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(CDFM) Certified Defense Financial Manager
Free CDFM Budget and Cost Analysis Questions and Answers
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What is the primary goal of the Program Budget Review (PBR) process in the Department of Defense?
To assess the performance of defense programs against their objectives
To identify cost savings and efficiencies within defense programs
To ensure alignment of budget proposals with strategic priorities
To all allocate alignment of budget proposals with strategic
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Which of the following is a key component of the Life Cycle Cost (LCC) estimate in defense budgeting?
Initial procurement cost only
Maintenance and operations costs only
Development, procurement , operations, maintenance, and disposal costs.
Disposal costs only
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Wrong!
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What is the primary purpose of conducting a sensitivity analysis in cost estimation?
To determine the exact cost of a defense program
To identify the most significant cost drivers and assess their impact on total cost
To compare costs between different defense programs
To justify budget increases to Congress
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In the context of defense budgeting, what is a "funding wedge"?
A method to allocate funds incrementally over multiple years
A budget shortfall that must be addressed in future fiscal years
An increase in funding required to sustain a program beyond the current budget
A reduction in funding allocated to specific defense program
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Which cost estimation technique involves comparing the cost of a new program to similar existing programs?
Parametric estimating
Analogous estimating
Bottom-up estimating
Top-down estimating
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