CPCM Practice Exam - Certified Professional Contracts Manager

Introduction of NCMA CPCM Exam!

The NCMA CPCM Exam is a comprehensive exam that tests a candidate's knowledge of the principles and practices of contract management. It covers topics such as contract law, negotiation, risk management, and cost/price analysis. The exam is administered by the National Contract Management Association (NCMA) and is designed to assess the competency of contract management professionals.

What is the Duration of NCMA CPCM Exam?

The duration of the NCMA CPCM exam is three hours.

What are the Number of Questions Asked in NCMA CPCM Exam?

There are a total of 200 questions on the NCMA CPCM exam.

What is the Passing Score for NCMA CPCM Exam?

The passing score required for the NCMA CPCM exam is 500 out of 800.

What is the Competency Level required for NCMA CPCM Exam?

The National Contract Management Association (NCMA) requires a minimum of three years of experience in contract management. The NCMA also requires that applicants have a bachelor's degree or equivalent education, and have completed a minimum of 40 hours of formal contract management education or training.

What is the Question Format of NCMA CPCM Exam?

The NCMA CPCM exam contains multiple-choice questions.

How Can You Take NCMA CPCM Exam?

The NCMA CPCM exam is offered in both online and in-person formats. The online version of the exam is administered through the NCMA's online testing platform and requires a computer with an internet connection. The in-person exam is administered at a Pearson VUE testing center. Both versions of the exam have the same content and the same passing score.

What Language NCMA CPCM Exam is Offered?

The NCMA CPCM exam is offered in English only.

What is the Cost of NCMA CPCM Exam?

The NCMA CPCM exam costs $395 for members and $495 for non-members.

What is the Target Audience of NCMA CPCM Exam?

The Target Audience for the NCMA CPCM Exam is mid-level and senior-level government and contractor personnel who are responsible for developing, managing, and/or executing contracts and those who want to demonstrate their expertise in the field.

What is the Average Salary of NCMA CPCM Certified in the Market?

The average salary for a Certified Professional Contracts Manager (CPCM) is $111,000 per year.

Who are the Testing Providers of NCMA CPCM Exam?

The National Contract Management Association (NCMA) is the only organization that provides testing for the Certified Professional Contracts Manager (CPCM) exam. The exam is administered through Pearson VUE testing centers.

What is the Recommended Experience for NCMA CPCM Exam?

The National Contract Management Association (NCMA) recommends that individuals have 3-5 years of contract management experience prior to taking the Certified Professional Contracts Manager (CPCM) exam. The NCMA also recommends that individuals have a minimum of a bachelor's degree in business, law, engineering, or a related field.

What are the Prerequisites of NCMA CPCM Exam?

The prerequisite for the NCMA CPCM exam is that the applicant must have at least five years of professional work experience in the field of contract management, and they must have completed at least 40 hours of formal, professional education in contract management in the past five years.

What is the Expected Retirement Date of NCMA CPCM Exam?

The official NCMA website for the CPCM Exam is https://www.ncmahq.org/certification/cpcm. On this page, you can find information about the exam, including the expected retirement date.

What is the Difficulty Level of NCMA CPCM Exam?

The difficulty level of the NCMA CPCM exam is considered to be moderate. It is designed to test the candidate's knowledge of contract management principles and practices.

What is the Roadmap / Track of NCMA CPCM Exam?

The NCMA CPCM Exam is a certification track/roadmap for professionals who wish to become a Certified Professional Contracts Manager (CPCM). The exam is administered by the National Contract Management Association (NCMA) and is designed to test the knowledge and skills of individuals in the area of contract management. The exam is divided into five sections: Contract Law, Contract Administration, Contract Negotiation, Contract Risk Management, and Contract Cost/Price Analysis. The exam is offered in both online and paper-based formats.

What are the Topics NCMA CPCM Exam Covers?

The NCMA CPCM exam covers five main topics:

1. Contract Management Foundations: This section covers the basics of contract management, including the roles and responsibilities of contract managers, the different types of contracts, and the fundamentals of contract law.

2. Contract Planning and Administration: This section covers the process of planning and administering contracts, including the development of contract strategies, the negotiation of contract terms, and the management of contract performance.

3. Contract Risk Management: This section covers the identification, assessment, and mitigation of contract risks, including the use of insurance and other risk management tools.

4. Contract Compliance and Auditing: This section covers the processes of contract compliance and auditing, including the development of compliance plans and the use of audit techniques.

5. Professionalism and Ethics: This section covers the ethical standards and professional responsibilities of contract managers, including the application of the NCMA Code of Ethics.

What are the Sample Questions of NCMA CPCM Exam?

1. What is the purpose of the Contract Management Plan?
2. What is the best approach to selecting a contract type?
3. Describe the process of developing a Request for Proposal (RFP).
4. What are the key elements of a contract?
5. How can a contract manager ensure compliance with contractual obligations?
6. What is the purpose of a contract change order?
7. How do you handle contract disputes?
8. What is the role of a contract manager in the negotiation process?
9. What are the differences between a fixed-price and a cost-reimbursement contract?
10. What is the purpose of a performance evaluation system?