FCR 110 - Initiating the Project in Acquisition Planning Exam Questions Answered Correctly
Latest Update 2025-2026
Acquisition - Answers The purchase or lease of supplies or services, by contract, for use by the
Federal Government.
Contracting Officer's Representative (COR) - Answers A person responsible for overseeing the
performance of a contract and ensuring compliance with its terms.
Federal Acquisition Regulation (FAR) - Answers 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 - Answers The process of determining the need for supplies and services
and planning the acquisition of those supplies and services.
Statement of Work - Answers A document that describes the work to be performed under a
contract.
Marketplace Analysis - Answers The process of researching and analyzing the market to
identify potential offerors and evaluate their capabilities.
Evaluation Factors - Answers Criteria used to assess the proposals submitted by offerors to
determine the best solution.
Potential Offerors - Answers Individuals or organizations that may submit proposals in response
to a solicitation.
Acquisition Team - Answers A group of individuals responsible for managing the acquisition
process.
Government Acquisition - Answers The process by which government entities procure goods
and services.
Role of COR - Answers To support acquisition planning and ensure compliance with contract
terms.
Relationship to PM and CO - Answers The COR works closely with the Project Manager (PM)
and Contracting Officer (CO) to facilitate the acquisition process.
Publicizing Solicitation - Answers The process of announcing an upcoming acquisition
opportunity to attract potential offerors.
Contract - Answers A mutually binding legal relationship between a seller, or contractor, and a
buyer, or the Government.
Project Lifecycle - Answers 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 - Answers 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 - Answers The phase where specific solutions and their requirements are
determined to meet project objectives, along with planning for execution.
Development - Answers The phase that follows the project plan, focusing on creating the
product or solution and evaluating whether the outcome meets project objectives.
Implementation - Answers The phase during which the fully functional product or service is
deployed in a roll-out to the end user.
Operations & Maintenance - Answers The longest phase in the project lifecycle, where a support
system sustains the product cost-effectively and ensures performance requirements are met.
Closeout - Answers The final phase of the project lifecycle, where project work ends, and
documentation of project goals, objectives, and lessons learned occurs.
Acquisition Process - Answers The overall process in the Federal Government that includes
much more than just procuring goods and services.
Pre-award Phase - Answers The initial phase in the contracting process where needs are
defined and requirements are established.
Contracting Officer's Representative (COR) - Answers A role within the contracting process
responsible for overseeing contract performance and ensuring compliance.
Project Objectives - Answers The goals that a project aims to achieve throughout its lifecycle.
Acquisition Lifecycle - Answers The complete process that includes all phases from pre-award
to contract closeout.
Specific Solution - Answers The defined approach or method determined during the concept
planning phase to meet project objectives.
Project Tasks - Answers The specific activities that need to be completed in each phase of the
project lifecycle.
Project Governance - Answers The framework and processes that guide the execution of
projects, programs, and contracts.
Federal Agencies - Answers Organizations within the Federal Government that may have varying
project lifecycles.
Budget Allocation - Answers The process by which an agency contributes to its portion of the
President's annual budget.
, Procurement - Answers The act of obtaining goods and services, which is a key part of the
contracting process.
Pre-award Phase - Answers Acquisition planning, issuing the solicitation, and source selection
occur during the Pre-award phase.
Postaward Phase - Answers During the postaward phase, the Government and the contractor
meet and prepare to implement the contract.
Contract Management Phase - Answers The contractor provides the agreed-upon
supplies/services during the contract management phase.
Contract Closeout - Answers The Government provides final acceptance and payment, and
submits the contractor performance evaluation during closeout.
Federal Acquisition - Answers Federal acquisition is governed by public policy and legislation,
starting at the highest levels of Government and flowing down through the agencies to the
acquisition workforce.
Laws - Answers Give overall direction to the acquisition function.
Executive Orders - Answers Manage contracting operations and procurement policy.
Office of Management and Budget (OMB) Circulars - Answers Communicate public policy
information and instructions to Federal agencies.
Office of Federal Procurement Policy (OFPP) Memos and Policy Letters - Answers Disseminate
procurement-related public policy to Federal agencies.
Federal Acquisition Regulation (FAR) - Answers Stipulates how to incorporate specific public
policy requirements into Government contracting.
FAR - Answers As the principal regulatory guidance for implementing procurements and
contracts, the FAR is the primary authority to follow when executing your job functions as a COR.
Agency Supplements - Answers Agency supplements are secondary to the FAR, and cannot
conflict or be inconsistent with the FAR.
Acquisition Planning - Answers The FAR defines acquisition planning as coordinating and
integrating a comprehensive plan for fulfilling an agency need in a timely manner and at a
reasonable cost.
Acquisition Team - Answers Identifying the Acquisition Team is a part of the acquisition
planning process.
Reviewing Previous Acquisitions - Answers Reviewing previous similar acquisitions is a step in
the acquisition planning process.
