WorksheetsChapter 12 Time quiz - Procurement Management 17 Jul 2020
Total questions: 100
Worksheet time: 50mins
Question 1 of 100Question ID: 612386
A vendor did not perform as contracted, so you are withholding payment as stipulated by the contract. The vendor started using foul language and is calling you names. Your team members are furious, and some of them have responded similarly. Even though you are angry as well, you stay calm and handle the situation with respect.
Which of the following have you demonstrated by responding to the situation in this way?
AConducted yourself in a professional manner
BProved to be loyal to the vendor
CProtected team members from the fight
DBoosted team morale
Question 2 of 100Question ID: 612386
Who can terminate a contract on a project?
AEither party before the start of work
BThe buyer before the start of work
CEither party by mutual consent
DEarly termination is not an option
Question 3 of 100Question ID: 612940
The project team has spent a great deal of time reviewing a set of significant changes that a vendor proposed to the specifications of a project deliverable. Everyone eventually agrees that the changes would improve the deliverable without any net effect on the cost.
What should be done next?
AImplement the changes since no additional costs are involved
BIssue a change request to update the procurement management plan
CIssue a change request to update the project management plan
DDeduct the cost of the evaluation process from the vendor's invoice
Question 4 of 100Question ID: 612379
You have begun evaluating sellers' progress in producing project deliverables to see if there have been any reported issues with quality or availability as well as how the schedule and cost are comparing to the agreement with the vendor.
The activities you are performing can best be described by which of the following?
APlan Procurement Management
BConduct Procurements
CPerformance measurements
DPerformance reviews
Question 5 of 100Question ID: 651302
A project requires consultant services. How much and for how long these services are needed is not known. The project needs to procure these services quickly.
Which contract type should be used?
ACost plus fixed fee
BTime and material
CCost plus award fee
DFixed fee with economic price adjustments
Question 6 of 100Question ID: 613708
You as a project manager have outsourced a portion of your work to a vendor with whom neither you nor the sponsor has worked with before. You have a cost-reimbursable contract with the seller. The sponsor, on more than one occasion, has discussed his concerns with you that the seller could easily increase their profits with this type of agreement.
What should you tell the sponsor to decrease his apprehensions?
AYou audit every invoice to ensure the costs are applicable and chargeable to your project.
BYou do not expect any changes to the scope.
CThe seller has the risk with this type of contract.
DWith this type of contract, the seller agrees to a set reimbursement amount, so the final costs to your project are pre-determined.
Question 7 of 100Question ID: 612352
The project manager reviews the issue log at the end of each day. One issue she recorded in the issue log stems from delays in the delivery of material from a contracted supplier. The project manager suspects the procurement process is flawed.
What tool should the project manager use to determine if any adjustments to the procurement process are required?
AInspection
BAudit
CIndependent estimate
DClaims administration
Question 8 of 100Question ID: 613625
A vendor, under a fixed price incentive fee (FPIF) contract, is inquiring about the incentive payment for building the fence for a new ballpark ahead of schedule. As agreed upon in the contract, the vendor was to receive a ten percent bonus if the fencing was delivered before the deadline.
In what process would the payments to the seller be made and monitored?
AControl Procurements
BControl Resources
CControl Costs
DConduct Procurements
Question 9 of 100Question ID: 613776
Due to the length of the project and the volume of concrete involved, inflation is a concern for potential suppliers. You specify that bids be a set price per cubic yard of concrete plus a quarterly adjustment based on the Producer Price Index (PPI).
What is the appropriate type of contract for this situation?
AFirm fixed price (FFP)
BCost plus fixed fee (CPFF)
CFixed price with economic price adjustments (FPEPA)
DFixed price plus inflation adjustment (FPPIA)
Question 10 of 100Question ID: 612539
A project manager closes out the contracts for a project. A review of vendor performance suggests that it would have been beneficial to understand vendor capabilities better before conducting contract negotiations.
What should the project manager do first?
ACapture the information in the lessons learned register
BUpdate the project management plan
CRecommend that the same vendor is never used again
DBegin the Close Project or Phase process
Question 11 of 100Question ID: 651436
Midway into project execution, a buyer has informed the seller that starting the next month, the payments will be released at the beginning, instead of the end, of each month. The seller welcomes the change as it would be beneficial for their company.
