Exam (elaborations)
NCMA CCMA EXAM QUESTIONS ND ANSWERS
- Course
- Institution
NCMA CCMA EXAM QUESTIONS ND ANSWERS
[Show more]
Content preview
NCMA CCMA EXAM QUESTIONS ND ANSWERSThe actions of a contract manager to develop solicitations, develop offers, form
contracts, perform contracts, and close contracts. - Answers -Contract Management
The authorized representative or agent for a contracting party. - Answers -Contract
Manager
A mutually binding legal relationship obligating the seller to furnish supplies or services
and the buyer to provide consideration in exchange for them. - Answers -Contract
The execution of the terms of a contract. - Answers -Contract performance
For contract management, these principles apply to all contract managers in all phases
of the contract life cycle. - Answers -Guiding Principles
The phases of a contract: pre-award, award, and post-award. - Answers -Contract Life
Cycle Phases
The areas within a contract life cycle phase that produce significant contract
management outcomes. - Answers -Domains
The processes utilized to produce the expected contract management outcomes of the
domains. These processes involve the ability to perform multiple job tasks, both
simultaneously and sequentially, while achieving meaningful results. - Answers -
Competencies
The tasks performed on a routine basis by contract managers. Contract managers
systematically process the job tasks to achieve the expected results of the
competencies. - Answers -Job Tasks
The process of managing contracts throughout the contract life cycle while ensuring
customer satisfaction. - Answers -Contract Management
Negotiations, changes, requirement interpretations, deliverables, contract terms and
conditions, and risk management are actions of who? - Answers -Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled by
one or more sellers. - Answers -Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or
services. - Answers -Seller
The process by which efforts of all personnel responsible for acquiring goods or
services are coordinated and integrated through a comprehensive plan for fulfilling the
customer need in a timely manner at a reasonable cost. - Answers -Plan Solicitation
, The process of implementing the solicitation plan by soliciting responses from sellers in
order to fulfill a customer need. - Answers -Request Offers
The process of describing all the elements of the customer requirements (technical,
business, regulatory, etc.) to the sellers. - Answers -Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win
business. - Answers -Prepare Offer
The process of Determining reasonable cost and pricing, Conducting negotiations,
Selecting the source, and Managing disagreements. - Answers -Form Contract
The process of examining and evaluating an offeror's proposed price without evaluation
of the separate detailed cost elements and proposed profit of the offeror's price
proposal. - Answers -Price Analysis
The process of preparing for interaction between the buyer and seller regarding all
aspects of the offer and its terms, and often involves clarifying requirements and parties
requesting changes or consideration of an alternate approach that may be consistent
with the solicitation requirements. - Answers -Plan Negotiations
The process of analyzing submitted offers in accordance with the solicitation evaluation
criteria to select the source that has the highest probability of satisfactory contract
performance. - Answers -Select Source
The process of resolving conflict between potential and actual contracted parties in
order to maintain legal conformity - Answers -Manage Disagreements
The process of executing contract requirements, managing business relationships,
ensuring quality, and managing changes - Answers -Perform Contract
The process of Confirming expectations, Maintaining communication channels,
Processing contract documentation, Conducting post-award performance reviews, and
Assessing contract performance. - Answers -Administer Contract
The process of Planning for contract performance delivery and monitoring, and
Inspecting and accepting contract performance. - Answers -Ensure Quality
The management of contracts in support of the prime contract. - Answers -Manage
Subcontracts
The process of Initiating, considering, negotiating, and issuing contract modifications;
and Maintaining configuration control of the contract and subsequent contract
performance. - Answers -Manage Changes
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GEEKA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now