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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Post-Award | ~20-25% | - Change Management - Dispute Resolution - Contract Closeout - Performance Monitoring - Contract Administration |
| Topic 2: Award | ~15-20% | - Evaluation Criteria & Process - Contract Formation - Proposal Analysis - Negotiation Principles & Techniques - Award & Notification |
| Topic 3: Project Management | ~5-8% | - Scope & Schedule Management - Resource Management - Quality Assurance |
| Topic 4: Pre-Award | ~20-25% | - Requirements Definition - Market Research & Analysis - Sourcing Strategies - Acquisition Planning - Solicitation Development |
| Topic 5: Finance | ~5-8% | - Cost & Price Analysis - Financial Compliance - Budgeting & Funding |
| Topic 6: Contract Administration | ~10-15% | - Documentation & Records - Compliance & Governance - Stakeholder Communication - Risk Management |
| Topic 7: Leadership | ~8-12% | - Team & Relationship Management - Professional Ethics - Strategic Thinking - Decision Making |
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NEW QUESTION # 133
The practice of obtaining goods and services from outside the organization is commonly known as:
Answer: B
NEW QUESTION # 134
Which of the following is Correct?
Answer: A
NEW QUESTION # 135
Under a/an __________ cost system, a company accounts for output by identifying specific physical units.
Answer: B
Explanation:
The correct answer is A (job-order) because, within the NCMA Contract Management Body of Knowledge (CMBOK), a job-order costing system is used when costs are accumulated and assigned to specific, identifiable units or jobs . Each job or contract is treated as a distinct cost object, allowing organizations to track costs individually for each project, product, or service.
In a job-order cost system, costs such as labor, materials, and overhead are directly traced or allocated to a particular job. This approach is especially relevant in contract management environments where work is customized, project-based, or unique , such as construction contracts, consulting services, or specialized manufacturing. By identifying specific physical units or deliverables, contract managers can accurately determine the cost and profitability of each contract.
Option C ( process costing ) is used when products are mass-produced and indistinguishable, with costs averaged across large volumes, not tied to specific units. Option D ( activity-based costing ) allocates costs based on activities but does not focus on identifying individual physical units. Option B ( unit ) is not a standard cost accounting system.
CMBOK emphasizes that selecting the appropriate costing method is essential for accurate pricing, budgeting, and financial control. Job-order costing supports detailed cost tracking and accountability, making it highly suitable for contract-based work where each deliverable must be individually managed and evaluated.
NEW QUESTION # 136
__________ apply(ies) to all potential and current contract managers. The blended and balanced implementation of these competencies will fortify the technical competencies of contract management.
Answer: A
Explanation:
The correct answer is D (Leadership and Management competencies) because, within the NCMA Contract Management Body of Knowledge (CMBOK), these competencies are designed to apply universally to all contract management professionals, regardless of their specific role, experience level, or phase of the contract lifecycle in which they operate. Leadership and management competencies form the foundational behavioral and organizational capabilities that enable contract managers to effectively apply technical skills.
These competencies include areas such as communication, decision-making, problem-solving, teamwork, strategic thinking, and ethical conduct. They are essential for successfully executing responsibilities across all phases-pre-award, award, and post-award-because contract management is not purely technical; it requires coordination with stakeholders, negotiation, performance oversight, and conflict resolution.
The phrase "blended and balanced implementation" highlights that technical competencies alone are insufficient. A contract manager must integrate leadership and management skills to ensure successful outcomes, drive organizational objectives, and maintain strong relationships with internal and external stakeholders.
Option A ( Guiding Principles competencies ) refers to overarching standards like integrity and compliance, but they are not described in CMBOK as the universal competencies strengthening technical skills. Option B refers to lifecycle phases, not competencies. Option C ( Learn competency ) focuses on continuous improvement, but it is not the primary universal competency set described in this context.
Thus, Leadership and Management competencies are critical enablers that strengthen all other areas of contract management.
NEW QUESTION # 137
__________ means the ability to accurately perceive emotions in the moment and understand tendencies across situations.
Answer: D
Explanation:
The correct answer is A (Self-Awareness) because, within the NCMA Contract Management Body of Knowledge (CMBOK), self-awareness is a foundational element of personal competence in emotional intelligence . It refers to the ability to accurately recognize and understand one's own emotions as they occur, as well as to identify patterns and tendencies in emotional responses across different situations.
Self-awareness enables contract managers to assess how their emotions influence their thoughts, behaviors, and decision-making processes. This is particularly important in contract management, where professionals must navigate complex negotiations, resolve conflicts, and maintain professional relationships under pressure.
By understanding their emotional triggers and behavioral tendencies, contract managers can make more informed, rational decisions and avoid reactive or impulsive actions.
Option B ( Self-Management ) involves regulating emotions and behaviors after they are recognized, not perceiving them initially. Option C ( Social Awareness ) focuses on understanding the emotions of others rather than one's own. Option D ( Social Management , often referred to as relationship management) involves managing interactions and relationships.
CMBOK emphasizes that self-awareness is the starting point for all other emotional intelligence competencies
, as it provides the insight necessary to develop self-management and effectively engage with others, ultimately improving leadership effectiveness and contract outcomes.
NEW QUESTION # 138
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