Acquisitions.csv

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Author:
WilsonsKM
ID:
176957
Filename:
Acquisitions.csv
Updated:
2012-10-11 02:37:43
Tags:
AcQ
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Description:
AcQ
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  1. What is the Definition of a Project?
    "Temporary endeavor undertaken to create a unique product
  2. How are projects differentiated from programs and from routine operations?
    Programs are groups of related projects that are managed in a coordinated way to obtain certain benefits and control. Routine operations are continuous where programs and project have a finite lifespan.
  3. What is the definition of Project Management?
    "The application of knowledge
  4. What are some characteristics of a project?
    "Temporary
  5. What are the three constraints of a project that must be balanced?
    "Cost
  6. What is the challenge in managing the triple constraint?
    Constraints are positively correlated. An increase in one requires an increase in another but they cannot grow unconstrained. The PM must work within the 'Trade Space' to balance the constraints.
  7. What is the purpose of the project lifecycle?
    Provides the project team with a defined management approach for the sequential phases of the project. Controls the progression of a project while managing risk.
  8. Identify the three major players in the acquisition environment. What are the objectives for each players?
    "Legislative Branch: Distribute $
  9. Give examples of acquisition policy promulgated by the legislative and executive branches.
    Federal Acquisition Streamlining Act (FASA) of 1994. Changed the small purchase threshold of $25K with a simplified threshold of $100K and created a micropurchase category for purchases below $2500. Federal Acquisition Reform Act (FARA) of 1996. Intended to enable the federal acq. system to emulate the commercial marketplace by reforming larger cost and IT acquisitions.
  10. Identify the four levels of acquisition management/chain of authority (in order from lowest to highest)
    "PM-Program Manager(O6). PEO-Program Executive Officer(O7). CAE-Component Acquisition Executive(Asst. Sec). DAE-Under Sec. Def. (Acq.
  11. Discuss the matrix organizational structure and some of its advantages and disadvantages.
    Combination of functional and PM structure. Oversight provided through functional components and project components which helps with standardization and accountability but obscures chain of command by having two bosses. Allows specialization but hinders communication across projects.
  12. What is IPPD?
    "Integrated Product and Process Development. Management technique that simultaneously integrates all essential acquisition activities through the use of multi-disciplinary teams to optimize the design
  13. What are the advantages of IPPD?
    "Facilitates meeting cost & performance objectives throughout lifecycle. Less rework
  14. What is the enable of IPPD?
    Systems Engineering Process
  15. Identify three key tenets of IPPD?
    "Customer focus
  16. Define IPT.
    "Integrated Product Team. Team of representatives from appropriate functional disciplines working to build successful and balanced programs
  17. Identify three IPT broad principles.
    "Clear purpose and goals. Effective problem solving. Qualified
  18. What is the role of formal training IPT success?
    "Without training
  19. What are 3 elements of effective IPTs?
    Members understand their purpose and goals. Open and effective communication. Not dominated by leader or any member.
  20. How does DOD define Acquisition?
    "The conceptualization
  21. Why is DOD Systems Acquisition important?
    "Provides material for combat
  22. What does DoD System Acquisition impact?
    "Combat effectiveness

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