The Defense Acquisition System is primarily about controlling which of the following?

Study for the Certified Defense Financial Manager (CDFM) Exam 1. Engage with flashcards and multiple choice questions, with hints and explanations for each query. Prepare confidently for your exam!

Multiple Choice

The Defense Acquisition System is primarily about controlling which of the following?

Explanation:
Risk management is the focus of the Defense Acquisition System. Throughout a program’s life, teams identify technical, programmatic, and external risks, assess how likely they are and how big their impact could be, and then carry out mitigation plans to reduce those risks. By continuously managing risk, decisions at reviews and milestones are guided by how much residual risk remains, which helps protect cost, schedule, and performance. While those three—cost, schedule, and performance—are important constraints and outcomes, risk management ties them together and drives the tradeoffs and funding decisions needed to keep a program on track.

Risk management is the focus of the Defense Acquisition System. Throughout a program’s life, teams identify technical, programmatic, and external risks, assess how likely they are and how big their impact could be, and then carry out mitigation plans to reduce those risks. By continuously managing risk, decisions at reviews and milestones are guided by how much residual risk remains, which helps protect cost, schedule, and performance. While those three—cost, schedule, and performance—are important constraints and outcomes, risk management ties them together and drives the tradeoffs and funding decisions needed to keep a program on track.

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