Certified Contract Management Associate Practice Test

Which of the following are competencies in the Post-Award life cycle phase?

1. Close Out Contract and Manage Subcontracts

2. Manage Disagreements and Administer Contract

3. Protest and Cost Analysis

4. Select Subcontractors and Manage Changes

The correct answer is: Close Out Contract and Manage Subcontracts

The correct answer is centered on the key activities that characterize the Post-Award life cycle phase of contract management, which involves managing the contract after it has been awarded. In this phase, essential tasks include the closeout of contracts and managing subcontracts. Closing out a contract involves completing all aspects of the agreement, ensuring that all terms and obligations have been fulfilled, and formally documenting that the contract has reached its conclusion. This process is crucial to ensure that both parties have met their responsibilities and that there are no outstanding issues. Managing subcontracts is also a vital component, as it requires overseeing the performance of subcontractors and ensuring that they adhere to their agreements within the broader contract. Effective management in this area helps mitigate risks and ensures that the quality and timelines are maintained throughout the contract. Options that include activities such as managing disagreements, administering the contract, handling protests, conducting cost analysis, selecting subcontractors, and managing changes fall outside the primary focus of the Post-Award phase. While these duties are important in different contexts of contract management, they do not specifically define the competencies required in the Post-Award phase, which is distinctly focused on closure and subcontractor management.