Reference no: EM13489734

Earned Value, PPBE & Budget EXTRA CREDIT Exam

1) Which one of the following best describes the conditions under which a P-40a budget exhibit is required to be submitted?
When the line item is part of budget activities 4, 5, or 7
When the line item covers advance procurement funds for a weapon system
When the line item is an aggregation of different end items requiring funding of less than $5 million apiece
When the line item funding is $5 million or more in the budget year

2) Which one of the following contracts most likely would NOT require contract performance reporting by a Contract Performance Report (CPR)?
18-month Fixed-Price Incentive Fee Procurement contract valued at $165 million (then year dollars)
36-month Cost Plus Award Fee RDT&E contract valued at $54 million (then year dollars)
24-month Cost Plus Fixed Fee RDT&E contract valued at $3.8 million (then year dollars)

3) All of the following are characteristics of an effective reclama, EXCEPT:
Is concise
Provides specific, believable impacts on the program
Uses technical jargon and acronyms
Specifically addresses reasoning for proposed funding cut

4) Which one of the following statements is FALSE concerning the P-3a budget exhibit?
It includes a schedule for installation of modification kits
It may display RDT&E funding information as well as procurement funding information
It provides a listing of all items that will be purchased with advance procurement funds
It specifies the quantity of items funded each year, when applicable

5 Which of the following is NOT a primary input to the Programming Phase of the PPBE process ?
Fiscal Guidance (FG)
Combatant Commander's Integrated Priority Lists (IPLs)
National Military Strategy (NMS)

6) The budget exhibit that provides a schematic display of major program milestones for a project is the:
R-3
R-4
R-2
R-1

7 Place these PPBE process Budgeting Phase activities in the order in which they most commonly occur:
Reclamas to draft Resource Management Decisions (RMDs ) (budgeting phase annex) 1 2 3 4
Preparation of budget inputs by operational organizations and field activities 1 2 3 4
OSD/OMB Budget Hearings 1 2 3 4
Component preparation of the Budget Estimate Submission (BES) 1 2 3 4

8) All of the following are reasons that an acquisition program may lose funding during the PPBE process, EXCEPT:
Providing vague justification for requested funding
Failure to comply with funding policies
Clear articulation of system needs and capabilities
Funding profile absorbs excessively large share of Component's topline

9 The budget exhibit that provides detailed cost information for each project under a program element in RDT&E budget activities 4, 5, or 7 with funding of $1 million or more in any budget year is the:
R-3a
R-2
R-1
R-3

10) Which one of the following would likely trigger a question or adjustment by a budget analyst reviewing a budget request?
RDT&E program used a Procurement escalation index
Budget request is consistent with the program's current cost estimates and schedule
Program's obligations and expenditures are close to goals

11) Which one of the following is NOT a primary input to the Planning Phase of the PPBE process?
Defense Planning Guidance (DPPG)
National Military Strategy (NMS )
Chairman's Program Recommendation (CPR)
National Security Strategy (NSS)