CCMP Exam Questions With Complete Answers Latest (Graded A+)

CCMP Exam Questions With Complete Answers Latest (Graded A+). When was the contract agreed? Answer - Which of the following is NOT one of the four core elements of a contract? 1,3,4 Answer - Which of the following may be incorporated into the contract? 1.) bid documents 3.) Letters, change orders and specifications. 4.) SOWs, SLAs, RFP, procedures and prices The bid, negotiation and implementation teams Answer - Who should be involved in the formal contract hand over meeting? Keep Satisfied Answer - A stakeholder group with a low level os impact and a high level of dependence on an outcome is represented as which group type for communication purposes? Stay informed and maintain confidence Answer - By understanding projects on a stakeholders radar screen, you will Build awareness Answer - If you are unlikely to be impacted by a contract and you have little importance towards it then you are most likely to be categorized as which type of stakeholder? Both 1 and 2 Answer - What should be considered when identifying a stakeholders important issues? 1.) What programs they have in the near future. 2.) What they consider to be a risk. A very complex project may require a more segmented approach to evaluation. This is called a..? Answer - Two cycle evaluation What are intangible evaluation criteria? Answer - Factors that rely on organizational culture and behavior When embarking on a long term project, which of the following is often not given adequate consideration at the proposal evaluation stage? Answer - The suppliers cultural compatibility with the buyer When is the earliest you can begin to define the evaluation matrix for an RFP Answer - Prior to drafting the RFP CCMP Test Questions With Complete Correct Answers Latest Graded A+ What is the name of the bid evaluation approach that requires a supplier to achieve a satisfactory level on specific evaluation criteria? Answer - Hurdle Above what value does the uniform commercial code in the USA require contracts to be in writing? Answer - US $500 Of the following, which is the best time to address dispute resolution procedures? Answer - Procedures should be agreed at the beginning of negotiations. What do cross-border contracts involving countries who have signed up to the UN convention on contracts for the international sale of goods (CISG) provide? Answer - CISG automatically applies unless specifically excluded. What effect does the UN convention on contracts for the international sale of goods (CISG) have on stating a time limit in which the offer must be accepted? Answer - Creates an irrevocable offer Which of the following statements about offer termination is true/false? 1.) Offers may not be terminated once they have been made, and 2.) Offers may only be terminated using the same method by which the offer was made. Answer - Only 2 is true. Of the following, which timing for the preparation and signing of a NDA will best protect both customer and suppliers interests? Answer - When RFI documents are issued What information should a bidder be required to include in their proposal Answer - Corporate financial statements What process is used to solicit proposals from suppliers where the buyer has strong and well thought out business requirements Answer - Request for proposal RFI When sending out an RFP, what request should you include in your cover letter? Answer - Explanation of any variations from your requirements Which of the following are possible outcomes of an RFI process? 2.) Decision to make 3.) Send the project out under an RFP 4.) Kill the project Answer - 2, 3, 4 How may a contract expire? Answer - Automatically What is an example of a responsibility that may continue after a contract has ended Answer - Confidentiality What type of termination occurs when one party fails to meet its contractual obligations? Answer - termination for cause What type of termination occurs when the parties agree to end the contract by agreement Answer - termination for convenience When it comes to contract acceptance, what option does a customer have other than granting unconditional or partial acceptance Answer - Total rejection What is likely a cause of a contract dispute Answer - Inadequacies in the SOW What is a dispute Answer - An issue between contracting parties that is unresolved What is the best practice in relation to dispute management Answer - to have a workable and agreed mechanism in the contract Which of the following statements about dispute resolution is/are true? 2.) the legal system will resolve the dispute unless there is agreement on a dispute revolution plan Answer - 2 Which of these statements describes a typical mediation Answer - confidential but not binding In considering the impact of the contract change, what should team members document and report Answer - Whether there is an impact on other terms In designing a best practice change control and management system, what should be taken into account Answer - Whether it is easy to find, access and monitor What can result in an unauthorized change Answer - contact claim which of the following possible impacts of a contract change on performance are ordinarily true? 1.) may improve or get worse 2.) KPIs may change or new KPIs established 4.) new SLAs may need to be established. Answer - 1, 2, 4 Who can initiate a change request? 1.) the customer 2.) the supplier Answer - 1 and 2 payment is a critical issue for both parties in terms of _________, accuracy, and amounts Answer - timing what are the trinity of contract and project management Answer - scope, schedule, and cost