CCMP Test Exam Questions AND Correct Answers
1,3,4 - ✔✔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
a consortium agreement usually requires which of the following? 1.) joint and
several liability 2.) responsibility for own scope 3.) responsibility for others
scope - ✔✔1, 2, and 3
A very complex project may require a more segmented approach to evaluation.
This is called a..? - ✔✔Two cycle evaluation
Above what value does the uniform commercial code in the USA require
contracts to be in writing? - ✔✔US $500
best practice corporations will do which of the following? 1.) ensure a healthy
overlap between legal terms and financial terms during negotiation - ✔✔1 only
bidders will ask questions about your request for proposal. which of the below
is best practice in responding to them - ✔✔maintain confidentiality buy not
advising bidders who asked what question
Both 1 and 2 - ✔✔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.
,Build awareness - ✔✔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?
emerging practice identifies post-signature contract management as being a
framework for what? - ✔✔delivering effective contract outcomes
For a turnkey contract to be successful it must __________? - ✔✔describe in
detail the responsibilities of both parties
How can a commercial contracts professional best manage the emergence and
crisis stage of negotiation? - ✔✔test, understanding, and summarize views
How do best practice negotiators approach different negotiation styles? -
✔✔asses which style is appropriate and use all confidently
how does European Union law (EU) address the principle of exclusive territory
of a distributor - ✔✔you may be in violation of the law if it is only granted for
one EU country
How may a contract expire? - ✔✔Automatically
How should the negotiating environment be established? - ✔✔In a manner
conducive to an agreement
how should you handle the suppliers cost response to a proposal - ✔✔evaluate
cost responses separately to technical responses
, Identify the missing words in the following sentence: "will the contract
document I am using be ____ and provide my company with the protection it
needs?" - ✔✔sufficient to describe the transition completely
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? - ✔✔build awareness
In a price analysis, which of these terms will have the greatest bearing on cost? -
✔✔warranty performance
In a turnkey contract, who or what is directly managed by the customer? -
✔✔the turnkey contractor
In considering the impact of the contract change, what should team members
document and report - ✔✔Whether there is an impact on other terms
in cost identifications, the allocation of cost to business units will normally
_________ - ✔✔represent an arbitrary decision
In designing a best practice change control and management system, what
should be taken into account - ✔✔Whether it is easy to find, access and monitor
in the bidding process, what process will help you to chose between suppliers,
once two or three suppliers have been short listed - ✔✔BAFO
1,3,4 - ✔✔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
a consortium agreement usually requires which of the following? 1.) joint and
several liability 2.) responsibility for own scope 3.) responsibility for others
scope - ✔✔1, 2, and 3
A very complex project may require a more segmented approach to evaluation.
This is called a..? - ✔✔Two cycle evaluation
Above what value does the uniform commercial code in the USA require
contracts to be in writing? - ✔✔US $500
best practice corporations will do which of the following? 1.) ensure a healthy
overlap between legal terms and financial terms during negotiation - ✔✔1 only
bidders will ask questions about your request for proposal. which of the below
is best practice in responding to them - ✔✔maintain confidentiality buy not
advising bidders who asked what question
Both 1 and 2 - ✔✔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.
,Build awareness - ✔✔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?
emerging practice identifies post-signature contract management as being a
framework for what? - ✔✔delivering effective contract outcomes
For a turnkey contract to be successful it must __________? - ✔✔describe in
detail the responsibilities of both parties
How can a commercial contracts professional best manage the emergence and
crisis stage of negotiation? - ✔✔test, understanding, and summarize views
How do best practice negotiators approach different negotiation styles? -
✔✔asses which style is appropriate and use all confidently
how does European Union law (EU) address the principle of exclusive territory
of a distributor - ✔✔you may be in violation of the law if it is only granted for
one EU country
How may a contract expire? - ✔✔Automatically
How should the negotiating environment be established? - ✔✔In a manner
conducive to an agreement
how should you handle the suppliers cost response to a proposal - ✔✔evaluate
cost responses separately to technical responses
, Identify the missing words in the following sentence: "will the contract
document I am using be ____ and provide my company with the protection it
needs?" - ✔✔sufficient to describe the transition completely
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? - ✔✔build awareness
In a price analysis, which of these terms will have the greatest bearing on cost? -
✔✔warranty performance
In a turnkey contract, who or what is directly managed by the customer? -
✔✔the turnkey contractor
In considering the impact of the contract change, what should team members
document and report - ✔✔Whether there is an impact on other terms
in cost identifications, the allocation of cost to business units will normally
_________ - ✔✔represent an arbitrary decision
In designing a best practice change control and management system, what
should be taken into account - ✔✔Whether it is easy to find, access and monitor
in the bidding process, what process will help you to chose between suppliers,
once two or three suppliers have been short listed - ✔✔BAFO
