CTCM - Certified Texas Contract Management Questions With Complete Solutions

Contract Management correct answer: The entire process from planning through contract administration Contract Manager correct answer: oversees & manages the entire process - • Project planning & budget • Specific development • Review & evaluation of solicitation responses • Assuring contract rates/pricing are within budget • Contract award Contract Administrator correct answer: responsible for the post award functions • Relationship management • Implementing & monitoring vendor performance 7 contract compliance • Approving payments • Managing contract changes The 3 O's Approach correct answer: outline, operate and oversee outline includes correct answer: • Develop team • Conduct risk assessment • Identify the need Determine procurement method to operate includes correct answer: • Prepare solicitation • Copies to CAT/CPA • Solicit proposals • Evaluate responses • award to oversee refers to and includes the process of: correct answer: • Execute contract • Monitor performance • Manage change • Approve payment • Contract closeout The contract management framework process correct answer: Plan - identify objectives & strategy