What should the seller do?
ADo nothing as the change is beneficial
BProvide the deliverables at the beginning of each month
CUpdate the procurement management plan
DAsk the buyer to issue a change request to the contract
Question 12 of 100Question ID: 613784
A company stores all of its documentation on the corporate computer network. Each project is assigned a directory with folders. A team member has been tasked to send the request for proposal (RFP), source selection criteria, and procurement statement of work (SOW) to potential sellers.
Which folder from the project directory should the team member access to find these documents?
ABid documents
BRequirements documentation
CProcurement documentation
DTest and evaluation documents
Question 13 of 100Question ID: 612050
A vendor notifies you that they will be unable to fulfill the terms of the contract after their manufacturing plant was severely damaged by a tornado. After reviewing the contract, you inform the vendor that they will have to fulfill the agreement or face litigation.
What clause was most likely missing from the contract?
AForce majeure clause
BEscape clause
CArbitration clause
DGold clause
Question 14 of 100Question ID: 613031
A project team is reviewing proposals submitted by several vendors. One project team member suggests selecting the vendor with the lowest cost since the project is over budget. Another project team member is advocating for the vendor with the most expertise since quality is an important factor.
What is the best course of action for the project manager?
AReview the source selection criteria
BSelect the lowest cost vendor
CReview the requirements traceability matrix
DSelect the vendor with the most expertise
Question 15 of 100Question ID: 613043
As part of project procurement activities, the project manager needs to purchase corn for testing a new ethanol production facility. Corn represents the single biggest expense for the project. Due to a crash in the commodities market, the project manager is able to acquire corn at a dramatically lower price than expected.
What is the best course of action for the project manager?
AAllow the project to proceed significantly under budget
BSubmit a change request to update the cost baseline
CUse the savings to acquire additional corn for future projects
DUpdate the work breakdown structure (WBS)
Question 16 of 100Question ID: 612402
You are managing a project to develop a robotic window washing system. Many of the necessary parts of the robotic system will be obtained from third-party vendors. At this point in the project, you have obtained the vendor responses for the electronics required for the robots, selected a vendor, and awarded a contract.
Which of the following should you do next in Project Procurement Management?
AMake-or-buy analysis
BPerformance reviews
CProcurement statement of work (SOW)
DDevelop source selection criteria
Question 17 of 100Question ID: 613779
A project manager is seeking a vendor. In an effort to streamline the seller selection process, the project manager checks the company's organizational process assets for a document that will provide the names of vendors that have already been properly vetted.
What document is the project manager searching for in this situation?
AVendor register
BPreapproved seller lists
CLessons learned register
DStakeholder register
Question 18 of 100Question ID: 612584
You are planning a project, where you need several external contractors to complete the project deliverables. In past projects, internal developers have had disruptive personality conflicts with contractors. Therefore, before making any long-term commitments, you want to ensure that the contractors are a good fit for your corporate culture and work well with the internal team.
What is your best course of action?
ASend potential contractors to team building workshops
BConduct a trial engagement with several potential contractors for initial deliverables
CCover the team charter with the contractors before engaging their services
DOrganize a meet and greet with potential contractors and the development team
Question 19 of 100Question ID: 612588
You are in the planning stage of a large project, which will require contracts with various vendors and suppliers to produce the project's deliverables. With the procurement management plan and make-or-buy analysis complete, you are about to begin the development of a document that will outline the procurement strategy for the project.
Which of the following are you least likely to include in this document?
AProcurement delivery methods
BType of agreements
CResponsibilities of stakeholders
DProcurement phases
Question 20 of 100Question ID: 612782
The project manager is currently closing a procurement with a contractor and has requested the final invoice. The contractor forwarded an invoice for $100,000. However, according to the project manager's calculation and the work delivered by the contractor, the invoice should be no more than $70,000.
What should the project manager do?
APay the contractor $70,000
BTalk to the contractor
CUse alternative dispute resolution (ADR)
DTake the contractor to court
Question 21 of 100Question ID: 612194
The project you are managing has experienced quality issues, which were the fault of one of the suppliers. Much of the rework the supplier has billed for in the final invoice of $17,500 was created by their quality issues; therefore, you arrived at a revised amount of $15,300 to be paid. You sent the payment of $15,300 along with your justification, but the supplier reinvoiced with a balance due of $2,200.
