CDFM Performance Management and Metrics 2

Question 1

What is the primary tool DoD uses to track program cost, schedule, and technical performance on major defense acquisition programs?

Accepted Answer

Earned Value Management (EVM)

Answer

Cost-Benefit Analysis (CBA)

Answer

Return on Investment (ROI) Analysis

Answer

Zero-Based Budgeting (ZBB)

Question 2

In Earned Value Management, what does a negative Cost Variance (CV) indicate?

Accepted Answer

The program is over budget relative to work accomplished

Answer

The program is under budget

Answer

The program is ahead of schedule

Answer

The program has exceeded its performance baseline

Question 3

What is a 'key performance parameter' (KPP) in DoD acquisition and performance management?

Accepted Answer

A mandatory threshold that a system must meet; failure to meet it triggers program review or restructuring

Answer

A target cost for a defense acquisition program

Answer

A benchmark comparing DoD performance to private sector standards

Answer

A metric used only during initial operating capability testing

Question 4

Under the Planning, Programming, Budgeting, and Execution (PPBE) process, what phase focuses on assessing program execution against planned performance?

Accepted Answer

Execution

Answer

Planning

Answer

Programming

Answer

Budgeting

Question 5

What is the purpose of a 'Program Budget Decision' (PBD) issued by OSD during the PPBE process?

Accepted Answer

To direct specific funding adjustments to military department budgets during the budgeting phase

Answer

To authorize reprogramming of funds mid-year

Answer

To approve new acquisition programs above ACAT I threshold

Answer

To certify the DoD financial statements for audit

Question 6

What does the Schedule Performance Index (SPI) measure in Earned Value Management?

Accepted Answer

The ratio of earned value to planned value, indicating schedule efficiency

Answer

The ratio of planned cost to actual cost

Answer

The number of milestones completed versus planned

Answer

The percentage of contract options exercised on time