Questions And Answers Graded A+ 2024.
FAR - correct answer. Federal Acquisition Regulation
FAR must follow - correct answer. 1) commit to fair and open competition
2) ensure responsible use of taxpayer money
3) maintain highest ethical standards
COR general responsibilities - correct answer. 1) acquisition planning
2) market research
3) contract/performance management
COR traits - correct answer. technical expertise and familiarity with all aspects of the
contract
COR specific duties - correct answer. 1) furnish technical direction and monitor
contract performance
2) maintain independent relationship
3) ensure contractors are paid for authorized services/materials only
4) review, accept, and reject deliverables
OFPP - correct answer. Office of Federal Procurement Policy
mission of FAI - correct answer. ensure the development of a federal acquisition
workforce
COR planning purpose - correct answer. 1) validate identified need
2) establish requirements
3) develop elements of the acquisition plan
COR planning responsibilities - correct answer. 1) assist with market research
, 2) define requirments
2 meanings of solicitation - correct answer. 1) process of requesting bids from
potential contractors
2) physical document requesting bids from potential contractors (RFP, RFB, RFQ)
During solicitation, the gov't releases the following to industry - correct answer. 1)
request for proposal (RFP)
2) request for bid (RFB)
3) request for quote (RFQ)
COR evaluation step - correct answer. 1) assessment of proposal using criteria in
RFP, RFB, RFQ
2) evaluate nonprice factors
3) input in the TET summary report
COR award step - correct answer. 1) CO issues execution contract signed by all
parties
2) notify all unsuccessful parties
3) delegation letter and contract docs and forms given to the COR
COR post-award tasks - correct answer. 1) monitor contractor performance
2) receive and approve invoices
3) assure contractor security
4) maintain documentation
5) assist with close-out
how do you know when to function as a COR or a PM? - correct answer. If contract,
then PM. If delegation letter, then COR
internal stakeholder - correct answer. any person, group or org whose interests will be
directly affected by the project
examples of internal stakeholder - correct answer. pm, co, cor, ipt, business sponsors,
senior leadership
external stakeholders - correct answer. benefit indirectly from the project
examples of external stakeholders - correct answer. contractors, legislators,
taxpayers, veterans
IPT - correct answer. integrated product team
when is an IPT needed? - correct answer. projects valued above 7 million or projects
that are complex, carry technical risk, program risk or business risk