Preview Questions Defense Contract Manager | Role Specific Skill

Question 1: How should a defense contract manager assess the impact of supplier delays in a high-stakes aerospace defense project?

Which action should you take?

Choose only one option

By reducing the number of suppliers to eliminate complexity

By waiting until delays occur and then reactively managing them

By conducting a comprehensive supplier risk assessment and developing contingency plans

By assuming that all suppliers will meet deadlines

Question 2: How do you balance risk and reward when negotiating the terms of a performance-based contract for an aerospace defense contractor?

Which action should you take?

Choose only one option

By assuming that performance standards can be adjusted later if needed

By focusing solely on rewarding contractors for cost savings

By excluding performance metrics to reduce contract complexity

By structuring incentives that reward contractors for exceeding performance targets while limiting penalties for failures

Question 3: How should a defense contract manager handle the negotiation of an escalation clause in a contract involving long-term aerospace supply?

Which action should you take?

Choose only one option

By allowing the contractor to determine escalation terms unilaterally

By ignoring escalation clauses to simplify contract terms

By defining the conditions under which costs may escalate and ensuring that both parties agree to the terms

By setting a fixed price without considering future cost changes

Question 4: What financial analysis tool is most effective for evaluating project cost performance in large-scale aerospace defense contracts?

Which action should you take?

Choose only one option

Break-even analysis

Sensitivity analysis

Return on Investment (ROI) analysis

Earned Value Management (EVM)

Question 5: How should a defense contract manager address cost variances in a project that involves advanced technology development?

Which action should you take?

Choose only one option

By assuming that cost overruns will be covered by the contractor

By performing detailed analysis of the cost overruns and assessing the impact of technological challenges on the budget

By reducing the scope of technology development to avoid cost overruns

By ignoring cost variances and focusing on the schedule

Question 6: How does "Intellectual Property (IP) Rights" negotiation affect defense contract terms, particularly for technology development?

Which action should you take?

Choose only one option

IP rights negotiation is limited to commercial sectors and does not affect defense contracts

IP rights negotiation only applies to defense contractors who develop software

IP rights clauses ensure that the government or contractor retains necessary rights over technologies developed during the project

IP rights negotiation is irrelevant in government defense contracts as the government always owns the IP