Ctcm exam actual exam - Study guides, Class notes & Summaries

CTCM CERTIFICATION EXAM 2024| WITH 300+ ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| A+ GUARANTEED A contract with an initial value of $4 million, with three (3) optional, annual renewals of the same amount. What is the contract value? Include formula for the answer. - CORRECT ANSWER: Initial + Renewals (4) + (4+4+4) = $16 Million A contract with an initial value of $200,000, with two (2) optional, annual renewals of the same amount. What is the contract value? Include the formula in your respon...

CTCM Exam Prep - Feb 2023 EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ What is SPD? - ANSWERStatewide Procurement Division Define Contract Value - ANSWER-The initial value of the contract, plus any amendments, renewals, and extensions for the contract's full existence. What is the contract value for a contract with an initial value of $2 million, with 3 optional annual renewals o...

CTCM CERTIFICATION EXAM 2024 LATEST UPDATED 150 QUESTIONS WITH DETAILED VERIFIED AND 100% CORRECT ANSWERS ACTUAL BRAND-NEW EXAM GRADED A+

CTCM (Cumulative) EXAM QUESTIONS AND ANSWERS. Common Negotiation Philosophies Win-Win, Win-Lose, and Lose-Lose Win-Win Each party has a vested interest in the issue and the relationship; look for mutual gain; does not mean equality of outcome. Win-Lose Issues matter more than relationships Lose-Lose Negotiators do not choose this method, it choses you. Everything is going south. Principled Negotiations People, interests, criteria, options Interests vs Positions Focus on interests, ...

CTCM Exam: Contract Management Questions With 100% Correct Answers. Steps in Contract Management Framework Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight Contract Administrator(CA) vs. Contract Manager(CM) Not the same but very similiar CA - responsible for post award CM - is responsible for all functions of contract mgmt. What are "resources" a contract mgmt plan should have? Executives, CM, CA Procurement Process Need defined: End User: CM and ...

CTCM (Cumulative) EXAM QUESTIONS AND ANSWERS. Common Negotiation Philosophies Win-Win, Win-Lose, and Lose-Lose Win-Win Each party has a vested interest in the issue and the relationship; look for mutual gain; does not mean equality of outcome. Win-Lose Issues matter more than relationships Lose-Lose Negotiators do not choose this method, it choses you. Everything is going south. Principled Negotiations People, interests, criteria, options Interests vs Positions Focus on interests, ...

CTCM EXAM CORRECTLY ANSWERED & GRADED A+ Procurement Method Determination Step 2 of identifying the appropriate procurement method and if applicable issue a solicitation. Procurement Planning Step 1 of defining the business need and establish the procurement objectives. Contract Management 5th step of administer and enforce the terms of the contract. Contract formation and award 4th step ensure that the awarded contract complies with applicable procurement law and contains provisions t...

CTCM EXAM CORRECTLY ANSWERED & GRADED A+ Procurement Method Determination Step 2 of identifying the appropriate procurement method and if applicable issue a solicitation. Procurement Planning Step 1 of defining the business need and establish the procurement objectives. Contract Management 5th step of administer and enforce the terms of the contract. Contract formation and award 4th step ensure that the awarded contract complies with applicable procurement law and contains provisions t...

CTCM (Cumulative) EXAM QUESTIONS AND ANSWERS. Common Negotiation Philosophies Win-Win, Win-Lose, and Lose-Lose Win-Win Each party has a vested interest in the issue and the relationship; look for mutual gain; does not mean equality of outcome. Win-Lose Issues matter more than relationships Lose-Lose Negotiators do not choose this method, it choses you. Everything is going south. Principled Negotiations People, interests, criteria, options Interests vs Positions Focus on interests, ...

CTCM Exam: Contract Management Latest 2023 Rated A+ Steps in Contract Management Framework Plan; Procurement; Contract Formation/Rate/Price Establishment; Contract Oversight Contract Administrator(CA) vs. Contract Manager(CM) Not the same but very similiar CA - responsible for post award CM - is responsible for all functions of contract mgmt. What are "resources" a contract mgmt plan should have? Executives, CM, CA Procurement Process Need defined: End User: CM and Purchaser Procurement Met...