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

CPCM Dumps CPCM Braindumps
CPCM Real Questions CPCM Practice Test CPCM Actual Questions
killexams.com Financial CPCM
Certified Professional Contracts Manager (CPCM) 2025
https://killexams.com/pass4sure/exam-detail/CPCM
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.

User: Tatjana***** I made a quick decision to use killexams.com practice tests as my test partner for the cpcm exam. I was absolutely ecstatic to see the questions on display, as they were almost identical to the questions from killexams.com practice tests. This striking similarity helped me pass with an incredible 97% score in only 65 minutes.

User: Orlyn***** I recently passed my cpcm exam with a score of 100%! To be honest, I never expected to do so well, but Killexams.com turned out to be a gem in exam preparation. I had a good feeling about it, as it seemed to cover all the necessary topics and provided many practice questions. I was pleasantly surprised to find many similar questions on the actual exam. I highly recommend using Killexams for exam preparation.

User: Lena***** I have no doubt in my mind that with Killexams.com, there is no chance that you will not be able to become an cpcm. The team deserves significant praise for a job well done, and I highly recommend their services to anyone preparing for the exam. It has been a tremendous experience using the aid material for cpcm on the Killexams.com website. Great work team!

User: Zhanna***** Questions and Answers and exam simulator were pivotal in my passing the cpcm exam with ease. Their testprep resources allowed me to pinpoint and strengthen my weak areas, significantly improving my understanding of the subject. I am thrilled with my results and wish others the best in their certification pursuits, confident that killexams.com can guide them to success.

User: Sascha***** The Financial CPCM exam was tough due to my limited study time, but Killexams.com’s practice tests and certification guide made it manageable. Their smooth, user-friendly approach allowed me to answer all questions in 80 minutes and score 97%. I am truly grateful for their guidance.

---