What is the three-word term used to document the cost, schedule, and performance objectives and thresholds for an acquisition program?

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

What is the three-word term used to document the cost, schedule, and performance objectives and thresholds for an acquisition program?

Explanation:
In defense acquisition, the document that formalizes cost, schedule, and performance objectives plus their thresholds for a program is the Acquisition Program Baseline. This three-word term is the official baseline approved by the decision authority that sets the targets for what the program must achieve in cost, timing, and performance, and it establishes the allowable variances to monitor progress and make informed decisions. It acts as the benchmark used for performance reviews, change control, and progress reporting. The other options refer to scheduling artifacts or different documents and do not represent the single, formal baseline that ties cost, schedule, and performance together.

In defense acquisition, the document that formalizes cost, schedule, and performance objectives plus their thresholds for a program is the Acquisition Program Baseline. This three-word term is the official baseline approved by the decision authority that sets the targets for what the program must achieve in cost, timing, and performance, and it establishes the allowable variances to monitor progress and make informed decisions. It acts as the benchmark used for performance reviews, change control, and progress reporting. The other options refer to scheduling artifacts or different documents and do not represent the single, formal baseline that ties cost, schedule, and performance together.

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