Latest Update 2025-2026
Acquisition - Answers The purchase or lease of supplies or services, by contract, for use by the
Federal Government.
Contracting Officer's Representative (COR) - Answers A person responsible for overseeing the
performance of a contract and ensuring compliance with its terms.
Federal Acquisition Regulation (FAR) - Answers 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 - Answers The process of determining the need for supplies and services
and planning the acquisition of those supplies and services.
Statement of Work - Answers A document that describes the work to be performed under a
contract.
Marketplace Analysis - Answers The process of researching and analyzing the market to
identify potential offerors and evaluate their capabilities.
Evaluation Factors - Answers Criteria used to assess the proposals submitted by offerors to
determine the best solution.
Potential Offerors - Answers Individuals or organizations that may submit proposals in response
to a solicitation.
Acquisition Team - Answers A group of individuals responsible for managing the acquisition
process.
Government Acquisition - Answers The process by which government entities procure goods
and services.
Role of COR - Answers To support acquisition planning and ensure compliance with contract
terms.
Relationship to PM and CO - Answers The COR works closely with the Project Manager (PM)
and Contracting Officer (CO) to facilitate the acquisition process.
Publicizing Solicitation - Answers The process of announcing an upcoming acquisition
opportunity to attract potential offerors.
Contract - Answers A mutually binding legal relationship between a seller, or contractor, and a
buyer, or the Government.
Project Lifecycle - Answers 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 - Answers 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 - Answers The phase where specific solutions and their requirements are
determined to meet project objectives, along with planning for execution.
Development - Answers The phase that follows the project plan, focusing on creating the
product or solution and evaluating whether the outcome meets project objectives.
Implementation - Answers The phase during which the fully functional product or service is
deployed in a roll-out to the end user.
Operations & Maintenance - Answers The longest phase in the project lifecycle, where a support
system sustains the product cost-effectively and ensures performance requirements are met.
Closeout - Answers The final phase of the project lifecycle, where project work ends, and
documentation of project goals, objectives, and lessons learned occurs.
Acquisition Process - Answers The overall process in the Federal Government that includes
much more than just procuring goods and services.
Pre-award Phase - Answers The initial phase in the contracting process where needs are
defined and requirements are established.
Contracting Officer's Representative (COR) - Answers A role within the contracting process
responsible for overseeing contract performance and ensuring compliance.
Project Objectives - Answers The goals that a project aims to achieve throughout its lifecycle.
Acquisition Lifecycle - Answers The complete process that includes all phases from pre-award
to contract closeout.
Specific Solution - Answers The defined approach or method determined during the concept
planning phase to meet project objectives.
Project Tasks - Answers The specific activities that need to be completed in each phase of the
project lifecycle.
Project Governance - Answers The framework and processes that guide the execution of
projects, programs, and contracts.
Federal Agencies - Answers Organizations within the Federal Government that may have varying
project lifecycles.
Budget Allocation - Answers The process by which an agency contributes to its portion of the
President's annual budget.
, Procurement - Answers The act of obtaining goods and services, which is a key part of the
contracting process.
Pre-award Phase - Answers Acquisition planning, issuing the solicitation, and source selection
occur during the Pre-award phase.
Postaward Phase - Answers During the postaward phase, the Government and the contractor
meet and prepare to implement the contract.
Contract Management Phase - Answers The contractor provides the agreed-upon
supplies/services during the contract management phase.
Contract Closeout - Answers The Government provides final acceptance and payment, and
submits the contractor performance evaluation during closeout.
Federal Acquisition - Answers Federal acquisition is governed by public policy and legislation,
starting at the highest levels of Government and flowing down through the agencies to the
acquisition workforce.
Laws - Answers Give overall direction to the acquisition function.
Executive Orders - Answers Manage contracting operations and procurement policy.
Office of Management and Budget (OMB) Circulars - Answers Communicate public policy
information and instructions to Federal agencies.
Office of Federal Procurement Policy (OFPP) Memos and Policy Letters - Answers Disseminate
procurement-related public policy to Federal agencies.
Federal Acquisition Regulation (FAR) - Answers Stipulates how to incorporate specific public
policy requirements into Government contracting.
FAR - Answers As the principal regulatory guidance for implementing procurements and
contracts, the FAR is the primary authority to follow when executing your job functions as a COR.
Agency Supplements - Answers Agency supplements are secondary to the FAR, and cannot
conflict or be inconsistent with the FAR.
Acquisition Planning - Answers The FAR defines acquisition planning as coordinating and
integrating a comprehensive plan for fulfilling an agency need in a timely manner and at a
reasonable cost.
Acquisition Team - Answers Identifying the Acquisition Team is a part of the acquisition
planning process.
Reviewing Previous Acquisitions - Answers Reviewing previous similar acquisitions is a step in
the acquisition planning process.
