CFCM - Exam Prep - NCMA Rio Grande Chapter Study Group

Report
Certified Federal Contracts
Manager
EXAM PREP COURSE – 2014 SESSION
FEBRUARY 18, 2014
CFCM Requirements
 A Bachelor’s Degree or higher from an accredited


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
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


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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

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