CDFM Defense Acquisition Process 4

Question 1

In the context of defense acquisition, what does 'full rate production' (FRP) mean?

Accepted Answer

Production at the planned rate following successful operational testing

Answer

Full Rate Production follows successful operational testing and evaluation (OT&E) and represents production at the program's planned annual rate.

Question 2

Which office is responsible for conducting operational test and evaluation (OT&E) for major defense acquisition programs?

Accepted Answer

Director, Operational Test and Evaluation (DOT&E)

Answer

DOT&E is the independent office responsible for overseeing and reporting on operational test and evaluation for ACAT I programs.

Question 3

Under FAR Part 15, what is the purpose of a 'debriefing' after a source selection?

Accepted Answer

To inform offerors of the basis for selection decision and relative strengths and weaknesses

Answer

Post-award debriefings provide unsuccessful offerors information about the evaluation of their proposal to improve future competition.

Question 4

What is the purpose of an Earned Value Management System (EVMS) in defense acquisition?

Accepted Answer

To integrate cost, schedule, and technical performance measurement for program management

Answer

EVMS integrates cost, schedule, and technical scope to provide objective measurement of program performance and forecast future performance.

Question 5

Which metric in Earned Value Management measures the efficiency with which a program is using its budget?

Accepted Answer

Cost Performance Index (CPI)

Answer

The Cost Performance Index (CPI) measures cost efficiency by dividing Earned Value (EV) by Actual Cost (AC); a CPI below 1.0 indicates cost overrun.

CDFM - Certified Defense Financial Manager Practice Test