Exam Code : CPCM
Exam Name : Certified Professional Contracts Manager (CPCM) 2024
Vendor Name :
"Financial"
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Certified Professional Contracts Manager (CPCM) 2024
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Contract administration
Contract formation
Which of the following is the key policy of contract administration?
compliance with contract terms and conditions
effective control of contract changes
effective resolution of claims and disputes
All of the above
Generally, observing and collecting information cover which three categories of concern?
compliance, cost control and schedule control
cost control and schedule control, risk control
compliance, cost control and performance
compliance, change control and risk control
A progress report from many observers, and technical reviews and audits is called:
Direct observation
Indirect observation
Contractual audit
Change observation
Changes are an inevitable part of contracting, because no one can predict the future with perfect accuracy.
True
False
Contract closure by mutual agreement or breach of contract is called contract closeout.
A True
B. False
What refers to verifying that all administrative matters are concluded on a contract that is
otherwise physically complete?
Contract termination
Contract certificate
Contract closeout
Contract execution
Which of the following is the type of termination?
termination for cause
termination by mutual agreement
no-cost settlement
All of the above
Used without normal termination procedures, no-cost settlement can be considered when:
the seller has indicated it will accept it
no buyer property was furnished under the contract
the product or service can be readily obtained elsewhere
All of the above
Supply chain management advocates told buyers that they needed to:
use fewer suppliers vs. many suppliers
negotiate long-term contract vs. short-term contracts
conduct more detailed progress or milestone tracking of suppliers
All of the above
To achieve high performance results year after year, companies must take what action to form successful long-term partnerships?
unleashing corporate buying and selling power
changing buying and selling processes and tools
developing and integrated supply chain
All of the above