Shared Flashcard Set

Details

FM Block VII PE 1a
Financial Management Officer Course
17
Finance
Graduate
05/21/2013

Additional Finance Flashcards

 


 

Cards

Term
- to enable the war fighter by developing, adapting and sustaining systems & programs in response to real-world demands
Definition
What is AFMC's purpose?
Term
- all cost from project inception to disposal of equipment
Definition
What are life cycle costs?
Term
- to choose the most cost-effective approach from a series of alternatives so the least long-term cost of ownership is achieved
Definition
What is the objective of a Life Cycle Cost Analysis?
Term

Milestone Decision Authority

MDA

Definition
The ________ is the designated individual with overall responsibility for a program.  This individual has the authority to approve entry of an acquisition program into the next phase of the acquisition process and is accountable for cost, schedule, and performance reporting to higher authority, including Congressional reporting.
Term

Program Manager

PM

Definition
Which individual is placed in charge of an acquisition program?
Term
- responsible for plans & integration, budgeting, cost estimating, and program evaluation
Definition
What is Financial Management responsible for from an acquisition point of view?
Term

Program Executive Officer

PEO

Definition
Who has responsibility for directing several major defense acquisition programs, as well as assigned major system and non-major system acquisition programs?
Term

Major Defense Acquisition Program

MDAP

Definition
What type of programs are ACAT I?
Term

Major Automated Information Systems

MAIS

Definition
What type of programs is ACAT IA?
Term
- require expenditure for RDT&E of more than $140M in FY2000 constant dollars or procurement of more then $660M in FY2000 constant dollars
Definition
What are the cost parameters for ACAT II programs?
Term
Decision Point
Definition
What is a milestone?
Term

1.  Continue the program

2.  The program can be stopped

3.  the program can be returned to an earlier phase of development

Definition
What are the 3 possible outcomes when an acquisition milestone is reached?
Term
- period of time
Definition
What is a phase?
Term

- Materiel Solution Analysis

- Technology Development

Definition
What phases are categorized as Pre-System Acquisition?
Term

- Engineering & Manufacturing Development

- Production and Development

Definition
What phases are categorized as System Acquisition?
Term

Operations & Support

- Sustaining Work Effort

- Disposal Work Effort

Definition
What phase is categorized as Sustainment
Term

Milestone A

-pre-systems acquisition

Milestone B

-System acquisition

Milestone C

-Sustainment

Definition
What are the 3 Milestone Reviews within the Acquisition Life Cycle and what phases do they "separate?"
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