NCMA CCMA Study Guide Certified Contract Management Associate Questions and 100% CORRECT ANSWERS LATEST 2024 VERSION
3 views 0 purchase
Course
NCMA
Institution
NCMA
NCMA CCMA Study Guide Certified Contract Management Associate Questions and 100% CORRECT ANSWERS LATEST 2024 VERSION
The actions of a contract manager to develop solicitations, develop offers, form contracts, perform contracts, and close contracts. - ANSWER Contract Management
The autho...
NCMA CCMA Study Guide
Certified Contract Management
Associate Questions and 100%
A
CORRECT ANSWERS LATEST
VI
2024 VERSION
TU
IS
The actions of a contract manager to develop solicitations, develop offers, form
contracts, perform contracts, and close contracts. - ANSWER Contract Management
M
The authorized representative or agent for a contracting party. - ANSWER Contract
Manager
O
A mutually binding legal relationship obligating the seller to furnish supplies or services
and the buyer to provide consideration in exchange for them. - ANSWER Contract
A
The execution of the terms of a contract. - ANSWER Contract performance
N
For contract management, these principles apply to all contract managers in all phases
of the contract life cycle. - ANSWER Guiding Principles
JP
The phases of a contract: pre-award, award, and post-award. - ANSWER Contract
Life Cycle Phases
The areas within a contract life cycle phase that produce significant contract
management outcomes. - ANSWER 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. - ANSWER
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. - ANSWER Job Tasks
The process of managing contracts throughout the contract life cycle while ensuring
customer satisfaction. - ANSWER Contract Management
A
Negotiations, changes, requirement interpretations, deliverables, contract terms and
VI
conditions, and risk management are actions of who? - ANSWER Contract Manager
The contracted party with the requirement for goods and/or services to be fulfilled by
TU
one or more sellers. - ANSWER Buyer
The contracted party tasked with fulfilling the buyer's requirement for goods and/or
services. - ANSWER Seller
IS
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. - ANSWER Plan Solicitation
M
The process of implementing the solicitation plan by soliciting responses from sellers in
O
order to fulfill a customer need. - ANSWER Request Offers
The process of describing all the elements of the customer requirements (technical,
A
business, regulatory, etc.) to the sellers. - ANSWER Develop Solicitation
N
The organization's ability to execute the sales plan as it assembles an offer to win
business. - ANSWER Prepare Offer
JP
The process of Determining reasonable cost and pricing, Conducting negotiations,
Selecting the source, and Managing disagreements. - ANSWER 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. - ANSWER Price Analysis
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller JPNAOMISTUVIA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
