NCCM Program Certification Exam
Study Set Exam 100% Correct!
Leadership in Contract Management - ANSWERLeadership in contract management can be through
formal or informal means. Regardless of the Contract Manager's organizational position, however,
the Contract Manager is held responsible for structuring and producing integrated, high-quality
products that will drive behavior and performance to achieve organizational goals and objectives.
"Leadership" competency is based on the cumulative effect of _______, _________, ________, and
________. - ANSWERcompetence, character, collaboration, and vision.
To effectively lead others and to interact with stakeholders, the contract leader must be
________________ in contract management - ANSWERtechnically proficient
Resisting Forces to Competence - ANSWER• Ineffective Delegation.
•Unproductive Habits.
Overreliance on Personal Knowledge.
Poor Time Management.
Character fortifies __________ ________ and _________ fortifies leadership character. -
ANSWERleadership competence; competence
Collaboration is important because it is a means of filling _____________ and ____________ gaps. -
ANSWERknowledge; performance
A successful leader performs well based on ____________ ___________ and the ability to convert
__________ into viable results. - ANSWERacquired knowledge; knowledge
the exchange of information for mutual benefit. - ANSWERNetworking
the elements of networking and includes altering activities - ANSWERCoordinating
the elements of coordinating, and it includes sharing resources and a common purpose. -
ANSWERCooperation
the elements of cooperation, and it includes enhancing the competence of others -
ANSWERCollaboration
being able to see the possibilities of a better future, and guiding others on getting there -
ANSWERvision
vision is required when developing a plan to _______ and _________ behavior to achieve contract
performance and mission success - ANSWERproduce; drive
____________ are processes of accomplishment, and ______________accomplishment requires
systems thinking— i.e., a change of behavior and habits, and understanding why the changes are
being made. - ANSWERGoals; Goal
, SMART Goals - ANSWERSpecific, Measurable, Achievable, Results-focused, and Timebound.
the basic functions used to enhance individual competence and organizational capacity while
accomplishing the organization's contract management goals. - ANSWERManagement competency
The value of ______________ _____________ is to become focused on preparing and aligning the
workforce and other resources to accomplish team and organizational goals. - ANSWERmanagement
knowledge
management - ANSWERIt is the skillful blending of resources such as people, funds, equipment, and
time to successfully accomplish a goal. One of the most important elements in an organization's
success is the quality of its management.
The four commonly accepted functions associated with management - ANSWER1) Planning, 2)
Organizing, 3) Directing, and 4) Controlling.
Organizing - ANSWERconsists of allocating resources to meet goals identified during the planning
process. Such resources typically include personnel, financial assets, and the property necessary to
meet the organization's mission.
the management of people and processes to accomplish objectives. It is the manager's responsibility
to ensure employees are performing their functions in accordance with expectations. Performances
and the accomplishments of the team and organizational objectives measures the effectiveness of a
manager. - ANSWERDirecting
Controlling - ANSWERinvolves monitoring and evaluating how well the team and organizational
objectives are pursued and accomplished. Organizational performance measurement and feedback
are crucial to making mid-course corrections for Contract Managers to perform effectively.
the way an organization collects, organizes, and records financial information for making
management decisions. - ANSWERAccounting
concerned with making decisions with scarce resources such as labor, capital, goods, and natural
resources - ANSWEREconomics
A comprehensive approach to risk management should appropriately address the "4 Ps" of success -
ANSWERpeople, processes, performance, and price.
Uncertainty and risk in contract management arise from five main sources: - ANSWERLack of buyer
understanding of requirements, 2. Shortcomings of language and differing interpretations, 3.
Behavior of the parties, 4. Haste, and 5. Deception
In order for a contract to be valid, it must contain four essential elements - ANSWERDemonstration
of mutual agreement through (1) an offer and (2) acceptance, (3) Consideration (i.e., something of
value—typically money), and (4) Intent to create a legal relationship.
the process used for collecting and analyzing information about the entire market available to satisfy
the minimum agency needs to arrive at the most suitable approach to acquiring, distributing, and
supporting supplies and services - ANSWERMarket research
Ethics - ANSWER"the discipline dealing with what is good and bad and with moral duty and
obligation"and 2) a set of moral principles: a theory or system of moral values.