What is your best course of action now?
AContact the legal team about pursuing legal action against the supplier
BIgnore the supplier's second invoice and consider your payment of $15,300 payment in full
CResolve the matter using alternative dispute resolution (ADR)
DNegotiate with the supplier
Question 22 of 100Question ID: 612092
Two qualified vendors have been identified for a project. The requesting organization is capable of performing the work, but it was deemed less cost-effective to do so. During vendor selection, the project manager learns that one vendor already works with a competitor and are restricted by an exclusivity clause. The other vendor is not available during the required timeframe.
What might the project manager have done differently to avoid this situation?
AIncluded the evaluation method in the procurement documents
BObtained an independent cost estimate
CTailored the way the procurement processes were applied
DConducted a make-or-buy analysis
Question 23 of 100Question ID: 613095
A project manager needs to secure a vendor to supply the avionics for a new line of small aircraft. There are only two vendors that are capable of meeting the requirements based on the procurement statement of work, and only one of the vendors has responded to a request for proposal (RFP). The project manager needs to evaluate the vendor’s proposal.
Which procurement document would provide a reasonableness check against the proposal submitted by the vendor?
ABid documents
BProxy estimates
CIndependent cost estimates
DBidder conference
Question 24 of 100Question ID: 613780
In order to procure required materials for a project, your team prepares documents that will be used to solicit information, quotations, and proposals from prospective sellers. The documents are structured to facilitate an accurate and complete response from each prospective seller and to facilitate the evaluation of the responses.
What type of documents is your team creating?
AVendor documents
BSource selection criteria
CBid documents
DTest and evaluation documents
Question 25 of 100Question ID: 612560
You are leading a project in which a vendor appears to be off to a slow start. The vendor insists that they will complete on time, but you are still concerned. It is your first time to work with the vendor, but they are on the project management office (PMO)'s preapproved sellers list.
What is the best way to learn about the past performance history with the vendor?
ALook in the lessons learned register
BReview the risk response plan in the risk register
CCheck with the PMO and see what information they have on the vendor
DDiscuss your concerns with the project sponsor
Question 26 of 100Question ID: 612695
You are leading a large and complex project, which requires various vendors and suppliers to provide project deliverables. One of your vendors contacts you and states that they have just completed their contracted work and would like to know when they will receive final payment.
How might you respond to the vendor's question?
AOnce we have verified that you are on our prequalified seller list
BAfter we provide you with formal written notice that the contract has been completed
CAfter we have approved all of your deliverables
DWhen we perform project closure, we will release final vendor payments
Question 27 of 100Question ID: 613782
A project manager will need to select an architect. The project manager plans to request that each of the candidates provide a detailed proposal including cost estimates, a portfolio of architectural drawings, capability, capacity, delivery dates, and technical experience.
Based on this information, what has the project manager created to evaluate the proposals?
AChange requests
BMake-or-buy decisions
CIndependent cost estimates
DSource selection criteria
Question 28 of 100Question ID: 612559
Several critical parts were chrome plated by a vendor instead of zinc plated as specified in the contract. The vendor states that zinc plating the parts would not offer the required corrosion resistance to meet project requirements and insists on a significant increase in payment for plating the parts in chrome. After long negotiations, the dispute is eventually resolved and the contract is closed out. The project manager is closing the project now.
What is the best way for the project manager to minimize the chance of a similar problem recurring in future projects?
AUpdate the lessons learned register
BEnsure the knowledge gained is archived in the lessons learned repository
CRemove the vendor from the preapproved seller list
DAccept the fact that disputes are inevitable and move on to the next project
Question 29 of 100Question ID: 613550
A project manager is leading a project to install self-service kiosks. After a bidder conference, one of the prospective vendors asks the project manager if a WiFi connection is required to establish connectivity with the kiosks. The project manager realizes that the WiFi is indeed required but was not discussed at the conference nor was it part of the bid documents.
What is the best course of action for the project manager?
