Certified Professional Contract Manager (CPCM) Practice Exam

Question: 1 / 515

Which of the following defines "acquisition risk"?

The chance of project completion

Risks related to financial procurement

The probability of adverse effects on system performance

Acquisition risk is best defined as the probability of adverse effects on system performance. This concept encompasses various factors that can impact the effectiveness and efficiency of a contract or acquisition, including the potential for technical failures, integration issues, or the suitability of the delivered products or services. By identifying and assessing acquisition risks, contract managers can implement strategies to mitigate them, ensuring that the objectives of the procurement are met and that the overall project is successful.

In the context of acquisition, understanding how these adverse effects can manifest allows for better planning and resource allocation, ultimately contributing to the reliable attainment of desired outcomes. Each of the other options addresses different aspects of risk in procurement but does not encompass the broader implications for system performance that defining it as the probability of adverse effects captures.

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Likelihood of supplier reliability issues

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