CTCM Practice Test

1.

2 points

The purpose of the __________ process is to produce a charter, which then recognizes the existence of a new project and commits resources to begin it.

Risk Management Planning

Project Initiation

Project Execution

Project Planning

2.

2 points

The following are ways to manage risks except:

Risk Mitigation

Risk Acceptance

Risk Analysis

Risk Avoidance

3.

2 points

Plan, Procurement, Contract Formation and Contract Oversight are which of the following:

None of the above

3 O's Approach to Contract Management

Contract Management Framework

Project Life Cycle

4.

2 points

Contract Advisory Team (CAT) review major contracts of what amount?

Less than $10 million

$10 million or more

Less than $5 million

$5 million or more

5.

2 points

List the 3 primary constraints in order:

Budget/Cost; Schedule/Time; Quality/Technical Score

Budget/Cost; Quality/Technical Score; Budget/Cost

Schedule/Time; Budget/Cost; Quality/Technical Score

Schedule/Time; Quality/Technical Score; Budget/Cost

6.

2 points

Which is NOT a primary activity affecting the success of a project?

Project Planning

Risk Management

Organization Options

Communication

7.

2 points

The Contract Manager oversees and manages the entire process including which of the
following tasks?

Relationship management; Implementing and monitoring vendor performance and assuring contract compliance; Approving payments; Managing contract changes

None of the above

Project planning and budget; Specification development; Review and evaluation of solictation responses, Assuring contract rates/pricing are within budget; Contract award

All of the above

8.

2 points

Forming, Storming, Norming, and Performing are the 4 stages of __________.

Risk Management

Team Development

Project Execution

Performance Reviews

9.

2 points

Risk Assessment includes:

Identifying the risk

Quantifying and analyzing the risk

Limit, lessen, or abolish the risk

All of the above

10.

2 points

What are the 3 O's approach to contract management?

Over think, Optimize, Object

Outline, Operate, Oversee

Overstate, Opportunities, Ordering

Oversight, Overlook, Ogranize

11.

2 points

DIR framework is required for major information projects of _______.

Less than $10 million

$1 million or more

$10 million or more

Less than $1 million

12.

2 points

______________ is defined as how much more budget is required to finish the project if
everything continues at the current level of performance.

Analogous Estimating

Technical Scope

Estimate of Completion

Cost of Quality

13.

2 points

BATNA stands for_________.

Best Active Technique for Non-Disclosure Agremments

Best Answer for Never Asking

Best Analaysis for a Non-Disclosure Amendment

Best Alternative to a Negotiated Agreement

14.

2 points

__________ is an essential element for any valid contract. __________ consists of either a benefit to the promisor or detriment to the promise. It is a present exchange bargained for in return for a promise. It may consis of some right, interest, profit, or benefit that accrues to one party, or alternatively, of some forbearance, loss of responsibility that is undertaken or incurred by the other party.

Agreement

Consideration

Delivery Cost

BATNA

15.

2 points

Analyze, Establish, Formulate, Assess, Define, and Develop are the 6 steps in the __________ Phase.

Planning

Procurement

Negotiation

Initiation

16.

2 points

Initiating, Planning, Executing, Monitoring & Controlling, and Closing are the process groups for which of the following?

Teambuilding

Project Leadership

Project Management

Risk Management

17.

2 points

Which of the following is NOT a primary activity affecting the success of a project?

Risk management

Estimate of completion

Project planning

Communication

18.

2 points

The objectives in Project Initiation should be SMART: Specific, Measureable, ______, Realistic, and Time-bound

Analyzed

Agreeable

Achievable

Accessible

19.

2 points

Which of the following is NOT a cost associated with quality:

Appraisal costs

Preventive costs

Cost reimbursements

Failure costs

20.

2 points

Negotiation Strategy includes which of the following activities:

Determining which party is right and wrong

Focusing on interests and not positions

Manipulating other party's perceptions about the conflict/dispute

Compromising when needed

21.

2 points

Which of the following is a negotiation technique which in your paraphrase- repeating in his/her own words the meaning of the other party's message(s)?

Mutual Discussion

Active Listening

Objective Communication

Active Speaking

22.

2 points

Which is NOT a project objective?

Realistic

Specific

Clarified

Measureable

23.

2 points

The primary purpose of the project closeout is to formalize project completion and ________ to project participants.

review status

disseminate information

evaluate vendor performance

issue final payment

24.

2 points

Negotiations are often used to build _______.

Interests

Awareness

Agreements

Partnerships

25.

