Cpcm final exam - Study guides, Class notes & Summaries

CPCM Exam 1 with Latest Questions and Answers Constraint ANSWER The state, quality, or sense of being restricted to a given course of action or interaction; an applicable restriction or limitation, either internal or external, to the project that will affect the performance of the project or a process. Contingency ANSWER Something that may happen: an event that might occur in the future, especially a problem, emergency or expense that might arise unexpectedly and therefore must be prepared...

CPCM Final Exam (questions and answers) 2024 Data Sharing: (Can share Competitive Data with Retailers & Vendor partners can share it with me) Data Considerations: (Need to understand which measures are additive) Trends Analysis: (Can compare Quarterly data to understand Seasonality and Annual data for overall Trends) Data Significance: (Need to confirm if # of Buyers is large enough) - CORRECT ANSWER-Panel Data guidelines % of Buyers in a particular Demographic Group - CORRECT ANSWE...

CPCM Wk 7 - Award & Post Award (Practice Exam) 2024 Who makes the final decision on a contractor claim? -Answer-The contracting officer Which of the following is not a requirement of a claim for a specific amount of money? - Answer-That the claim be certified ( 6.1.7 Resolve Requests for Equitable Adjustment (REAs) and Claims) Which of the following is a typical way that buying contract managers involve themselves in the quality assurance process? -Answer-Clearly and concisely documenting...

CMKG CPCM Exams 2024 final for actual exam D. Cannibalization - CORRECT ANSWER-A Retailer introduces a new item in Category A that causes Category B buyers to switch their purchases from Category A to Category B. What is this an example of? A. Brand extension B. Incremental contribution C. Product Line extension D. Cannibalization True (space planning) - CORRECT ANSWER-True or false? When you're completing an assortment and space planning project, it's best to import the item lev...

CPCM Practice Exam final study set of questions and answers 2024 What best reflects the relationship between the leader and vision? - CORRECT ANSWER-Leader + Vision = Results which is the following are the recommended basic types of feedback? - CORRECT ANSWER-Corrective, confirmatory, motivating Decribes a leader who is developing new leaders? - CORRECT ANSWER-Focuses on individual strengths Want to be succeeded Develop the top 20% Treat their leaders as individuals for impact Gi...

NCMA CPCM Vocabulary - Contract Management Body of Knowledge (CMBOK) Exam 2024 Acceptance criteria -Answer-Those criteria, usually stated in a contract and/or SOW that includes deliverables, performance requirements and essential conditions, which must be met to complete project deliverables and be accepted Agile -Answer-A project management methodology utilizing short-term sprints to react to changing scope requirements Baseline -Answer-The original plan (for a project, a work package, ...

CPCM 1.5 Contract Structures Exam 2024 with correct Answers Fixed price -Answer-A type (family) of contract providing for a firm pricing arrangement established by the parties at the time of contracting. This family of contracts includes firm fixed price, fixed price with economic price adjustment, fixed price incentive, fixed price redetermination (prospective and retroactive), firm fixed price level of effort, and fixed price award fee. Firm-fixed-price contract -Answer-Provides for a p...

CPCM Wk 7 - Award & Post Award (Practice Exam) 2024 Who makes the final decision on a contractor claim? -Answer-The contracting officer Which of the following is not a requirement of a claim for a specific amount of money? - Answer-That the claim be certified ( 6.1.7 Resolve Requests for Equitable Adjustment (REAs) and Claims) Which of the following is a typical way that buying contract managers involve themselves in the quality assurance process? -Answer-Clearly and concisely documenting...

A buyer that sends its personnel to a work site to visually check on progress is doing what? o Direct observation o Indirect observation o Fact-finding o Post-production testing correct answer: 6.1.5 Observe and Monitor Performance A fixed sum or formula that the contract provides as a remedy for partial or full breach of the contract is called what? o Liquidated damages o Expectation damages o Reliance damages o Punitive damages correct answer: 5.4.1.2 Commercial Contract Disputes ...

CPCM 1.5 Contract Structures Exam 2024 with correct Answers Fixed price -Answer-A type (family) of contract providing for a firm pricing arrangement established by the parties at the time of contracting. This family of contracts includes firm fixed price, fixed price with economic price adjustment, fixed price incentive, fixed price redetermination (prospective and retroactive), firm fixed price level of effort, and fixed price award fee. Firm-fixed-price contract -Answer-Provides for a p...