Question 1

Suppliers are those organizations or individuals who provide procurement services.

Accepted Answer

A) True 
 B)False  True

Question 2

In procurement management, evaluation of any change should include a(n) _____ analysis.

Accepted Answer

impact

Question 3

In unit pricing, the total value of the contract is a function of the quantities needed to complete the work.

Accepted Answer

A) True 
 B)False  True

Question 4

A(n)_____ conference helps ensure that everyone has a clear, common understanding of the buyer's desired products or services.

Accepted Answer

bidders'
s

Question 5

Buyers absorb lesser risk with cost-reimbursable contracts than they do with fixed-price contracts.

Accepted Answer

A) True 
 B)False

Question 6

In project procurement management, which is one of the main outputs of the conducting procurement process?

Accepted Answer

A)  selected seller 
B)  procurement management plan 
C)  procurement statement of work 
D)  closed procurement 
A)  selected seller 
B)  procurement management plan 
C)  procurement statement of work 
D)  closed procurement

Question 7

The main sections of an RFP can include the statement of work and schedule information.

Accepted Answer

A) True 
 B)False

Question 8

A(n) _____ is a contract clause that allows the buyer or supplier to end the contract.

Accepted Answer

The answer of  A(n) _____ is a contract clause that...

Question 9

What are the four types of cost-reimbursable contracts? Briefly describe each type.

Accepted Answer

The four types of cost-reimbursable cont

Question 10

How is a statement of work (SOW) different from a contract statement of work? What are some of the requirements for creating a contract SOW?

Accepted Answer

The statement of work (SOW) is a descrip

Question 11

_____ are oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order.

Accepted Answer

Constructi

Question 12

In project procurement management, which is an output of the planning process?

Accepted Answer

A)  change requests 
B)  selected sellers 
C)  resource calendars 
D)  make-or-buy decisions 
A)  change requests 
B)  selected sellers 
C)  resource calendars 
D)  make-or-buy decisions

Question 13

Outputs of the _____ process consist of selected sellers and change requests.

Accepted Answer

A)  closing procurements 
B)  conducting procurements 
C)  planning procurement management 
D)  controlling procurements 
A)  closing procurements 
B)  conducting procurements 
C)  planning procurement management 
D)  controlling procurements

Question 14

The fee in a CPFF contract constantly varies even when the scope of a contract remains the same.

Accepted Answer

A) True 
 B)False

Question 15

Which process of project procurement management involves managing relationships with sellers, monitoring contract performance, making changes as needed, and closing contracts?

Accepted Answer

A)  negotiating procurements 
B)  settling contracts 
C)  deciding on the services to procure 
D)  controlling procurements 
A)  negotiating procurements 
B)  settling contracts 
C)  deciding on the services to procure 
D)  controlling procurements

Question 16

What is one drawback of outsourcing?

Accepted Answer

A)  it does not provide access to specific skills or technologies 
B)  it invariably results in an increase in both fixed and recurrent costs 
C)  it can make an organization become overly dependent on particular suppliers. 
D)  it cannot increase accountability of suppliers through a written contract 
A)  it does not provide access to specific skills or technologies 
B)  it invariably results in an increase in both fixed and recurrent costs 
C)  it can make an organization become overly dependent on particular suppliers. 
D)  it cannot increase accountability of suppliers through a written contract

Question 17

A(n) _____ is also known as a tender or quote, short for quotation.

Accepted Answer

The answer of  A(n) _____ is also known as a...

Question 18

A(n) _____ contract has the least amount of risk for the buyer.

Accepted Answer

firm-fixed

Question 19

All procurement documents should be in _____ form in order to facilitate accurate and complete responses from prospective sellers.

Accepted Answer

The answer of  All procurement documents should be in _____...

Question 20

Tools used in contract closure include procurement audits, _____, and a records management system.

Accepted Answer

negotiated

Suppliers are those organizations or individuals who provide procurement services.

In procurement management, evaluation of any change should include a(n) _____ analysis.

In unit pricing, the total value of the contract is a function of the quantities needed to complete the work.

A(n)_____ conference helps ensure that everyone has a clear, common understanding of the buyer's desired products or services.

Buyers absorb lesser risk with cost-reimbursable contracts than they do with fixed-price contracts.

In project procurement management, which is one of the main outputs of the conducting procurement process?

The main sections of an RFP can include the statement of work and schedule information.

A(n) _____ is a contract clause that allows the buyer or supplier to end the contract.

What are the four types of cost-reimbursable contracts? Briefly describe each type.

How is a statement of work (SOW) different from a contract statement of work? What are some of the requirements for creating a contract SOW?

_____ are oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order.

In project procurement management, which is an output of the planning process?

Outputs of the _____ process consist of selected sellers and change requests.

The fee in a CPFF contract constantly varies even when the scope of a contract remains the same.

Which process of project procurement management involves managing relationships with sellers, monitoring contract performance, making changes as needed, and closing contracts?

What is one drawback of outsourcing?

A(n) _____ is also known as a tender or quote, short for quotation.

A(n) _____ contract has the least amount of risk for the buyer.

All procurement documents should be in _____ form in order to facilitate accurate and complete responses from prospective sellers.

Tools used in contract closure include procurement audits, _____, and a records management system.

Introduction to Project Management

The Project Management Information Technology Context

The Project Management Process Groups

Project Integration Management

Project Scope Management

Project Schedule Management

Project Cost Management

Project Quality Management

Project Resource Management

Project Communications Management

Project Risk Management

Project Stakeholder Management

Filters

Exam 12: Project Procurement Management

Suppliers are those organizations or individuals who provide procurement services.

In procurement management, evaluation of any change should include a(n) _____ analysis.

In unit pricing, the total value of the contract is a function of the quantities needed to complete the work.

A(n)_____ conference helps ensure that everyone has a clear, common understanding of the buyer's desired products or services.

Buyers absorb lesser risk with cost-reimbursable contracts than they do with fixed-price contracts.

In project procurement management, which is one of the main outputs of the conducting procurement process?

The main sections of an RFP can include the statement of work and schedule information.

A(n) _____ is a contract clause that allows the buyer or supplier to end the contract.

What are the four types of cost-reimbursable contracts? Briefly describe each type.

How is a statement of work (SOW) different from a contract statement of work? What are some of the requirements for creating a contract SOW?

_____ are oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order.

In project procurement management, which is an output of the planning process?

Outputs of the _____ process consist of selected sellers and change requests.

The fee in a CPFF contract constantly varies even when the scope of a contract remains the same.

Which process of project procurement management involves managing relationships with sellers, monitoring contract performance, making changes as needed, and closing contracts?

What is one drawback of outsourcing?

A(n) _____ is also known as a tender or quote, short for quotation.

A(n) _____ contract has the least amount of risk for the buyer.

All procurement documents should be in _____ form in order to facilitate accurate and complete responses from prospective sellers.

Tools used in contract closure include procurement audits, _____, and a records management system.

Introduction to Project Management

The Project Management Information Technology Context

The Project Management Process Groups

Project Integration Management

Project Scope Management

Project Schedule Management

Project Cost Management

Project Quality Management

Project Resource Management

Project Communications Management

Project Risk Management

Project Stakeholder Management

Filters