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CPCM - Certified Professional Contracts Manager(R) (CPCM) - Dump Information

Vendor : Financial
Exam Code : CPCM
Exam Name : Certified Professional Contracts Manager(R) (CPCM)
Questions and Answers : 144 Q & A
Updated On : Click to Check Update
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CPCM Questions and Answers

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  1. Contract administration

  2. Contract formation


Answer: C


QUESTION: 135

Which of the following is the key policy of contract administration?


  1. compliance with contract terms and conditions

  2. effective control of contract changes

  3. effective resolution of claims and disputes

  4. All of the above


Answer: D


QUESTION: 136

Generally, observing and collecting information cover which three categories of concern?


  1. compliance, cost control and schedule control

  2. cost control and schedule control, risk control

  3. compliance, cost control and performance

  4. compliance, change control and risk control


Answer: A


QUESTION: 137

A progress report from many observers, and technical reviews and audits is called:


  1. Direct observation

  2. Indirect observation

  3. Contractual audit

  4. Change observation


Answer: B


QUESTION: 138

Changes are an inevitable part of contracting, because no one can predict the future with perfect accuracy.


  1. True

  2. False


Answer: A


QUESTION: 139

Contract closure by mutual agreement or breach of contract is called contract closeout.


A True

B. False


Answer: B


QUESTION: 140

What refers to verifying that all administrative matters are concluded on a contract that is

otherwise physically complete?


  1. Contract termination

  2. Contract certificate

  3. Contract closeout

  4. Contract execution


Answer: C


QUESTION: 141

Which of the following is the type of termination?


  1. termination for cause

  2. termination by mutual agreement

  3. no-cost settlement

  4. All of the above


Answer: D


QUESTION: 142

Used without normal termination procedures, no-cost settlement can be considered when:


  1. the seller has indicated it will accept it

  2. no buyer property was furnished under the contract

  3. the product or service can be readily obtained elsewhere

  4. All of the above


Answer: D

QUESTION: 143

Supply chain management advocates told buyers that they needed to:


  1. use fewer suppliers vs. many suppliers

  2. negotiate long-term contract vs. short-term contracts

  3. conduct more detailed progress or milestone tracking of suppliers

  4. All of the above


Answer: D


QUESTION: 144

To achieve high performance results year after year, companies must take what action to form successful long-term partnerships?


  1. unleashing corporate buying and selling power

  2. changing buying and selling processes and tools

  3. developing and integrated supply chain

  4. All of the above


Answer: D


Financial CPCM Exam (Certified Professional Contracts Manager(R) (CPCM)) Detailed Information

What is the CPCM?
A Certified Professional Contracts Manager (CPCM) certification demonstrates that you have met NCMA’s highest standards for education, training, and experience, and have demonstrated your knowledge of the contract management competencies in the Contract Management Body of Knowledge. The CPCM is NCMA's senior and most prestigious certification.
Who takes the certification exam?
Contracting professionals who have mastered the majority of the contract management competencies in the Contract Management Body of Knowledge (CMBOK), have extensive business education and training, and a minimum of 5 years of experience.
When can I take the exam?
Individuals who are interested in taking the exam must submit an application to NCMA. Once the application has been processed, reviewed, and approved you will be able to take the exam. Note: If you intend to test at a Kryterion Learning Center do NOT attempt to contact Kryterion prior to receiving approval on your application.
Where do I take the exam?
The CPCM exam is offered at various times each week through Kryterion Learning Centers. There are over 600 national and international testing centers available. NCMA also offers exams at educational conferences―check the events page for the next NCMA conference. NCMA’s local chapters also host exams; check with your chapter or call NCMA to find out if your chapter is hosting an exam this year.
Certified Professional Contracts Manager (CPCM)
The CPCM exam is based on the competencies found in the Contract Management Body of Knowledge (CMBOK). The CFCM and CCCM exams are based on knowledge of the Federal Acquisition Regulation (FAR) and the Uniform Commercial Code (UCC), respectively. All exams are designed to be legally defensible and psychometrically sound.
Certified Professional Contracts Manager (CPCM)
cpcmA Certified Professional Contracts Manager (CPCM) certification demonstrates that you have met NCMA’s highest standards for education, training, and experience, and have demonstrated your knowledge of the contract management competencies in the Contract Management Body of Knowledge.
A certified professional contracts manager (CPCM) shows that you are knowledgeable about all facets of contracts management, both within the government and the commercial arenas. To earn the CPCM, a candidate must take and pass the Certified Professional Contracts Manager module exam.
Certification is a mark of distinction. It sets the credentialed individual and his/her workplace apart from others in the same profession. A certified individual communicates that he or she has attained a certain level of expertise and is committed to maintaining the highest level of professionalism.
NCMA’s certification program, in particular, sharpens candidates’ focus. Certification provides a direct link between the individual in the workplace and the rest of the professional community. This link provides support, guidance, and opportunity.
Certification increases and enhances competition in the labor market. Employers also enjoy a level of assurance with respect to a certified individual’s knowledge, application of that knowledge, and continued professional development.
Module 1: Contract Principles
Module 2: Acquisition Planning/Strategy
Module 3: Contract Administration
Module 4: Specialized Knowledge
Module 5: General Business Knowledge
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