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| 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. |
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| 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. |
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| Risk driven controlled prototyping approach. Build the prototype to address risk area through testing until risk is resolved or mitigated. |
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| The measure of a component, subsystem, assembly, or system to perform the intended function under a prescribes set of conditions. |
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| The probabilty the system will function when activated. |
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| The probability the sytem will function for a given length of time. |
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| Used to estimate reliabilty or performance, confidence statements are made. |
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| The probability (reliabilty) and associated confidence that mission requirement is met and can be calculated using this. |
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| Contractor gets 100% of fee regardless |
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| Fee based on performance, max and min |
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| Government pays all allowable costs |
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| Time consuming for the govt |
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| Contractor must deliver product.aid negotiated price regardless of cost. |
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| Paid negotiated price regardless of cost. |
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| Price is negotiated and established at contract award. |
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| Price negotiated at contract award, fee paid on satisfactory performance |
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| Point of Total Assumption (PTA) |
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| Cost at which the contractor assumes all cost risk |
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| Point of Total Assumption (PTA) is used on what type of contracts. |
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| Low risk to contractor, high risk to government |
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| High risk to contractor, low risk to government |
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| What contract type is the greatest risk to the govt |
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| Vague requirements, labor and material costs are uncertain |
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| Technical Requirements are defined, fair and price determine |
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| Contract Financing: Advanced payments, Interim Payment |
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| Contract Financing: Advance payments, loan guarentee, progress payments, Performance Based Payments |
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| What requires adequate contractor control? |
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| Performance Based Payments (PBP) |
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| Preferred method of financing for Fixed Price contracts |
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| Performance Based Payments (PBP) |
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| Payment is based on achievement of specific events that are defined and valued in advance |
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| Performance Based Payments (PBP) |
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| Focuses on performance than incurred costs |
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| Performance Based Payments (PBP) |
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At least $25M contract
6 months of work
known product / processes
low risk
not to exceed 90% of contract price |
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| Performance Based Payments (PBP) |
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Definition
These are not:
Advance payments
Induce the contractor to perform
Delivery of goods
Acceptance of contract deliverables |
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| Acquisition Strategy and Risk Mitigation |
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| Selecting the correct contract type, incentive package and financing are a part of what? |
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| Depends on the maturity of the program |
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| Regression or statistical methods to devlope Cost Estimating Relationship (CER) Equation with one or more variables |
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| Based on historical data (Scaling parameters) |
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| The system is broken down into lower level components and costed |
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| Experience or trends used to project estimates for future costs |
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| This estimate is used in FRP |
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| Its common to use what for cross check and what estimate is normally used |
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| What are the only required reviews? |
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| What are the only required reviews? |
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