NCMA CCMA Study Guide Certified Contract Management Associate Questions and 100% CORRECT ANSWERS LATEST 2024 VERSION
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Course
NCMA
Institution
NCMA
NCMA CCMA Study Guide Certified Contract Management Associate Questions and 100% CORRECT ANSWERS LATEST 2024 VERSION
The actions of a contract manager to develop solicitations, develop offers, form contracts, perform contracts, and close contracts. - ANSWER Contract Management
The autho...
NCMA CCMA Study Guide
Certified Contract Management
Associate Questions and 100%
A
CORRECT ANSWERS LATEST
VI
2024 VERSION
TU
IS
The actions of a contract manager to develop solicitations, develop offers, form
contracts, perform contracts, and close contracts. - ANSWER Contract Management
M
The authorized representative or agent for a contracting party. - ANSWER Contract
Manager
O
A mutually binding legal relationship obligating the seller to furnish supplies or services
and the buyer to provide consideration in exchange for them. - ANSWER Contract
A
The execution of the terms of a contract. - ANSWER Contract performance
N
For contract management, these principles apply to all contract managers in all phases
of the contract life cycle. - ANSWER Guiding Principles
JP
The phases of a contract: pre-award, award, and post-award. - ANSWER Contract
Life Cycle Phases
The areas within a contract life cycle phase that produce significant contract
management outcomes. - ANSWER 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. - ANSWER
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. - ANSWER Job Tasks
The process of managing contracts throughout the contract life cycle while ensuring
customer satisfaction. - ANSWER Contract Management
A
Negotiations, changes, requirement interpretations, deliverables, contract terms and
VI
conditions, and risk management are actions of who? - ANSWER Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled by
TU
one or more sellers. - ANSWER Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or
services. - ANSWER Seller
IS
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. - ANSWER Plan Solicitation
M
The process of implementing the solicitation plan by soliciting responses from sellers in
O
order to fulfill a customer need. - ANSWER Request Offers
The process of describing all the elements of the customer requirements (technical,
A
business, regulatory, etc.) to the sellers. - ANSWER Develop Solicitation
N
The organization's ability to execute the sales plan as it assembles an offer to win
business. - ANSWER Prepare Offer
JP
The process of Determining reasonable cost and pricing, Conducting negotiations,
Selecting the source, and Managing disagreements. - ANSWER 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. - ANSWER Price Analysis
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