CPCM Pre-Award Answered Questions | Already Passed | 100 % Correct Answers

Acquisition planning Ans: The process by which efforts of all personnel responsible for an acquisition are coordinated and integrated through a comprehensive plan for fulfilling the customer need in a timely manner at a reasonable cost; includes developing the overall strategy for managing the acquistion. Acquisition risk Ans: The probability that some element of an acquisition process produces an undesirable result with an adverse effect on system effectiveness, suitability cost, or availability for deployment. Auction Ans: Sale in which property, services, or merchandise are sold to the highest bidder Basic ordering agreement Ans: Similar to a basic agreement, but may also include terms and conditions intended to describe the types of goods and services that may be ordered in the future, to define pricing methods that will apply, or todefine ordering or delivery procedures. Broad agency announcement Ans: General announcement of an agency's research interests, including criteria for selecting proposals and soliciting the participation of all offerors capable of satisfying the agency's needs. Business development Ans: This is in the pre-award life cycle phase of contract management and it is in the "develop offer" domain. It is the process of the seller organizing pre-sales activities to develop customer relations and market strategy, and assessing competition. Commercial contract financing Ans: Obtaining loans and lines of credit from financial institution