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CTCM - Certified Texas Contract Management UPDATED Questions and CORRECT Answers

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CTCM - Certified Texas Contract Management UPDATED Questions and CORRECT Answers - CORRECT ANSWER - Contract Management - CORRECT ANSWER - The entire process from planning through contract administration

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CTCM - Certified Texas Contract
Management UPDATED Questions and
CORRECT Answers
- CORRECT ANSWER -



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

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