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Lightcast Skills Taxonomy

Source Selection

About

Source selection is the process of identifying and evaluating potential sources of information to determine which ones are relevant, credible, and reliable for a specific purpose. It requires specialized skills such as critical thinking, re...

Skills CategoryScience and Research
Skills SubcategoryGeneral Science and Research
Skills TypeSpecialized Skill
Specialized Tags-

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Certified Professional Contracts Manager

Certified Professional Contracts Manager refers to the knowledge and capability required to oversee contract development, negotiation, administration, and compliance within an organization. It is applied in work settings to review terms, assess obligations and risks, coordinate approvals, and support consistent contract performance. The skill also supports the management of contract changes, documentation, and dispute resolution in accordance with organizational and legal requirements.

DAWIA Level 3 refers to advanced proficiency in acquisition related competencies within a structured professional framework. It typically indicates the ability to apply established procedures, evaluate program requirements, and support complex decisions in work settings. In practice, it is used in roles that require oversight of acquisition planning, compliance, and coordination across teams and stakeholders.

Federal Acquisition Regulation refers to the set of rules governing the acquisition process by which federal agencies procure goods and services. This skill encompasses understanding the policies, procedures, and compliance requirements that guide federal contracting activities. Knowledge of Federal Acquisition Regulation is used to ensure adherence to legal standards, promote fair competition, and manage contract performance effectively within government procurement frameworks.

Negotiation Strategies refer to the methods and techniques employed to reach mutually beneficial agreements between parties. This skill encompasses the ability to analyze interests, communicate effectively, and manage conflicts to facilitate productive discussions. Knowledge of Negotiation Strategies is used to navigate various scenarios, such as business deals, conflict resolution, and diplomatic relations, by fostering collaboration and understanding among stakeholders.

Price Analysis refers to the process of evaluating and comparing the prices of products or services to determine their value and market positioning. This skill involves the collection and examination of pricing data, market trends, and competitor pricing strategies to inform decision-making. Price Analysis is used to identify pricing opportunities, optimize pricing strategies, and enhance profitability by ensuring competitive pricing while meeting business objectives.

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Lightcast Skills Taxonomy

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This skill is part of the Lightcast Skills Taxonomy, a library of over 35,000 job related skills. It is the standard used by higher education institutions, public sector organizations and Fortune 500 companies around the globe.

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