Q6. If BCWP = $600, BCWS = $500, and ACWP = $900, what is the cost performance i
ID: 384927 • Letter: Q
Question
Q6. If BCWP = $600, BCWS = $500, and ACWP = $900, what is the cost performance index?
a. 0.67
b. 0.87
c. 1.00
d. 1.33
Q7. An Initial Capability Document should:
a. define in detail the most significant mission items facing an agency or enterprise
b. describe in one sentence the principal objectives of a major program
c. provide the baseline for establishing a project schedule
d. identify a capability shortfall in an agency or enterprise
Q8. Programs have a number of distinguishing features, including:
a. they are predominantly governed by fixed price contracts
b. they exclude operations and maintenance from their life cycle
c. they are comprised of multiple projects
d. they are usually smaller than projects
Q9. The practice of program management, which initially emerged in the government sector, is inappropriate for private sector undertakings.
a. true
b. false
Q10. Current thinking on acquisition management holds that major systems should be developed using aphased development approach. Why?
a. It leads to state of the art solutions
b. It enables developers to move from the concept phase to the production phase directly
c. It reduces development risk by building a solution one step at a time
d. It enables the program to move forward in synch with developments in the program life cycle
Q11. The fishbowl effect in program management refers to:
a. the tendency of programs to be carried out in confined spaces
b. the tendency of program staff to experience group think
c. the attractiveness of being a big fish in a small pond rather than a little fish in a big one
d. the high level of visibility programs encounter
Q12. The primary function of a change control board (CCB) in configuration management is to:
a. specify the nature of changes that should be included in the project
b. to initiate changes when the need for adjustment arises
c. to examine change requests principally from a technical perspective
d. to review change requests from a management perspective (e.g., impact of change on budgets, schedules, specifications)
Q13. The principal function of project sponsors is:
a. to pay the bills
b. to run the projects
c. to employ their clout to make sure projects get the support they need
d. to oversee the contractual dimension of the project effort
Q14. A big concern of major programs is systems integration. At the heart of systems integration is:
a. testing components to make sure they function properly together
b. making sure the program budget and schedule are in synch with each other
c. making sure the development of the system is in accord with good civil engineering practices
d. complying with government regulations
Q15. Under normal conditions, if quoted cost to do a job is $300,000, and a fee is negotiated to be $20,000, the ultimately fee paid on a CPFF contract is:
a. $20,000 regardless of what costs turn out to be
b. More than $20,000 if the contractor can do the job for less than the $300,000 estimated cost
c. Less than $20,000 if the contractor exceeds the budget
d. More than $20,000 if the contractor delivers results before the scheduled delivery date
Q16. If BCWP = $600, BCWS = $500, and ACWP = $900, and the overall project budget is $10,000, what is EAC?
a. $9,666
b. $10,000
c. $13,333
d. $15,000
Q17. Because major programs are comprised of multiple projects, a major challenge they invariably encounter is:
a. cost overruns
b. communicating across players on the different projects
c. schedule slippages
d. reimbursing subcontractors for their efforts in a timely fashion
Q18. Management Reserves are funds set aside to:
a. cover contingencies identified at the outset of the project
b. help cover the costs of management errors
c. assist in the rebaselining of project budgets
d. to deal with the total surprises (the unk-unks) that arise on programs
Q19. Acceptable quality levels (AQLs) reflect:
a. a consensus among project team members that the job they have done is good enough
b. minimum performance standards that must be achieved on a performance-based contract
c. a poor perspective on quality, since project team members should strive to achieve highest quality levels
d. the results of a sampling of products that have been delivered to the customer
Q20. The accuracy of resource estimates is usually poorer for long-term estimates than short-term estimates.
a. true
b. false
Q21. The post-award phase of contracting includes:
a. negotiating terms and conditions
b. doing the job
c. negotiating price
d. issuing the solicitation
Q22. What is a passback?
a. OMB feedback on an agency's budget submission
b. a recalculation of a program budget after it has been rebaselined
c. Congressional guidance on how an agency's budget should look
d. an adjustment to a program's schedule after it has been rebaselined
Q23. As programs get larger, the need for formalization of management processes increases.
