CFCM - Exam Prep - NCMA Rio Grande Chapter Study Group
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Transcript CFCM - Exam Prep - NCMA Rio Grande Chapter Study Group
Certified Federal Contracts
Manager
EXAM PREP COURSE – 2014 SESSION
FEBRUARY 18, 2014
CFCM Requirements
A Bachelor’s Degree or higher from an accredited
university1
One year of experience
80 Hours of continuing professional education2
Successfully passing the CFCM exam
Subscribe to the Contract Management Code of Ethics
1. Ten years experience may be considered in lieu of a degree.
2. CPE credits are awarded for this prep class 1 credit per 50 minutes
Study Group
This group will assist in preparing you for the CFCM
exam
Question. Have you registered for the exam
Application form is online
Application fee is $150 for NCMA Member or $275 for nonmember
Once application is approved – register for test
Online exam – Kryterion = $95.00
Paper exam – Through chapter = $50 Member - $90 non-member
What is a Contract Manager
Government usage
Contracting Officer (senior)
Procurement Specialist/Buyer
Commercial use
Contract Manager (senior)
Contract Administrator
Federal Contracts Management
Guided by extensive set of laws and regulations
Code of Federal Regulations (CFR)
Federal Acquisition Regulation
Departmental Supplements (e.g., DFAR)
Departmental policy
Case Law
Other policy/guidance
GAO
OMB
Federal Contracts Management
Our challenge
To know and apply the governing law and regulations to
specific actions
To conduct business on a professional basis
Ethical
Courteous / Polite
As a CFCM
You will be designated a professional
Similar in nature to a CPA or a PMP
You will be considered an authority
Many companies tie salary to certification levels
5 – 10% premium for CFCM
Duty to mentor
You and others have invested in your certification – pay it
forward.
Study Group Rules
Our assumptions
You are here to prepare for the CFCM exam
You meet the general eligibility requirement for a CFCM
certificate (less the test)
You have a working knowledge of the FAR through work
experience, FAR study group, or other means.
You have the CFCM study guide
This is your group – you will run it
You will be here each week ready to participate in
discussion.
Study Group Resources
CFCM Study Guide
On-Line access to the FAR
Other resources
Desktop Guide to Basic Contracting Terms
Contract Management Body of Knowledge*
Practice exams*
Proposed Schedule
Feb 18 – Organization & Overview
Feb 25– Part 1A (to Page 18)
March 4 – Part 1B
March 11 - Parts 2 & 3
March 18 – Part 4 and 5A (to page 72)
March 25 – Remainder of Part 5
April 1 – Part 6
April 7 – Mock Exam