This quiz focuses on Procurement Management within project management, assessing knowledge on contract types, procurement planning, and audit processes. It is designed to enhance understanding of procurement dynamics and decision-making in project environments.
$10,000 plus fee
Costs, whatever they are, plus, $10,000 as fee
$10,000
$150 per hour
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Make-or-buy decisions
Answering sellers' questions about the bid documents
Advertising
Proposal evaluation
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Occurs before Close Project or Phase
Is the only one to involve the customer
Includes the return of property
May be done more than once for each contract
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Negotiation
Execution
Closure
Procurement audit
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Proposals received
Procurement contract award
Creation of a request for proposal
Procurement audit
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Fixed price
Cost plus fixed fee
Time and material
Purchase order
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Obtain a fair and reasonable price
Negotiate a price under the seller's estimate
Ensure that all project risks are thoroughly delineated
Ensure that an effective communications management plan is established
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Evaluate risks
Select a contract type
Update the project schedule
Answer sellers' questions about procurement documents
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Validate that costs charged to the contract are valid and correct
Loosely review the project
Identify the successes to transfer to other procurements
Acknowledge substantial completion
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Quiz Review Timeline (Updated): Mar 22, 2023 +
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