On April 22, 2019, the Board of Standards Review of the American National Standards Institute (ANSI) accredited NCMA’s Contract Management StandardTM (CMS) as an American National Standard (ANS). As the sponsor of ANSI/NCMA ASD 1-2019, NCMA continues to fulfil its vision to, “lead in defining the standards and the body of knowledge for the contract management profession.”
What is a “standard” and why is it needed?
ANSI defines a standard as “[a] document, established by consensus, that provides rules, guidelines, or characteristics for activities or their results.”1 ANSI contends that the common and repeated use of a standard will improve productivity, increase efficiency, and reduce costs.
What is the value of the CMS?
The value of the CMS is that it presents contract management as an integrated, whole-systems design, where processes are intuitive and predictable and where potential problems are predictable and can be mitigated at their most fundamental level.2
The CMS provides the starting point for developing and maintaining the following:
• Contract management work experience practices, policies, and processes;
• Contract management training courses and programs; and
• Contract management college courses and curricula.