NCMA Certified Professional Contract Manager CPCM Exam Practice Test

The risk avoiding buyer wants to minimize the risk of agreeing to a higher price than necessary to cover the buyer's costs plus a reasonable profit.

Who is less likely to change or cancel the contract and therefore represents a lower risk?

Which three types of evaluation standards express values?

Realistic expectations go unchallenged, unrealistic expectations go un-communicated.

Which of the following is NOT the opportunity analysis factor from the buyer's perspective?

Developing a _______________ and the specifications that are usually included in it is one of the most difficult challenges in procurement planning.

The shorter the time allowed developing a ___________, the higher the risk.