PM - Procurement Management
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- 1.With which type of contract is the seller MOST concerned about project scope?
- A.
Fixed price
- B.
Cost plus fixed fee
- C.
Time and material
- D.
Purchase order
- 2.Which of the following activities occurs during Plan Procurements?
- A.
Make-or-buy decisions
- B.
Answering sellers' questions about the bid documents
- C.
Advertising
- D.
Proposal evaluation
- 3.You are executing a project for a client when they contact you to say they are terminating the contract for convenience. Because of this, the project is now in:
- A.
Negotiation
- B.
Execution
- C.
Closure
- D.
Procurement audit
- 4.Which of the following is the BEST thing for a project manager to do in the Conduct Procurements process of procurement management?
- A.
Evaluate risks
- B.
Select a contract type
- C.
Update the project schedule
- D.
Answer sellers' questions about procurement documents
- 5.What is the main purpose of the procurement audit?
- A.
Validate that costs charged to the contract are valid and correct
- B.
Loosely review the project
- C.
Identify the successes to transfer to other procurements
- D.
Acknowledge substantial completion
- 6.A team is in the Plan Procurements process. Which of the following are they working on?
- A.
Proposals received
- B.
Procurement contract award
- C.
Creation of a request for proposal
- D.
Procurement audit
- 7.What is one of the KEY objectives during contract negotiations?
- A.
Obtain a fair and reasonable price
- B.
Negotiate a price under the seller's estimate
- C.
Ensure that all project risks are thoroughly delineated
- D.
Ensure that an effective communications management plan is established
- 8.An example of the contract price in a cost plus fixed fee (CPFF) contract is:
- A.
$10,000 plus fee
- B.
Costs, whatever they are, plus, $10,000 as fee
- C.
$10,000
- D.
$150 per hour
- 9.Source selection criteria are an output of which process?
- A.
Plan quality
- B.
Plan Risk Response
- C.
Plan Procurements
- D.
Estimate Costs
- 10.Close Procurements is different from Close Project or Phase in that Close Procurements:
- A.
Occurs before Close Project or Phase
- B.
Is the only one to involve the customer
- C.
Includes the return of property
- D.
May be done more than once for each contract
Questions: 25 | Attempts: 4608 | Last updated: Jan 24, 2013
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