a. true
b. false
Q24. 26. The principal function of business analysts on projects is:
a. to make a strong business case for the project
b. to bridge the business-technology gap when formulating requirements
c. to analyze market conditions so that he project can focus its attention on delivering products that meet a market need
d. play the lead role in tracking project finances
Q25. A salient characteristic of invitation for bids (IFBs) is:
a. only high quality performers are invited to participate in the bid
b. the ultimate terms and conditions incorporated into the contract are determined through extensive negotiations
c. the bids are sealed bids, opened publicly at one time
d. they only quote a price for deliverables without describing what work will be done
Q26. Common practice holds that both hardware and software projects are classified as 'major' programs if they have budgets greater than $100 million.
a. true
b. false
Q27. Current good practice in assessing the capabilities of teams and organizations contains a strong element of self-assessment.
a. true
b. false
Q28. If BCWP = $600, BCWS = $500, and ACWP = $900, what is schedule variance?
a. -$300
b. -$100
c. $100
d. $300
Q29. On well-managed programs, the operations and maintenance phase of the program life cycle usually:
a. is a large portion of the total effort
b. is a small portion of the total effort
c. entails heavy design work
d. entails heavy development work
Q30. On major programs, it makes sense for both buyer and contractor to maintain CCBs.
a. true
b. false
Q31. A contract WBS is:
a. a task-oriented family tree that specifies the work that the project team is supposed to carry out.
b. a WBS that defines all aspects of the program as covered in the contract
c. a WBS that encompasses and entire program
d. a document that identifies who is responsible for what work
Q32. What is the title of a US government document that has had an important impact on how major systems are managed?
a. OMB Circular A-11
b. OMB Circular A-34
c. OMB Circular A-76
d. OMB Circular A-45
Q33. In EVMS, the term surveillance refers to:
a. a careful tracking of budget and schedule performance
b. a process of validating a contractor's compliance with EVMS requirements
c. an audit carried out to assure that a contractor is honest in its claims for reimbursement for expenses incurred
d. a review of the adequacy of security at a contractor's facilities
Q34. Programs tend to be complex. Detail complexity, in particular, is commonly encountered and is a consequence of:
a. the large scale of program efforts
b. having to deal with regulations
c. the tendency of managers to micromanage work efforts
d. the difficulty of the work that needs to be done
Q35. The lowest level of the WBS for which organizational responsibility can be assigned is the:
a. work package
b. control account
c. C/SSR
d. code of accounts
Q36. CPRs (Cost Performance Reports) should be used to report integrated cost and schedule status for small projects.
a. true
b. false
Q37. With performance based contracting:
a. buyers specify their requirements in detail
b. buyers should specify what they require, while contractors determine how to achieve the requirements
c. team members have their productivity continually assessed, and their salaries are tied to their productivity levels
d. the contracted should generally be structured as a cost reimbursable effort
Q38. An important source of discontinuity on major programs is budgetary instability.
a. true
b. false
Q39. The most significant function OMB performs is:
a. to issue regulations
b. to initiate major programs
c. to make sure Executive branch agency initiatives are in harmony with the President's priorities
d. to serve as the principal watchdog agency, making sure that Congress allocates funds wisely
Q40. Current thinking in acquisition management holds that buyers should have contractors customize products as much as possible in order to address their specific, unique needs.
a. true
b. false
Explanation / Answer
6 Formula for CPI=BCWP/ACWP
=600/900
=0.66
Option A is correct
7 Option D is correct.
ICD is the capability document which is prepared to describe the capability gap which comes from Joint Capability and Integration Development System (JCIDS) analysis process
8c is correct
Programs are comprised of multiple projects. This is the difference between the programs and projects.
9 True
Changes in goverment sector are very slow as compared to private sector. That is why government sector program managements are not up to date. So those are inappropriate for private sector.
As per Chegg policy I can answer only first four questions. I will feel glad to answer your other questions if asked separately.
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