Acronyms
What does PPC Stand for?
Program, Planning and Control
What type of contract carries the highest risk?
Fixed Price
I am ordering software that will be used accross multiple contracts, where should the cost be allocated?
Overhead
This establishes the approved cost and schedule plan against which performance is measured.
What is the Baseline
This person should be in charge of ordering a coffee pot for out breakroom?
Who is John Montgomery?
What does LOE stand for?
Level of Effort
In this contract type, the government reimburses allowable costs and pays an additional fee.
What is CPFF?
This cost category includes salaries and wages for employees performing work.
What is Labor?
This breaks the program scope into progressively smaller, manageable elements.
What is a WBS?
This person oversees subcontract execution on purchase orders.
Who is Dianna Smith
What does RFI stand for?
Request for Information
Decrease
This cost category typically includes employer-paid benefits associated with employee labor.
What is Fringe?
The three major areas PP&C monitors to determine overall program health are these.
What is Cost, Schedule, and Performance?
HELP! My POP expired and we haven't completed the job. This department should be your go to.
Who is Contracts?
What does IDIQ stand for?
Indefinite Delivery, Indefinite Quantity
This contract type provides incentives tied to cost, schedule, or technical performance.
What is CPIF?
A percentage applied to a base to recover costs that cannot be directly assigned to one contract is called this.
What is indirect rate?
PP&C monitors this to ensure the program has sufficient authorized money available to execute its planned work.
What is Funding?
This person supplies catering for Business Meetings.
Who is Jessica Levis?
What does FAR stand for?
Federal Acquisition Regulation
A contractor agrees to deliver 10 units for $5 million regardless of whether its actual costs are $4 million or $6 million. What type of contract is this?
What is FFP?
If direct labor is $100,000 and the fringe rate is 30%, how much fringe is budgeted?
What is 30K?
This is the process of comparing actual program performance against the baseline to identify problems and trends.
What is variance analysis?
This person approves the budget for Bidding and Proposing Job Numbers.
Who is Jim O'brien?