Exam (elaborations)
CTCM EXAM QUESTIONS AND ANSWERS
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CTCM EXAM QUESTIONS AND ANSWERS
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CTCM EXAM QUESTIONS AND ANSWERSContract Management - Answers-The entire process from planning through contract
administration
Contract Manager - Answers-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 - Answers-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 - Answers-outline, operate and oversee
outline includes - Answers-• Develop team
• Conduct risk assessment
• Identify the need
Determine procurement method
to operate includes - Answers-• Prepare solicitation
• Copies to CAT/CPA
• Solicit proposals
• Evaluate responses
• award
to oversee refers to and includes the process of: - Answers-• Execute contract
• Monitor performance
• Manage change
• Approve payment
• Contract closeout
The contract management framework process - Answers-Plan - identify objectives &
strategy
Procurement -
Rate & price establishment - ensure provisions are in place that hold contractor
accountable for desired results, seek cost effectiveness
Contract formation -
Contract oversight - monitor & enforce terms of contract
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