CMBOK Training CMS – P1

1. A seller prepares its execution plan, evaluates risks, and identifies pricing strategy before submitting their final offer. What process is this?

2. A buyer identifies gaps in the supplier market, analyzes product availability, and assesses industry trends before drafting requirements. In which process does this scenario occur?

3. Which of the following is one of the essential elements required for a valid contract?

4. A seller develops its internal cross-functional team to respond to a buyer’s request and secures a pre-sales budget. Which process is being executed?

5. A team performs inspections, measures contract compliance, resolves quality issues, and prepares for formal acceptance. Which process is being used?

6. A contract manager monitors funding, tracks performance reports, manages key personnel changes, and updates the risk register during contract execution. What process is this?

7. In the definition of a “contract manager,” which role is emphasized the most?

8. A contract manager performs subcontract audits, handles flow-down clause issues, and ensures subcontractor compliance. In which process does this scenario occur?

9. Which option best defines “contract performance”?

10. Which of the following is considered a “general feature” of a contract?

11. A buyer formally selects the successful seller, documents the basis for award, and issues the contract. Which process does this belong to?

12. The project is nearly complete. The contract manager verifies delivery, resolves final disputes, closes out subcontracts, settles payments, and compiles lessons learned. What process is this?

13. Which option best describes the difference between the “contract management discipline” and the “contract management profession”?

14. A negotiation team agrees to document changes to the offer, finalizes the negotiation plan, and prepares BATNA strategies. Which process step is being executed?

15. A buyer issues clarifications to an offeror, conducts deficiency analysis, and evaluates risk management strategies of each proposal. Which lifecycle phase is this?