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Contract management is the process of managing contract creation, execution, and analysis to maximize operational and financial performance at an organization, all while reducing financial risk. Organizations encounter an ever-increasing amount of pressure to reduce costs and improve company performance.

The Certified Professional Contract Manager (CPCM) certification is a professional designation offered by the National Contract Management Association (NCMA).

<p>Eligibility for the CFCM requires a candidate to have:</p> * A degree from a regionally accredited institution at the bachelor's level, with 24 hours of course work in business management topics, * Two years of experience, and 120 hours of continuing professional education, at least 40 of which are specific to ...

The CMS™ has five purposes: To define and standardize the term “contract management.” To present and define the processes involved in all phases of the contract lifecycle (pre-award, award, and post-award). To develop and perfect contract management practices, policies, and processes.

Professionals with CCCM certification generally work exclusively in the private sector, while those with CFCM or CGC credential primarily deal with government contracts. Individuals with the CPCM designation are qualified to work in either field.

Certified Professional Contract Manager™ For professionals who have mastered the competencies in the Contract Management Body of Knowledge (CMBOK)®. This pinnacle certification is accredited by ANSI National Accreditation Board (ANAB) and based on the internationally recognized Contract Management Standard™.

The seventh edition of the CMBOK is primarily driven by the changes to the Contract Management Standard™ (CMS™). In June 2022, the American National Standards Institute (ANSI) reaffirmed the NCMA CMS™ as an American National Standard (ANS).