5055681
Description
Quiz by Ruben Lopez, updated more than 1 year ago
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Created by Ruben Lopez
about 8 years ago
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Question 1
Question
Which of the following statements about contract termination is FALSE?
Answer
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A Early terminations are handled in the Close Project or Phase process.
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B Contract termination may result from mutual agreement to terminate the contract.
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C Termination conditions should be documented in the contract.
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D Contract termination may result from default of one party.
Question 2
Question
Which of these statements about contracts is FALSE?
Answer
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A A contract is a mutually binding legal agreement.
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B A contract can include change request handling.
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C Contracts are used only for complex procurements.
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D A contract is a legal relationship subject to remedy in the courts.
Question 3
Question
Greg needs a good understanding of planned work to determine project purchases. What document will be the most helpful?
Answer
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A WBS
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B WBS dictionary
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C Project scope statement
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D Procurement management plan
Question 4
Question
An independent estimate used when conducting procurements is sometimes used to:
Answer
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A Establish a budget estimate.
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B Serve as a benchmark of proposed responses.
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C Build an order of magnitude estimate.
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D Confuse prospective sellers.
Question 5
Question
Which of the following is an objective of the Control Procurements process?
Answer
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A Set limitations of liability
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B Assess and invoke penalties
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C Monitor contract performance
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D Issue individual performance reports
Question 6
Question
Which of the following statements about selecting a seller is TRUE?
Answer
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A Project teams should select the lowest cost seller.
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B The selection process should produce one seller for each product.
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C Selection criteria can be limited to price if the item is available from multiple sellers.
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D The project manager selects the sellers.
Question 7
Question
What is a structured review of the seller's progress to deliver project scope and quality, within cost and on schedule?
Answer
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A Inspection
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B Procurement performance review
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C Walkthrough
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D Audit
Question 8
Question
Which of the following terms indicates that the buyer will evaluate the response based on technical factors?
Answer
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A Bid
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B Quote
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C Tender
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D Proposal
Question 9
Question
Inputs to Conduct Procurements include all of the following EXCEPT:
Answer
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A Make-or-buy decisions.
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B Source selection criteria.
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C Procurement documents.
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D Selected sellers list.
Question 10
Question
The Project Procurement Management Knowledge Area includes all of the following processes EXCEPT:
Answer
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A Plan Procurement Management.
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B Control Procurements.
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C Identify Risks.
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D Conduct Procurements.
Question 11
Question
Outputs of the Conduct Procurements process do NOT include:
Answer
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A Selected sellers.
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B Qualified sellers.
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C Agreements
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D Resource calendar.
Question 12
Question
Where can Baird look to find a qualified sellers list?
Answer
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A Yellow pages
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B Project management plan
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C Procurement management plan
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D Organizational process assets
Question 13
Question
Which of the following is a TRUE statement?
Answer
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A T&M contracts are for a fixed amount
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B T&M contracts can be open-ended
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C T&M contracts do not reimburse costs
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D T&M contracts are unilateral
Question 14
Question
Which of the following is NOT an organizational process assets update associated with the Close Procurement process?
Answer
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A Procurement management plan
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B Procurement file as a complete set of indexed contract documentation including the closed contract
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C Deliverable acceptance
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D Lessons learned documentation
Question 15
Question
Which of the following is NOT usually included in a procurement document?
Answer
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A Description of need
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B Response instructions
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C Price
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D Preferred contract type
Question 16
Question
Company policy requires you to advertise contract needs in your local paper. How does this benefit your project?
Answer
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A It can expand the list of potential sellers
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B It speeds up the source selection process
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C It makes it easier to contact vendors
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D It is always a legal requirement
Question 17
Question
CPFF is the abbreviation for:
Answer
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A Cost Plus Fixed Fund.
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B Contract Plus Fixed Fee.
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C Cost Plus Floating Fee.
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D Cost Plus Fixed Fee.
Question 18
Question
Which of the following is NOT a tool or technique used with the Close Procurements process?
Answer
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A Procurement audits
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B Performance reporting
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C Records management system
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D Procurement negotiations
Question 19
Question
Your sponsor wants to know if your contractor has finished a set of deliverables. Where will you find that information?
Answer
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A Procurement management plan
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B Performance reports
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C Approved change requests
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D Contract
Question 20
Question
Which of the following is NOT an input to the Conduct Procurements process?
Answer
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A Source selection criteria
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B Seller proposals
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C Procurement contract award
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D Procurement documents
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