PMP Exam Preparation - Ch 9 and 12 -Resource and Procurement

1. The project manager has met with the team, and they are currently deciding whether they should develop internal software to meet the needs of the project sponsor or purchase external commercial software. What process are they currently engaged in?

• A. Plan Procurement Management
• B. Conduct Procurement
• C. Control Procurement
• D. Make or Buy Analysis

2. The project manager has negotiated a fixed-price contract with a steel supplier. The contract is for 4 years. The seller has requested that the cost be increased by 4% every year due to inflation and fuel costs. What type of contract should the project manager use?

• A. Firm Fixed Price
• B. Fixed Price Incentive
• C. Fixed Price Economic Price Adjustment
• D. Cost Plus Fixed Fee

3. As the project manager is getting ready to send out the request for proposals for the project, he contacts the PMO for a list of properly vetted sellers. What is the name of this list?

• A. Qualified Seller List
• B. Pre-qualified Seller list
• C. Pre-approved selelr list
• D. Approved seller list

4. The project manager and the team have come up with a few different criteria they will use when selecting a seller. The criteria include costs, qualifications, licenses, and financial stability of the seller. What best describes these criteria?

• A. Procurement Documents

• B. Agreement

• C. Request for Proposal

• D. Source Selection Criteria

5. While working on the office renovation project, the project manager has received multiple bids from different vendors. What the project manager thought would be a cost-effective contract turned out to be very expensive. The project manager then hires a professional estimator to determine what the contract should cost. What is the project manager looking for?

• A. Outside estimate

• B. Building Cost estimate

• C. Independent Cost Estimate

• D. PMO

6. Two project team members have had frequent clashes, which have at times resulted in shouting matches during teammeetings. The project manager has intervened, asked them to resolve their differences, and even facilitated a meetingbetween them, but things have gotten worse. The project manager is concerned that the situation is negatively affecting teamcohesion and is placing the successful completion of the project at risk.

What should the project manager do next?

• A. Use formal procedures including disciplinary actions

• B. Allow the team members to resolve their differences on their own

• C. Facilitate another meeting between the two team members

• D. Request that the other project team members intercede as a form of peer pressure

7. Late in a project, a key team member leaves the company. The project manager realizes that he does not have enough teammembers to meet the hard deadline. At a weekly status meeting, the project manager discusses several options with hisproject team, including authorizing additional overtime, hiring subcontractors, or bringing in additional resources from anotherproject team within the company.

Which resource management technique does the project manager use?

• A. Cost-benefit analysis

• B. Alternatives analysis

• C. Problem solving

• D. Interpersonal skills

8. You are midway into an agile phase of a predictively managed project. You have just been notified by the company's CEOthat, due to a growing pandemic, all non-essential personnel will be required to work remotely, including your projectteam. However, the resource management plan mandates the use of physical colocation to enhance communication andcollaboration.

What is your best course of action?

• A. Request a change to the resource management plan to incorporate the use of virtual tools to replicate<br />colocation in a remote environment

• B. Examine virtual team member needs, investigate alternatives, and implement options for virtual team member<br />engagement

• C. Submit a change request to update the project management plan to migrate the project management<br />approach from hybrid to predictive

• D. Put the project on hold until the pandemic is over and then bring the team back on-site to comply with the<br />resource management plan

9. A project manager schedules a meeting for the scrum project team to reflect and adapt.

What will the participants be most likely doing at this meeting?

• A. Demonstrating the product increment to the customer

• B. Selecting user stories for the next sprint

• C. Discussing the on-going work and impediments to progress

• D. Looking for any improvements to the team's process

10. You are managing a virtual project team across multiple time zones. As the project progresses, the team members learn totrust one another and adjust their work routines to accommodate the different time zones, work habits, and culture.

What stage of team development is being demonstrated in this situation?

• A.Forming

• B. Storming

• C. Performing

• D. Norming