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CPCM : NCMA Certified Professional Contracts Manager (CPCM) 2025 Exam

Financial CPCM Questions & Answers

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Certified Professional Contracts Manager (CPCM) 2025


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Question: 992


In contract management, ensuring that all stakeholders understand the procurement process contributes to

.


  1. Transparency

  2. Confusion

  3. Ambiguity


    er: A


    nation: Ensuring that all stakeholders understand the procurement process contributes to arency, fostering trust and collaboration.


    ion: 993


    sk analysis technique that evaluates the likelihood and impact of potential risks is known as ---------


    assessment matrix antitative risk analysis alitative risk analysis

    benchmarking er: A

    nation: The risk assessment matrix helps visualize and prioritize risks based on their likelihoo ial impact, aiding in effective risk management.

    Inefficiency Answ

Expla transp


Quest


The ri

-------.


  1. Risk

  2. Qu

  3. Qu

  4. Risk Answ

Expla d and

potent


Question: 994


The ethical principle of requires contract managers to disclose any personal interests that may influence their decisions.


  1. Fairness

  2. Accountability

  3. Objectivity

  4. Integrity

Answer: D


Explanation: Integrity requires contract managers to disclose personal interests that could affect their objectivity and decision-making in contract management.


Question: 995



ect labor costs associated with the project neral administrative expenses

of promotional materials

vel expenses unrelated to project activities er: A

nation: Direct labor costs associated with the project are considered direct costs and can be ed to the contract without requiring further justification, as they directly contribute to contra mance.


ion: 996


contract management, establishing clear ----------- is vital to ensure that all parties understan esponsibilities, and obligations.


formance metrics mmunication channels mpliance measures ms and conditions


er: D

In a cost-reimbursement contract, which of the following types of cost is considered a direct cost and can be allocated to the contract without requiring further justification?


  1. Dir

  2. Ge

  3. Cost

  4. Tra Answ

Expla

allocat ct

perfor


Quest


In sub d their

roles, r


  1. per

  2. co

  3. co

  4. ter Answ

Explanation: Clear terms and conditions define roles and responsibilities, reducing ambiguity and enhancing accountability among subcontractors.


Question: 997


The principle of supply chain management that aims to reduce waste and improve efficiency by optimizing processes is known as ----------------.

  1. Six Sigma

  2. Total Quality Management

  3. Lean manufacturing

  4. Continuous improvement Answer: C


ion: 998


naging contract files, it is important to establish a __________ for document retention that c egal and regulatory requirements.


xible policy bal agreement

ndardized procedure cretionary approach


er: C


nation: A standardized procedure for document retention ensures compliance with legal and tory requirements, protecting the organization from potential liabilities.


ion: 999


oping acquisition strategies requires an understanding of ---------------, which examines the p mic, social, and technological factors affecting the market.

Explanation: Lean manufacturing focuses on minimizing waste and maximizing value in the supply chain, improving overall efficiency and customer satisfaction.


Quest


In ma omplies

with l


  1. Fle

  2. Ver

  3. Sta

  4. Dis Answ

Expla regula


Quest


Devel olitical,

econo


  1. Value chain analysis

  2. SWOT analysis

  3. Porter's Five Forces

  4. PEST analysis Answer: D

Explanation: PEST analysis examines political, economic, social, and technological factors that may influence acquisition strategies, providing a comprehensive market perspective.

Question: 1000


In requirements identification, the method that involves collecting data through direct observation and interaction with stakeholders is referred to as ----------------.


  1. Ethnographic studies

  2. Surveys

  3. Focus groups


    er: A


    nation: Ethnographic studies involve immersive observation of stakeholder behaviors and tions, providing deep insights into needs and requirements.


    ion: 1001


    inciple of __________ requires that all procurement activities are conducted openly and with ism.


    rness nsparency countability egrity


    er: A


    nation: Fairness mandates that procurement activities are conducted openly and without favor ng that all parties are treated equitably.

    Interviews Answ

Expla interac


Quest


The pr out

favorit


  1. Fai

  2. Tra

  3. Ac

  4. Int Answ

Expla itism,

ensuri


Question: 1002


Under what circumstances might a contracting officer deny a contractor's request for data rights to use specific data generated during the performance of a government contract?


  1. If the contractor has a history of poor performance on previous contracts.

  2. If the government believes the data is essential for national security interests.

  3. If the contractor has not met the quality standards set in the contract.

  4. If the data was generated specifically for the government and is not necessary for the contractor's commercial use.

Answer: D


Explanation: Data generated specifically for the government typically remains the property of the government unless the contract specifies otherwise, making it a valid reason for denial of data rights.


