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CIV-502 Mod III
Question | Answer |
---|---|
What are the 3 screening & selection issues for a project? | risk, commercial, internal operating |
What is step 1 in the analytic hierarchy process? | construct hierarchy criteria |
What is step 2 in the analytic hierarchy process? | allocate weights of criteria |
What is step 3 in the analytic hierarchy process? | assign numerical values to evaluate dimensions |
What is step 4 in the analytic hierarchy process? | determine scores by summing products of numeric evals & weights |
What is an FFP contract? | firm fixed price |
What is an FPIF contract? | fixed price incentive fee |
What is an FP-EPA contract? | fixed price w/ economic price adjustment |
What is a cost plus fixed fee(CPFF) contract? | all allowable cost reimbursed %fee guarantee |
What is a cost plus incentive fee (CPIF) contract? | all allowable cost reimbursed plus predetermined incentive fee based on achieving objectives |
What is a cost plus award fee (CPAF) contract? | contractor is reimbursed for all costs but fee is based on determination of performance by client |