Finance 101
What are the 3 Financial Stewardship Indicators?
Revenue, Price and Free Cash Flow
What is MITRE's budgeting tool?
OneStream
Who is the director of Program Finance? (50 bonus pts. if you can name the director of Sector Finance too)
Andrea Codd (bonus pt answer: Evan Rolfe)
How many FFRDCs does MITRE operate?
6
What are our three primary contract types?
Cost-Plus Fixed Fee (CPFF), Time & Materials (T&M) and Firm Fixed Price (FFP)
What sources of cash do we have?
Fee and COM (Cost of Money)
What is the BI system within CostPoint called?
Cognos
What are the primary tools for PLs? (50 bonus pts. if you know what the upcoming tool is called)
MiHub and Clarity (upcoming tool: Certinia)
What do MNS and MPS stand for?
MITRE National Security Sector and MITRE Public Sector
What does the FAR stand for?
What is the difference between a direct and indirect cost?
A direct cost is a cost incurred specifically to deliver work and an indirect cost is a cost incurred to operate the business and fund activities that benefit multiple direct projects
Which tool has a Landing Report?
MiHub
What tool is used for project set-ups?
Costpoint
What is MITRE's mission?
Solving problems for a safer world
What is Dave Kurowski's role at MITRE?
Corporate Controller
What components make up price?
Direct Costs, Indirect Costs and Margin (Fee/COM)
What tool would you use to run a Cost and Labor Report?
Clarity
What tool is utilized to do pricing?
OneStream (also accept ProPricer)
What is the role of MITRE Engenuity?
What tool would you use to run a Project Status Report?
CostPoint
What does the wrap rate measure? (200 bonus points if you know the formula too)
The ratio of total costs (direct + indirect) to an employee's salary; Formula = (1 + OH Rate)(1 + G&A)
What are the packages for data called in Tableau?
EDPs
On a CPFF project, how is Fee determined? Can the Fee amount fluctuate after it is set?
Fee calculated by taking total costs times the Fee percentage. As indicated in the name of the contract type, Fee is fixed after the amount is set.
As an operator of FFRDCs, we are required to be an autonomous, not-for-profit organization
Basketball