2 points

Who assumes the risk for a performance Statement of Work (SOW)?

All Parties

Buyer

Consumer

Vendor

26.

2 points

What type of chart is a common project management tool used to manage projects in relation to units of time?

ROI

BATNA

TPASS

GANTT

27.

2 points

Planning, monitoring contractor performance, payment approval, and change management are all tasks of ________________.

Contract Management

Contract Administration

Contract Initiation

Contract Closeout

28.

2 points

A ___________ is used when employees are involved in a specification development or award determination.

Best Value Consideration

Non Disclosure Statement

Conflict of Interest Statement

Risk Assessment

29.

2 points

A characteristic of a negotiation is a dispute between/among parties inherent in resolving
different/disparate positions and interests- such as ___________.

individual and common factors

visual, auditory, and tactile

wants, needs, must-haves

needs, desires and fears

30.

2 points

Which is a vendor performance monitoring tracking system required for purchases of $25,000 or more?

BATNA

RFP

TPASS

GANTT

31.

2 points

A(n) ____________ is a written agreement where a contractor provides goods or services and the agency pays for such goods and services in accordance with the established price, terms, and conditions.

Negotiation award

Proposal

Contract

Estimate

32.

2 points

A(n) ______ is an unbiased and generally accepted minimum requirement.

objective standard

negotiated alternative

win-win philosphy

bid

33.

2 points

The Contract Administrator oversees contract administration functions, including which of the
following tasks?

Project planning and budget; Specification development; Review and evaluation of solicitation responses; Assuring contract rates/pricing are within budget; Contract award

Relationship management; Implementing and monitoring vendor performance and assuring contract compliance; Approving payments; Managing contract changes

All of the above

None of the above

34.

2 points

Which of the following is a best value consideration?

Estimated Costs

Life Cycle Costs

Procurement Costs

Overall Costs

35.

2 points

Which of the following is NOT an essential clause?

Funding Out Clause

Scope of Work

Dispute Resolution

Order Precedence

36.

2 points

The following are procedures of a change control system except:

Tracks the status of change requests

Manages the impact of the changes

Defines the level of authority needed

Implements changes

37.

2 points

Which of the following is a step in the closeout process?

Verify receipt of deliverables

Evaluate vendor performance

Issue final payment

All of the above

38.

2 points

Which is the correct order of tasks for the Contract Management Framework?

Plan, Rate and Price Establishment, Procurement, Contract Formation, Contract Oversight

Rate and Price Establishment, Plan, Contract Formation, Procurement, Contract Oversight

Plan, Procurement, Rate and Price Establishment, Contract Formation, Contract Oversight

Plan, Procurement, Contract Formation, Rate and Price Establishment, Contract Oversight

39.

2 points

Which of the following is NOT a criteria of a valid contract?

Legal Purpose

Offer

Certainty of Subject Matter

Monitoring

40.

2 points

Which of the following is a task in the Oversee approach to Contract Management?

Solicit Proposals

Identify Need

Conduct Risk Assessment

Manage Change

41.

2 points

During Contract Closeout, a(n) _____________ clause is required if a contract extends beyond a legislative biennium.

Extension

Renewal

Funding Out

None of the above

42.

2 points

Win-Win, Win-Lose, and Lose-Lose are the 3 _________.

Common Negotiation Philosophies

Workshop Objectives

Focus of Interests

Types of Information Exchanges

43.

2 points

What must be done to ensure a contract closeout is complete?

verify all parties met contractual obligations

archive documentation

all payments must be made

none of the above

44.

2 points

Of the common negotiation philosophies, which one does the issues matter more than the relationship?

Win-Lose

Win-Win

Lose-Lose

None of the above

45.

2 points

project's scope statement should include:

Project Justification

Project Deliverables

Project Objectives

All of the above

46.

2 points

Which of the following is NOT a requirement to receive Contract Management Certification?

2 years experience

CPA Texas Government Project Management course

Negotiations in Procurement and Contract Management course

CPA Texas Government Contract Management course

47.

2 points

In Project Management, quality is ultimately judged by:

the project manager

a unbiased third party

the end user

the vendor

48.

2 points

All of the following are phases of a project life cycle except:

Initiation

Operations

Evaluations

Implementations

49.

2 points

Which is an organizational structure in Project Execution?

Functional

Matrix

Projectized

All of the above

50.

2 points

What are the 3 criteria used for identifying the level of risk during Risk Management Planning?

Sensitivity, Signficance, and Susceptibility

Planned Value, Actual Cost, Earned Value

Time, Quality, Budget

None of the above