EXAM PREP COURSE – 2014 SESSION FEBRUARY 18, 2014 Certified Federal Contracts Manager

CFCM Requirements A Bachelor’s Degree or higher from an accredited university 1 One year of experience 80 Hours of continuing professional education 2 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 non- member  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