Question: 1003


nes. To effectively manage this conflict, which technique should the manager prioritize in th ch?


orce the original timeline to maintain authority miss concerns and focus on project completion pose a compromise without consulting stakeholders

ilitate a collaborative discussion to explore all perspectives er: D

nation: Facilitating a collaborative discussion allows for all perspectives to be heard, fosterin f ownership among stakeholders and increasing the likelihood of reaching a mutually agreea n.


ion: 1004


dling conflicts of interest, a contract manager should prioritize __________ over personal nships or gains.


sonal convenience ndor satisfaction

savings ganizational integrity

In a meeting with stakeholders, a contracts manager is faced with conflicting interests regarding project timeli eir

approa


  1. Enf

  2. Dis

  3. Pro

  4. Fac Answ

Expla g a

sense o ble

solutio


Quest


In han relatio


  1. Per

  2. Ve

  3. Cost

  4. Or


Answer: D


Explanation: Prioritizing organizational integrity is crucial when handling conflicts of interest to ensure ethical decision-making and maintain trust.


Question: 1005

In the pre-award phase, conducting a ---------------- helps ensure that procurement strategies align with organizational goals and objectives.


  1. Market analysis

  2. Needs assessment

  3. Feasibility study

  4. Stakeholder analysis Answer: B

ement strategies are aligned with overarching goals and objectives.


ion: 1006


ct close-out procedures should include a comprehensive review of ---------------, which docu mpletion of all contractual obligations.


formance metrics of the above ntract deliverables

al inspection reports er: B

nation: A thorough review of performance metrics, final inspection reports, and contract rables ensures that all obligations are met before formally closing the contract.


ion: 1007


racts manager is tasked with developing a risk mitigation strategy. Which of the following ies is most effective in reducing the impact of identified risks?

Explanation: A needs assessment identifies the specific requirements of the organization, ensuring that procur


Quest


Contra ments

the co


  1. Per

  2. All

  3. Co

  4. Fin Answ

Expla delive


Quest


A cont strateg


  1. Acceptance

  2. Avoidance

  3. Transference

  4. Exploitation Answer: B

Explanation: Avoidance is the most effective strategy as it seeks to eliminate the risk entirely by changing the project plan or contractual terms, thus preventing any negative impact.

Question: 1008


In managing changes to a contract, the practice of ----------- ensures that all stakeholders understand the implications of modifications before approval.


  1. impact analysis

  2. risk evaluation

    mpliance assessment er: A

    nation: Impact analysis clarifies the consequences of proposed changes, helping stakeholders ed decisions regarding contract modifications.


    ion: 1009


    egotiating rights to __________, contractors must carefully consider the implications of ship and usage in relation to government interests.


    prietary Information hnical Data

    ellectual Property de Secrets


    er: C


    nation: Intellectual Property rights are critical in negotiations, as they dictate ownership and usage impacting both the contractor and government interests significantly.

    performance review

  3. co Answ

Expla make

inform


Quest


When n owner


  1. Pro

  2. Tec

  3. Int

  4. Tra Answ

Expla rights,


Question: 1010


Agents can be classified based on the nature of their authority. The type of agent who has explicit permission to act on behalf of a principal is known as ----------------.


  1. Special agent

  2. General agent

  3. Implied agent

  4. Apparent agent

Answer: A


Explanation: A special agent is authorized to perform specific tasks or functions on behalf of the principal, operating within the limits of that authority.


Question: 1011


iality in procurement processes.


yalty mpetition ectivity recy


er: C


nation: Objectivity is critical in ensuring fairness and impartiality in procurement processes, ghted in the NCMA Code of Ethics.


ion: 1012


fficult negotiation process where both parties seem to have reached an impasse, what decisio technique can the contracts manager apply to facilitate a breakthrough?


Rely on personal intuition to suggest a compromise oid further discussions to prevent escalation

ck rigidly to initial proposals to maintain position

pose a brainstorming session to explore creative solutions


er: D

The NCMA Code of Ethics calls for contract managers to uphold , ensuring fairness and impart


  1. Lo

  2. Co

  3. Obj

  4. Sec Answ

Expla as

highli


Quest


In a di n-

making


A.

  1. Av

  2. Sti

  3. Pro Answ

Explanation: Proposing a brainstorming session encourages both parties to explore creative solutions together, breaking the impasse and fostering collaboration towards a mutually beneficial outcome.


Question: 1013


The documentation of lessons learned should ideally be updated to reflect ongoing project insights.

  1. After significant milestones

  2. At the end of the project

  3. Monthly

  4. Only during audits Answer: A

Explanation: Updating lessons learned documentation after significant milestones ensures that insights are captured in real-time, enhancing future project outcomes.


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