NCMA CCMA Study Guide Exam
questions and Answers
The actions of a contract manager to develop solicitations, develop offers,
form contracts, perform contracts, and close contracts. - -Contract
Management
-The authorized representative or agent for a contracting party. - -Contract
Manager
-A mutually binding legal relationship obligating the seller to furnish supplies
or services and the buyer to provide consideration in exchange for them. - -
Contract
-The execution of the terms of a contract. - -Contract performance
-For contract management, these principles apply to all contract managers in
all phases of the contract life cycle. - -Guiding Principles
-The phases of a contract: pre-award, award, and post-award. - -Contract Life
Cycle Phases
-The areas within a contract life cycle phase that produce significant contract
management outcomes. - -Domains
-The processes utilized to produce the expected contract management
outcomes of the domains. These processes involve the ability to perform
multiple job tasks, both simultaneously and sequentially, while achieving
meaningful results. - -Competencies
-The tasks performed on a routine basis by contract managers. Contract
managers systematically process the job tasks to achieve the expected
results of the competencies. - -Job Tasks
-The process of managing contracts throughout the contract life cycle while
ensuring customer satisfaction. - -Contract Management
-Negotiations, changes, requirement interpretations, deliverables, contract
terms and conditions, and risk management are actions of who? - -Contract
Manager
-The contracted party with the requirement for goods and/or services to be
fulfilled by one or more sellers. - -Buyer
, -The contracted party tasked with fulfilling the buyer's requirement for goods
and/or services. - -Seller
-The process by which efforts of all personnel responsible for acquiring goods
or services are coordinated and integrated through a comprehensive plan for
fulfilling the customer need in a timely manner at a reasonable cost. - -Plan
Solicitation
-The process of implementing the solicitation plan by soliciting responses
from sellers in order to fulfill a customer need. - -Request Offers
-The process of describing all the elements of the customer requirements
(technical, business, regulatory, etc.) to the sellers. - -Develop Solicitation
-The organization's ability to execute the sales plan as it assembles an offer
to win business. - -Prepare Offer
-The process of Determining reasonable cost and pricing, Conducting
negotiations, Selecting the source, and Managing disagreements. - -Form
Contract
-The process of examining and evaluating an offeror's proposed price without
evaluation of the separate detailed cost elements and proposed profit of the
offeror's price proposal. - -Price Analysis
-The process of preparing for interaction between the buyer and seller
regarding all aspects of the offer and its terms, and often involves clarifying
requirements and parties requesting changes or consideration of an
alternate approach that may be consistent with the solicitation requirements.
- -Plan Negotiations
-The process of analyzing submitted offers in accordance with the solicitation
evaluation criteria to select the source that has the highest probability of
satisfactory contract performance. - -Select Source
-The process of resolving conflict between potential and actual contracted
parties in order to maintain legal conformity - -Manage Disagreements
-The process of executing contract requirements, managing business
relationships, ensuring quality, and managing changes - -Perform Contract
-The process of Confirming expectations, Maintaining communication
channels, Processing contract documentation, Conducting post-award
performance reviews, and Assessing contract performance. - -Administer
Contract
questions and Answers
The actions of a contract manager to develop solicitations, develop offers,
form contracts, perform contracts, and close contracts. - -Contract
Management
-The authorized representative or agent for a contracting party. - -Contract
Manager
-A mutually binding legal relationship obligating the seller to furnish supplies
or services and the buyer to provide consideration in exchange for them. - -
Contract
-The execution of the terms of a contract. - -Contract performance
-For contract management, these principles apply to all contract managers in
all phases of the contract life cycle. - -Guiding Principles
-The phases of a contract: pre-award, award, and post-award. - -Contract Life
Cycle Phases
-The areas within a contract life cycle phase that produce significant contract
management outcomes. - -Domains
-The processes utilized to produce the expected contract management
outcomes of the domains. These processes involve the ability to perform
multiple job tasks, both simultaneously and sequentially, while achieving
meaningful results. - -Competencies
-The tasks performed on a routine basis by contract managers. Contract
managers systematically process the job tasks to achieve the expected
results of the competencies. - -Job Tasks
-The process of managing contracts throughout the contract life cycle while
ensuring customer satisfaction. - -Contract Management
-Negotiations, changes, requirement interpretations, deliverables, contract
terms and conditions, and risk management are actions of who? - -Contract
Manager
-The contracted party with the requirement for goods and/or services to be
fulfilled by one or more sellers. - -Buyer
, -The contracted party tasked with fulfilling the buyer's requirement for goods
and/or services. - -Seller
-The process by which efforts of all personnel responsible for acquiring goods
or services are coordinated and integrated through a comprehensive plan for
fulfilling the customer need in a timely manner at a reasonable cost. - -Plan
Solicitation
-The process of implementing the solicitation plan by soliciting responses
from sellers in order to fulfill a customer need. - -Request Offers
-The process of describing all the elements of the customer requirements
(technical, business, regulatory, etc.) to the sellers. - -Develop Solicitation
-The organization's ability to execute the sales plan as it assembles an offer
to win business. - -Prepare Offer
-The process of Determining reasonable cost and pricing, Conducting
negotiations, Selecting the source, and Managing disagreements. - -Form
Contract
-The process of examining and evaluating an offeror's proposed price without
evaluation of the separate detailed cost elements and proposed profit of the
offeror's price proposal. - -Price Analysis
-The process of preparing for interaction between the buyer and seller
regarding all aspects of the offer and its terms, and often involves clarifying
requirements and parties requesting changes or consideration of an
alternate approach that may be consistent with the solicitation requirements.
- -Plan Negotiations
-The process of analyzing submitted offers in accordance with the solicitation
evaluation criteria to select the source that has the highest probability of
satisfactory contract performance. - -Select Source
-The process of resolving conflict between potential and actual contracted
parties in order to maintain legal conformity - -Manage Disagreements
-The process of executing contract requirements, managing business
relationships, ensuring quality, and managing changes - -Perform Contract
-The process of Confirming expectations, Maintaining communication
channels, Processing contract documentation, Conducting post-award
performance reviews, and Assessing contract performance. - -Administer
Contract
