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DAU PMT 352B Exam II Part IV
Exam II Part IV
45
Other
Graduate
10/27/2011

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Cards

Term
Waterfall Approach
Definition
A document driven approach best suited for highly precendented systems with stable requirements. User needs are defined, requirements are defined, the full system is designed, built and tested for ultimate delivery at one point in time.
Term
Incremental Approach
Definition
Determines user's needs and defines overall architecture, but then delivers one build, test, the builds another build, tests until it is completed. It builds on the configuration.
Term
Spiral Approach
Definition
Risk driven controlled prototyping approach. Build the prototype to address risk area through testing until risk is resolved or mitigated.
Term
Reliability
Definition
The measure of a component, subsystem, assembly, or system to perform the intended function under a prescribes set of conditions.
Term
Binomial
Definition
The probabilty the system will function when activated.
Term
Exponential
Definition
The probability the sytem will function for a given length of time.
Term
Inferential Statistics
Definition
Used to estimate reliabilty or performance, confidence statements are made.
Term
Nomograph
Definition
The probability (reliabilty) and associated confidence that mission requirement is met and can be calculated using this.
Term
CPFF
Definition
Contractor gets 100% of fee regardless
Term
CPIF
Definition
Fee based on performance, max and min
Term
CPAF
Definition
Government pays all allowable costs
Term
CPAF
Definition
Time consuming for the govt
Term
FFP
Definition
Contractor must deliver product.aid negotiated price regardless of cost.
Term
FFP
Definition
Paid negotiated price regardless of cost.
Term
FFP
Definition
Price is negotiated and established at contract award.
Term
FPAF
Definition
Price negotiated at contract award, fee paid on satisfactory performance
Term
Point of Total Assumption (PTA)
Definition
Cost at which the contractor assumes all cost risk
Term
FPIF
Definition
Point of Total Assumption (PTA) is used on what type of contracts.
Term
Cost Reimbursement
Definition
Low risk to contractor, high risk to government
Term
Fixed Price
Definition
High risk to contractor, low risk to government
Term
CPFF
Definition
What contract type is the greatest risk to the govt
Term
CPFF
Definition
Vague requirements, labor and material costs are uncertain
Term
FFP
Definition
Technical Requirements are defined, fair and price determine
Term
Commercial
Definition
Contract Financing: Advanced payments, Interim Payment
Term
Non Commercial
Definition
Contract Financing: Advance payments, loan guarentee, progress payments, Performance Based Payments
Term
Progress Payments
Definition
What requires adequate contractor control?
Term
Performance Based Payments (PBP)
Definition
Preferred method of financing for Fixed Price contracts
Term
Performance Based Payments (PBP)
Definition
Payment is based on achievement of specific events that are defined and valued in advance
Term
Performance Based Payments (PBP)
Definition
Focuses on performance than incurred costs
Term
Performance Based Payments (PBP)
Definition
At least $25M contract
6 months of work
known product / processes
low risk
not to exceed 90% of contract price
Term
Performance Based Payments (PBP)
Definition
These are not:
Advance payments
Induce the contractor to perform
Delivery of goods
Acceptance of contract deliverables
Term
Acquisition Strategy and Risk Mitigation
Definition
Selecting the correct contract type, incentive package and financing are a part of what?
Term
Life Cycle Cost
Definition
Depends on the maturity of the program
Term
Parametric
Definition
Regression or statistical methods to devlope Cost Estimating Relationship (CER) Equation with one or more variables
Term
Analogy
Definition
Based on historical data (Scaling parameters)
Term
Engineering Estimate
Definition
The system is broken down into lower level components and costed
Term
Actual Costs
Definition
Experience or trends used to project estimates for future costs
Term
Actual Costs
Definition
This estimate is used in FRP
Term
Two Methods / Analogy
Definition
Its common to use what for cross check and what estimate is normally used
Term
PDR / CDR
Definition
What are the only required reviews?
Term
PDR
Definition
Allocated baseline
Term
CDR
Definition
Initial Product baseline
Term
PDR / CDR
Definition
What are the only required reviews?
Term
PDR
Definition
Allocated baseline
Term
CDR
Definition
Initial Product baseline
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