NCMA CCMA STUDY GUIDE
EXAMINERS QUESTIONS AND
ANSWERS
__ is 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
__ is the process of reviewing and evaluating any separate cost elements and profit or
fee in an offeror's proposal—and of the judgmental factors applied in projecting from the
data to the estimated costs—to determine the degree to which the offeror's proposed
costs represent the expected actual cost of contract performance assuming reasonable
economy and efficiency. -Answer-Cost Analysis
__ is 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
__ is 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
__ is the process of resolving conflict between potential and actual contracted parties in
order to maintain legal conformity. -Answer-Manage Disagreements
__ is the process of executing contract requirements, managing business relationships,
ensuring quality, and managing changes. -Answer-Perform Contract
__ is the process of Monitoring risk and assessing its impact on contract performance,
and Ensuring compliance with (1) contractual terms and conditions and (2) contract
technical requirements during contract performance up to contract closeout or
termination. -Answer-Perform Contract
is the process of: Confirming expectations, Maintaining communication channels,
Processing contract documentation, Conducting post-award performance reviews, and
§ Assessing contract performance. -Answer-Administer Contract
__ is the process of: Planning for contract performance delivery and monitoring, and
Inspecting and accepting contract performance. -Answer-Ensure Quality
, __ is the process of Initiating, considering, negotiating, and issuing contract
modifications; and Maintaining configuration control of the contract and subsequent
contract performance. -Answer-Manage Changes
The __ domain is the domain of both the buyer and seller. -Answer-Close Contract
__ for contract management are applicable throughout all phases of the contract life
cycle in all contract management circumstances, irrespective of changes in priorities,
strategies, requirements, or resources (e.g., personnel, money, equipment, time). -
Answer-Guiding Principles
A __ results from: Offer, Acceptance, Consideration, and The intent to create a legal
relationship -Answer-Contract
__ are the fundamentals of contracting that all contract managers must understand and
apply -Answer-Contract Principles
__ fall into two major categories: general concepts and Terms and conditions to address
specific matters -Answer-Contract principles
These include such notions as principal and agency, types of authority, essential
elements of a contract, market research, competition, fair and reasonable prices, and
ethics -Answer-General contracting concepts
These include the requirements and the rights and remedies of the parties in such areas
as inspection and acceptance, title transfer, excusable delay, risk of loss, repudiation,
warranties, payment terms, contract changes, and termination -Answer-Terms and
conditions to address specific contract matters
The common and repeated use of a __ standard will improve productivity, increase
efficiency, and reduce costs. -Answer-consensus-based
The purpose of the __ is to describe contract management in terms of the processes
created through the integration and interaction of job tasks and competencies, and the
purposes they serve. -Answer-Contract Management Standard™ Publication
The __ should strive to minimize the influence of personal biases, maximize the
likelihood of a successful result, and facilitate communication among affected parties. -
Answer-contract manager
Successful contract managers are those who can develop and execute __. -Answer-
business strategies
For a contract to be valid, both parties must -Answer-Agree to the terms
EXAMINERS QUESTIONS AND
ANSWERS
__ is 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
__ is the process of reviewing and evaluating any separate cost elements and profit or
fee in an offeror's proposal—and of the judgmental factors applied in projecting from the
data to the estimated costs—to determine the degree to which the offeror's proposed
costs represent the expected actual cost of contract performance assuming reasonable
economy and efficiency. -Answer-Cost Analysis
__ is 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
__ is 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
__ is the process of resolving conflict between potential and actual contracted parties in
order to maintain legal conformity. -Answer-Manage Disagreements
__ is the process of executing contract requirements, managing business relationships,
ensuring quality, and managing changes. -Answer-Perform Contract
__ is the process of Monitoring risk and assessing its impact on contract performance,
and Ensuring compliance with (1) contractual terms and conditions and (2) contract
technical requirements during contract performance up to contract closeout or
termination. -Answer-Perform Contract
is the process of: Confirming expectations, Maintaining communication channels,
Processing contract documentation, Conducting post-award performance reviews, and
§ Assessing contract performance. -Answer-Administer Contract
__ is the process of: Planning for contract performance delivery and monitoring, and
Inspecting and accepting contract performance. -Answer-Ensure Quality
, __ is the process of Initiating, considering, negotiating, and issuing contract
modifications; and Maintaining configuration control of the contract and subsequent
contract performance. -Answer-Manage Changes
The __ domain is the domain of both the buyer and seller. -Answer-Close Contract
__ for contract management are applicable throughout all phases of the contract life
cycle in all contract management circumstances, irrespective of changes in priorities,
strategies, requirements, or resources (e.g., personnel, money, equipment, time). -
Answer-Guiding Principles
A __ results from: Offer, Acceptance, Consideration, and The intent to create a legal
relationship -Answer-Contract
__ are the fundamentals of contracting that all contract managers must understand and
apply -Answer-Contract Principles
__ fall into two major categories: general concepts and Terms and conditions to address
specific matters -Answer-Contract principles
These include such notions as principal and agency, types of authority, essential
elements of a contract, market research, competition, fair and reasonable prices, and
ethics -Answer-General contracting concepts
These include the requirements and the rights and remedies of the parties in such areas
as inspection and acceptance, title transfer, excusable delay, risk of loss, repudiation,
warranties, payment terms, contract changes, and termination -Answer-Terms and
conditions to address specific contract matters
The common and repeated use of a __ standard will improve productivity, increase
efficiency, and reduce costs. -Answer-consensus-based
The purpose of the __ is to describe contract management in terms of the processes
created through the integration and interaction of job tasks and competencies, and the
purposes they serve. -Answer-Contract Management Standard™ Publication
The __ should strive to minimize the influence of personal biases, maximize the
likelihood of a successful result, and facilitate communication among affected parties. -
Answer-contract manager
Successful contract managers are those who can develop and execute __. -Answer-
business strategies
For a contract to be valid, both parties must -Answer-Agree to the terms
