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TitleCertified Professional Contracts Manager
About NCMA Certifications
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The National Contract Management Association (NCMA) is a professional body that specializes in contract management and is based in the United States. They offer a range of official certifications in contract management and have over 20,000 members.
Certifications Endorsed by NCMA
The National Contract Management Association offers a total of 4 designations. In particular, they offer the Certified Federal Contract Manager (CFCM) certification which is ideally suited for individuals professionally trained in working with federal government initiatives based on the Federal Acquisition Regulation. Such a certificate ensures that an individual has an excellent grasp of the content outlined in this Federal Acquisition Regulation. In order to gain the certification individuals must take and pass the CFCM exam, which will cost you $125 if you’re located in Canada or the USA. Next, NCMA also offers the Certified Commercial Contract Manager (CCCM) qualification, which is ideally suited for contract managers who specialize in commercial contract management based on the Uniform Commercial Code. All in all, this certification ensures that an individual has an excellent understanding of the Uniform Commercial Code features and functions. Still, in order to earn such a validation, individuals must take and pass the CCCM test that also costs $125 for the USA & Canada residents. Lastly, NCMA offers the Certified Contract Management Associate (CCMA) certificate which is suited ideally for beginner contract management specialists. It ensures that an individual has excellent knowledge of the Contract Management Standard. In order to attain this certification, individuals need to take and clear the NCMA CCMA evaluation that costs as the previous tests. Finally, the last designation offered by NCMA, the Certified Professional Contract Manager (CPCM), will be looked at in detail below.
About NCMA CPCM Validation
The CPCM certification is suited ideally for specialists in the field of contract management trained in both government and commercial types of contract management. All in all, this CPCM certification ensures that an individual has excellent knowledge of the Contract Management Body of Knowledge (CMBOK), which is the quintessential handbook for contract management specialists and students around the globe. It is based on an internationally recognized standard known as the Contract Management Standard so if you master it, you’ll manage to ace the actual CPCM test.
What Are CPCM Exam Details?
In order to gain the CPCM certification individuals have to take and ace the namesake CPCM exam. To be eligible for such an evaluation, individuals must meet 3 criteria. The first of which is that individuals should possess a Bachelor's Degree. Please, note that individuals whose degrees have been obtained from outside the United States will need to have their degree evaluated by an independent third party such as Info Check USA, SpanTran, Scholaro, Credit Eval, or World Education Services. In addition, individuals must also have work experience in the contract management field or any other related field. Thus, a minimum of five years of work experience is required. Lastly, in order to be eligible to take the CPCM exam individuals need to possess a minimum of 120 CPE/CLP hours. If an individual meets the aforementioned criteria, they may proceed with their application to take the official exam. Candidates may apply online via the official NCMA website. The online application must be submitted along with the individual's university/college transcripts, work experience, proof of a minimum of 120 hours of CPE/CLP, and the application fee of $210 for members and $410 for non-members. The vendor will then review the application and inform the candidate if approved within 15 business days. If the individuals are granted approval, they have a period of one year to pass the actual test. To add more, the exam fee comes to a total of $125 in the United States & Canada, and a price of $150 if you sit for this test outside these countries. In all, the CPCM consists of 180 questions plus, as of right now, candidates must obtain a score of 70% or more. However, note the following changes to the exam from the 1st of May, 2021 onwards:
How to Prepare for CPCM & Other NCMA Evaluations
If of all NCMA certificates you’re pursuing the ever-popular CPCM, you need to utilize only quality and best-of-breed materials to showcase your mastery over all the topics tested by the final evaluation. Thus, in the first place, you’d better opt for the Contract Management Body of Knowledge (CMBOK), Sixth Edition. Individuals interested may purchase the hardcopy of this material on the official website of NCMA. Here, the book costs $60 for members and $90 for non-members and covers all the peculiar & precise details necessary for your actual test. To know more, in preparation for the official exam, candidates are recommended by the NCMA to take their 10-week interactive online preparatory course that suits both the certificates, the CPCM and the CFCM. Through such training, you’ll manage to earn 40 CPE/CLP hours and be able to ask your tutor questions directly, and finally, access the class anytime you want. In addition to that, individuals may find practice tests for the three NCMA certificates alike, which are the CPCM, CFCM, and CCCM. So, if you’re keen to practice with those mock tests, then check the vendor’s website and get the particular practice exam questions for $125 in case you’re not an NCMA member and $100 if you are. By and large, accomplishing practice tests will help you get to know the exam structure before the actual validations and have a good command of the topics tested.
The NCMA certifications are excellent qualifications to obtain for specialists in the field of contract management. Whether you opt for the CCMA or CPCM among the rest, it helps you stand out in the midst of other professionals in the sector and will be a great asset in assisting you to achieve your career goals. In addition, acquiring any of the NCMA designations also speaks to your dedication and professionalism regarding your career.
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