FCR 110: Initiating The Project In Acquisition
Planning Exam Questions With 100% Verified
Correct Answers.
Acquisition
The purchase or lease of supplies or services, by contract, for use by the Federal Government.
Contracting Officer's Representative (COR)
A person responsible for overseeing the performance of a contract and ensuring compliance with
its terms.
Federal Acquisition Regulation (FAR)
A set of rules governing the acquisition process by which agencies of the federal government of
the United States acquire goods and services.
Acquisition Planning
The process of determining the need for supplies and services and planning the acquisition of
those supplies and services.
Statement of Work
A document that describes the work to be performed under a contract.
Marketplace Analysis
The process of researching and analyzing the market to identify potential offerors and evaluate
their capabilities.
Evaluation Factors
Criteria used to assess the proposals submitted by offerors to determine the best solution.
Potential Offerors
Individuals or organizations that may submit proposals in response to a solicitation.
Acquisition Team
,A group of individuals responsible for managing the acquisition process.
Government Acquisition
The process by which government entities procure goods and services.
Role of COR
To support acquisition planning and ensure compliance with contract terms.
Relationship to PM and CO
The COR works closely with the Project Manager (PM) and Contracting Officer (CO) to
facilitate the acquisition process.
Publicizing Solicitation
The process of announcing an upcoming acquisition opportunity to attract potential offerors.
Contract
A mutually binding legal relationship between a seller, or contractor, and a buyer, or the
Government.
Project Lifecycle
The process through which a project develops from start to finish, composed of six phases, each
with its own specific tasks and outcomes.
Concept Definition
The purpose of this phase is to analyze organizational objectives and identify where there are
gaps in your ability to meet those objectives. This is where justification for a project occurs.
Concept Planning
The phase where specific solutions and their requirements are determined to meet project
objectives, along with planning for execution.
Development
,The phase that follows the project plan, focusing on creating the product or solution and
evaluating whether the outcome meets project objectives.
Implementation
The phase during which the fully functional product or service is deployed in a roll-out to the
end user.
Operations & Maintenance
The longest phase in the project lifecycle, where a support system sustains the product cost-
effectively and ensures performance requirements are met.
Closeout
The final phase of the project lifecycle, where project work ends, and documentation of project
goals, objectives, and lessons learned occurs.
Acquisition Process
The overall process in the Federal Government that includes much more than just procuring
goods and services.
Pre-award Phase
The initial phase in the contracting process where needs are defined and requirements are
established.
Contracting Officer's Representative (COR)
A role within the contracting process responsible for overseeing contract performance and
ensuring compliance.
Project Objectives
The goals that a project aims to achieve throughout its lifecycle.
Acquisition Lifecycle
The complete process that includes all phases from pre-award to contract closeout.
Specific Solution
, The defined approach or method determined during the concept planning phase to meet project
objectives.
Project Tasks
The specific activities that need to be completed in each phase of the project lifecycle.
Project Governance
The framework and processes that guide the execution of projects, programs, and contracts.
Federal Agencies
Organizations within the Federal Government that may have varying project lifecycles.
Budget Allocation
The process by which an agency contributes to its portion of the President's annual budget.
Procurement
The act of obtaining goods and services, which is a key part of the contracting process.
Pre-award Phase
Acquisition planning, issuing the solicitation, and source selection occur during the Pre-award
phase.
Postaward Phase
During the postaward phase, the Government and the contractor meet and prepare to implement
the contract.
Contract Management Phase
The contractor provides the agreed-upon supplies/services during the contract management
phase.
Contract Closeout
The Government provides final acceptance and payment, and submits the contractor performance
evaluation during closeout.
Planning Exam Questions With 100% Verified
Correct Answers.
Acquisition
The purchase or lease of supplies or services, by contract, for use by the Federal Government.
Contracting Officer's Representative (COR)
A person responsible for overseeing the performance of a contract and ensuring compliance with
its terms.
Federal Acquisition Regulation (FAR)
A set of rules governing the acquisition process by which agencies of the federal government of
the United States acquire goods and services.
Acquisition Planning
The process of determining the need for supplies and services and planning the acquisition of
those supplies and services.
Statement of Work
A document that describes the work to be performed under a contract.
Marketplace Analysis
The process of researching and analyzing the market to identify potential offerors and evaluate
their capabilities.
Evaluation Factors
Criteria used to assess the proposals submitted by offerors to determine the best solution.
Potential Offerors
Individuals or organizations that may submit proposals in response to a solicitation.
Acquisition Team
,A group of individuals responsible for managing the acquisition process.
Government Acquisition
The process by which government entities procure goods and services.
Role of COR
To support acquisition planning and ensure compliance with contract terms.
Relationship to PM and CO
The COR works closely with the Project Manager (PM) and Contracting Officer (CO) to
facilitate the acquisition process.
Publicizing Solicitation
The process of announcing an upcoming acquisition opportunity to attract potential offerors.
Contract
A mutually binding legal relationship between a seller, or contractor, and a buyer, or the
Government.
Project Lifecycle
The process through which a project develops from start to finish, composed of six phases, each
with its own specific tasks and outcomes.
Concept Definition
The purpose of this phase is to analyze organizational objectives and identify where there are
gaps in your ability to meet those objectives. This is where justification for a project occurs.
Concept Planning
The phase where specific solutions and their requirements are determined to meet project
objectives, along with planning for execution.
Development
,The phase that follows the project plan, focusing on creating the product or solution and
evaluating whether the outcome meets project objectives.
Implementation
The phase during which the fully functional product or service is deployed in a roll-out to the
end user.
Operations & Maintenance
The longest phase in the project lifecycle, where a support system sustains the product cost-
effectively and ensures performance requirements are met.
Closeout
The final phase of the project lifecycle, where project work ends, and documentation of project
goals, objectives, and lessons learned occurs.
Acquisition Process
The overall process in the Federal Government that includes much more than just procuring
goods and services.
Pre-award Phase
The initial phase in the contracting process where needs are defined and requirements are
established.
Contracting Officer's Representative (COR)
A role within the contracting process responsible for overseeing contract performance and
ensuring compliance.
Project Objectives
The goals that a project aims to achieve throughout its lifecycle.
Acquisition Lifecycle
The complete process that includes all phases from pre-award to contract closeout.
Specific Solution
, The defined approach or method determined during the concept planning phase to meet project
objectives.
Project Tasks
The specific activities that need to be completed in each phase of the project lifecycle.
Project Governance
The framework and processes that guide the execution of projects, programs, and contracts.
Federal Agencies
Organizations within the Federal Government that may have varying project lifecycles.
Budget Allocation
The process by which an agency contributes to its portion of the President's annual budget.
Procurement
The act of obtaining goods and services, which is a key part of the contracting process.
Pre-award Phase
Acquisition planning, issuing the solicitation, and source selection occur during the Pre-award
phase.
Postaward Phase
During the postaward phase, the Government and the contractor meet and prepare to implement
the contract.
Contract Management Phase
The contractor provides the agreed-upon supplies/services during the contract management
phase.
Contract Closeout
The Government provides final acceptance and payment, and submits the contractor performance
evaluation during closeout.
