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NCMA CPCM (Certified Professional Contracts Manager) exam is a certification program that is designed for professionals who are involved in managing contracts. CPCM exam is offered by the National Contract Management Association (NCMA), which is a professional organization that is dedicated to promoting the field of contract management. The CPCM Certification is highly respected in the industry and is recognized as a mark of excellence.
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The NCMA CPCM Exam is designed to test the candidate's understanding of various aspects of contract management, including acquisition planning, contract negotiation, contract administration, and contract closeout. CPCM exam is divided into two parts, each containing 110 multiple-choice questions. The first part covers general contract management topics, while the second part is more specific and covers topics such as procurement regulations and contract pricing.
NEW QUESTION # 181
An __________ contract is one in which the contract terms are stated in either written or spoken words and are assented to by both parties.
Answer: C
Explanation:
The correct answer is B (express) because an express contract is defined as a contract in which the terms are explicitly communicated between the parties, either orally or in writing, and both parties clearly agree to those terms. This aligns with foundational contract principles reflected in the NCMA Contract Management Standard and CMBOK, particularly within the contract formation process during the pre-award and award phases.
In an express contract, all essential elements-such as offer, acceptance, and consideration-are clearly articulated, leaving little ambiguity regarding the obligations of each party. This clarity is critical in contract management because it reduces the risk of disputes, enhances enforceability, and supports effective performance management during the post-award phase.
Option A ( quasi contract ) is not a true contract but a legal construct imposed by courts to prevent unjust enrichment when no formal agreement exists. Option C ( implied contract ) is formed through the actions or conduct of the parties rather than explicit words, making it less direct than an express contract. Option D ( unilateral contract ) involves a promise in exchange for performance and does not necessarily require mutual verbal or written agreement at the outset.
Therefore, an express contract best fits the definition provided, as it involves clearly stated terms and mutual assent, which are key principles emphasized in CMBOK contract formation practices.
NEW QUESTION # 182
Realistic expectations go unchallenged, unrealistic expectations go un-communicated.
Answer: B
NEW QUESTION # 183
__________ is the type of project management methodology utilizing short-term sprints to react to changing scope requirements.
Answer: C
Explanation:
The correct answer is A (Agile) because, within modern management practices referenced in the NCMA Contract Management Body of Knowledge (CMBOK), Agile methodology is specifically designed to handle changing requirements through iterative development cycles , commonly referred to as sprints . These short, time-boxed iterations allow teams to continuously deliver incremental value while adapting to evolving customer needs and project conditions.
Agile emphasizes flexibility, collaboration, and rapid feedback, making it particularly effective in environments where requirements are uncertain or subject to frequent change. In contract management, Agile approaches are increasingly relevant in areas such as IT services, software development, and innovation- driven projects, where traditional linear methods may be too rigid.
Option B ( Change Control ) refers to the formal process of managing changes within a project but does not define a methodology based on iterative cycles. Option C ( Earned Value ) is a performance measurement technique, not a project management approach. Option D ( Portfolio Management ) focuses on managing multiple projects at a strategic level rather than executing individual projects.
CMBOK highlights the importance of adapting management approaches to project complexity and uncertainty. Agile supports improved stakeholder engagement, faster issue resolution, and better alignment with evolving requirements, making it a valuable methodology for modern contract management environments.
NEW QUESTION # 184
Procurement planning, solicitation planning, and source selection are all phases of Garrett's contract management model for:
Answer: B
NEW QUESTION # 185
The process of ensuring that each party's performance meets contractual requirements is known as:
Answer: A
NEW QUESTION # 186
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