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How to Prepare For CPCM Certification Exam
Preparation Guide for CPCM Certification Exam
CPCM: Tips to survive if you don't have time to read all the page
A Certified Professional Contracts Manager (CPCM) certification indicates that you have met the highest level of NCMA in teaching, training, and experience and that you have revealed your knowledge of contract management skills in the Management Knowledge Body contract. A certified professional contract administrator (CPCM) demonstrates that you know all aspects of contract administration, both in government and in the commercial sphere. To win the CPCM, a candidate must pass and pass the Certified Professional Contracts Manager module exam. Certification is a distinctive sign. It distinguishes the accredited person and his work from other people who practice the same profession. A certified person communicates that he has reached a certain level of competence and undertakes to maintain the highest level of professionalism. The NCMA certification program, in particular, strengthens the orientation of candidates. The certification provides a direct link between the individual in the workplace and the rest of the professional community. This link provides support, advice, and opportunities. Certification increases and strengthens competition in the labor market. Employers also have a level of security regarding the knowledge of a certified person, the application of that knowledge and continuous professional development. A degree or more from a regionally accredited institution. Non-graduated candidates with at least 10 years of experience may attach a letter in writing requesting the exemption from the diploma requirement.
A copy of your transcript. At least five years of professional experience in the field of contract management. Finish the related Work Experience section of the certification application. 120 hours of continuing professional training (EPC) in contracts or business management Copies of documents confirming that you have completed 120 CPE in contracts or business management. Certificates of completion and/or transcription are preferred
What is the duration, language, and format of CPCM Exam
Format: Multiple choices, multiple answers
- Number of Questions: 180
- Length of Examination: 4 hours
- Language: English
- Passing score: 70%
How to study the CPCM Exam
There are two main types of resources for preparation of CPCM certification exams first there are the study guides and books that are detailed and suitable for building knowledge from ground up then there are video tutorials and lectures that can somehow ease the pain of through study and are comparatively less boring for some candidates yet these demand time and concentration from the learner. Smart Candidates who want to build a solid foundation in all exam topics and related technologies usually combine video lectures with study guides to reap the benefits of both but there is one crucial preparation tool as often overlooked by most candidates the practice exams. Practice exams are built to make students comfortable with the real exam environment. Statistics have shown that most students fail not due to that preparation but due to exam anxiety the fear of the unknown. VCE4Plus expert team recommends you to prepare some notes on these topics along with it don't forget to practice CPCM exam dumps which had been written by our expert team, Both these will help you a lot to clear this exam with good marks.
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CPCM Certification Path
A candidate must have:
- 120 hours of continuing professional training
- Five years of professional experience in the field of contract management.
- Diploma from an institution accredited by the Regional Council for Regional Education Accreditation (DEAC) at the baccalaureate level
- Diplomas outside the United States must be evaluated by an independent third party, such as World Education Services or foreign credits.
Reference: https://www.ncmahq.org/Web/Web/Certification/CPCM.aspx?hkey=6936e55e-546b-419f-a0ce-a306d45813db
Versions Can Meet Different Needs
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NCMA CPCM Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Project Management | ~5-8% | - Scope & Schedule Management - Resource Management - Quality Assurance |
| Pre-Award | ~20-25% | - Solicitation Development - Sourcing Strategies - Acquisition Planning - Market Research & Analysis - Requirements Definition |
| Award | ~15-20% | - Contract Formation - Award & Notification - Negotiation Principles & Techniques - Evaluation Criteria & Process - Proposal Analysis |
| Post-Award | ~20-25% | - Performance Monitoring - Contract Closeout - Change Management - Dispute Resolution - Contract Administration |
| Finance | ~5-8% | - Budgeting & Funding - Cost & Price Analysis - Financial Compliance |
| Leadership | ~8-12% | - Team & Relationship Management - Strategic Thinking - Decision Making - Professional Ethics |
| Contract Administration | ~10-15% | - Documentation & Records - Stakeholder Communication - Compliance & Governance - Risk Management |
NCMA Certified Professional Contracts Manager Sample Questions:
__________ is the preferred method of determining a fair and reasonable price if adequate comparative data are available to the buyer.
- A. Cost Analysis
- B. Price Analysis
- C. Catalog Pricing
- D. Negotiation
Correct Answer: B 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Upon receipt of owner-furnished property, the seller is responsible and accountable for the property as prescribed by the terms of the contract. This responsibility and accountability is called __________.
- A. property administration
- B. property control
- C. contract administration
- D. property accountability
Correct Answer: D 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
Scenario 4.0:
The buyer intended to change the pricing structure for a contract for garbage collection services at one of its facilities. Previously, the contract included contract line items priced on a "per-ton" basis, along with overhead line items covering the contractor's variable costs. The buyer intended to issue a solicitation that eliminated the overhead line items, thus requiring all costs to be included in a "price-per-ton" pricing method.
Prior to issuing a solicitation, the buyer conducted market research to determine whether it was customary industry practice to price garbage collection services based on the weight of the garbage collected. This market research included three parts:
* Reviewing refuse contracts at three other locations;
* Posting a notice to potential sellers asking for feedback on the proposed structure, to which the buyer received seven responses-four of which suggested a monthly line-item structure, which would include variable costs and not be on a "per-ton" basis, since these four respondents indicated that a "per-ton" pricing structure was not a "customary commercial practice," and three had no comment about the line-item structure; and
* Obtaining "historical market research" that had been performed during the previous year by personnel at another buyer location, consisting of talking to a sales representative from a waste removal company who indicated that his company used a "per-ton" pricing structure that was a "practical method of pricing for trash removal services." Following this market research, the buyer determined that it was "in the buyer's best interest" to utilize the
"per-ton" approach and that it was a "customary commercial practice."
A solicitation was issued requiring offerors to submit fixed prices on a per-ton basis for several line items, for which the solicitation provided estimated quantities. The buyer removed the line items for overhead costs that had been present in the prior contract for waste removal. Instead, the new solicitation required offerors to submit prices that reflected "all fixed and variable costs" on a per-ton basis and only permitted the seller "to invoice on tonnage collected." The resulting statement of work indicated that the seller was required to provide all items necessary to perform the required services, including personnel, equipment, supplies, facilities, materials, and supervision.
Question:
In this scenario, what type of contract was issued originally by the buyer?
- A. Cost reimbursement, indefinite delivery
- B. Cost-plus-fixed-fee
- C. Fixed price, requirements
- D. Fixed price, indefinite delivery
Correct Answer: C 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
From a marketing perspective, to determine the right price, it is important to understand __________.
- A. competition, products/services, and organized exchange
- B. supply, demand, and competition
- C. costs, target market, and authority to make a purchase
- D. promotion, line of business, and market share
Correct Answer: B 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
__________ is/are extremely influential on any organization and can drive the need to maintain awareness of industry capacity, pricing, standards, and best practices.
- A. Evolving technology
- B. The workforce
- C. Stakeholders
- D. The competitive marketplace
Correct Answer: D 🗳️
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