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NCMA CCMA Study Guide(Certified Contract Management Associate)With Correct Answers
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NCMA CCMA Study Guide(Certified ContractManagement Associate)With Correct Answers
The actions of a contract manager to develop solicitations, develop offers, form
contracts, perform contracts, and close contracts. - ANSWER Contract
Management
The authorized representative or agent for a contracting party. - ANSWER 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. - ANSWER
Contract
The execution of the terms of a contract. - ANSWER Contract performance
For contract management, these principles apply to all contract managers in all
phases of the contract life cycle. - ANSWER Guiding Principles
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
Negotiations, changes, requirement interpretations, deliverables, contract terms and
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
one or more sellers. - ANSWER Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or
services. - ANSWER 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. - ANSWER Plan
Solicitation
The process of implementing the solicitation plan by soliciting responses from sellers
in order to fulfill a customer need. - ANSWER Request Offers
The process of describing all the elements of the customer requirements (technical,
business, regulatory, etc.) to the sellers. - ANSWER Develop Solicitation
The organization's ability to execute the sales plan as it assembles an offer to win
business. - ANSWER Prepare Offer
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
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. - ANSWER 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. - ANSWER Select Source
The process of resolving conflict between potential and actual contracted parties in
order to maintain legal conformity - ANSWER Manage Disagreements
The process of executing contract requirements, managing business relationships,
ensuring quality, and managing changes - ANSWER Perform Contract
The process of Confirming expectations, Maintaining communication channels,
Processing contract documentation, Conducting post-award performance reviews,
and Assessing contract performance. - ANSWER Administer Contract
The process of Planning for contract performance delivery and monitoring, and
Inspecting and accepting contract performance. - ANSWER Ensure Quality
The management of contracts in support of the prime contract. - ANSWER Manage
Subcontracts
The process of Initiating, considering, negotiating, and issuing contract modifications;
and Maintaining configuration control of the contract and subsequent contract
performance. - ANSWER Manage Changes
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