). Alternatively, the agency may submit separate financial reports. What report or report has DoD chosen to submit to satisfy the requirement? - ANSWER Agency Financial Report; Annual Performance Report; Summary of Performance and Financial Information What is the term for anything produced by an organization that can be tabulated, calculated, or recorded and can be expressed in a quantitative or qualitative measure? - ANSWER Output or Output measures What is the term for an assessment of the manner and extent to which a program activity has achieved its intended objectives? - ANSWER Outcome or Outcome measures What is the name of the process in which the intent is to shift functions and responsibilities, in whole or in part, from the Government to the private sector? - ANSWER Privatization What is the name of the process in which a government entity remains fully responsible for the provision of affected services and maintains control over management decisions, while another entity operates the function or performs the service? - ANSWER Outsourcing There are certain situations in which a DoD organization may retain funds that it received from sources other than its normal appropriations or from providing reimbursable activities rather than sending those funds to the US treasury as Miscellaneous Receipts; What must exist in order for the organization to retain such funds? - ANSWER Federal level legal authority (otherwise these funds must be sent to US Treasury) What is the mission of the DoD? - ANSWER To provide lethal joint force to defend the security of our country and sustain=in American influence abroad. Who do the 3 military departments , 19 Defense agencies, and numerous field activities report to? - ANSWER The Secretary of Defense. [Show More]

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