CFCM Contract Management Exam Study Guide & Practice Questions 2013: Building your Federal contract management exam readiness

In the new CFCM exam syllabus, General Business Knowledge is no longer tested. HOWERVER, taking into account the fact that knowledge on the general business environment would help a lot in your exam study effort (even though the …

In the new CFCM exam syllabus, General Business Knowledge is no longer tested. HOWERVER, taking into account the fact that knowledge on the general business environment would help a lot in your exam study effort (even though the GB module is no longer required), GB related materials are retained in this study guide. For CFCM, FAR is definitely the focus. Still, knowledge on commercial acquisition and contract is essential as it forms the foundation of modern contract management. You should therefore go through the sections on business procurement and commercial contracting in addition to studying FAR. As of the time of this writing, the CFCM exam has 150 questions. The 110 question format is no longer in use. In this study product we have both contracting-specific and business knowledge sections. We label those business knowledge sections as “Foundation Knowledge” sections. These sections have information that is not on the technical aspect of contracting but is still relevant for day-to-day contract admin works. For the Federal contract exam contents, keep in mind that special emphasis has always been placed on FAR Parts 12 and 15. Part 4 primarily deals with the policies and procedures relating to the administrative aspects of contract administration, such as execution, contractor submitted paper documents, distribution, reporting, retention and files. The Sept 2012 FAR revisions have been included in this edition.

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