AThank the vendor for raising this point and let this vendor know that WiFi access should be delivered
BSend a formal letter to all prospective vendors clarifying that WiFi access is part of the bid
CHold another bidder conference with all prospective vendors to clarify the WiFi requirement
DIgnore the question as no additional clarifications are allowed after the conference has been concluded
Question 30 of 100Question ID: 612903
An organization has a policy that directs to use only prequalified vendors. A project manager finds a logistics company that offers much better prices than its competitors. The project manager wants to add the vendor to the list, but the procedure can take several months due to the rigorous qualification process.
What should the project manager do?
AAdd the new logistics company to the prequalified vendors list and use their services for the project
BWork with the purchasing department to add the new logistics company to the prequalified vendors list
CSelect the new logistics company since their price is the best among all other prequalified vendors
DIgnore the new logistics company since they are not on the prequalified vendors list
Question 31 of 100Question ID: 613642
You are selecting the appropriate contract agreement for your project. The services to be provided will be well-defined. The schedule and price will be agreed up front. You expect that there will be no significant change in the work to be performed. The contract will include criteria that you and the seller agree on that will allow the seller additional earnings for completing the project work early.
What type of contract should you select?
AFirm fixed price (FFP)
BCost plus incentive fee (CPIF)
CCost plus award fee (CPAF)
DFixed price incentive fee (FPIF)
Question 32 of 100Question ID: 612259
A project manager invited several vendors to a pre-bid conference. After a private conversation with one of the vendors who had an inquiry about a new mandatory government requirement, the project manager sent an email to the vendor to address the question. The project manager realizes that the requirement should have been included in the project scope baseline and the statement of work (SOW).
What should the project manager do in this situation?
ANo further action is needed as the vendor's question have been addressed
BUpdate the statement of work and the scope baseline, and communicate the changes to all vendors
CUpdate the statement of work and the scope baseline, and hold another pre-bid conference
DUpdate the SOW, submit a change request to update the scope baseline, and communicate the changes to all vendors
Question 33 of 100Question ID: 613789
As a project manager for a small university, you are currently in the process of selecting a vendor to develop a textbook and other training materials for a new course. Several vendors are interested in bidding on the contract. During a bidder conference, one of the prospective suppliers asks about ownership of the intellectual property that will be created from the project.
Which project document should have this information at this stage of the project?
ASeller proposals
BRequirements documentation
CSource selection criteria
DProcurement contract
Question 34 of 100Question ID: 612617
You are a project manager for an engineering services company, in the process of bidding to work on a solar energy project for a utility company.
What is the first thing you should do to position your company as the best fit for the project?
AAttend the bid conference to learn all you need to know about the utility company's requirements.
BRequest an independent cost estimate to include in your seller response.
CLook for the selection method in the procurement documents of the utility company's bid package.
DRe-use a proposal that won selection by a telecommunications company.
Question 35 of 100Question ID: 612551
A project manager and team are in the process of finalizing all project activities. They have obtained final acceptance and transferred ownership of deliverables, obtained administrative closure, collated lessons learned, archived all project documents, and obtained feedback from relevant stakeholders. Finally, the project manager and team have been released and reassigned to other assignments.
Based on the information provided, what might have been forgotten?
AVerifying that project deliverables conform to the quality management plan
BReviewing and assessing detailed project requirements
CPreparing and sharing the final project report
DConducting benefit analysis with relevant stakeholders
Question 36 of 100Question ID: 612698
You have completed a nine-month project, and you are in the closing stage. The project completed on time and under budget and everyone in your department has congratulated you on your achievement. The vice president of your company heard about the success of your project and wants a summary overview of project performance so that he can talk about your success at the next board meeting.
What should you provide to him?
ALessons learned repository
BProject closure documents
CFinal lessons learned register
DFinal report
Question 37 of 100Question ID: 612202
You are the project manager for a large healthcare organization managing the installation of an electronic medical record (EMR) system. The installation requires a lot of different hardware purchases since this will be the first time an EMR has been used in the organization. You have been working through the procurement process, and you are now in the Control Procurements process.
Which of the following activities will you perform as part of that process?
AClose contracts with sellers
BIdentify potential sellers
CReview sellers' responses
DPerform source selection analysis
Question 38 of 100Question ID: 612318
A vendor on your project missed an important deadline and has not been responsive to quality issues. You want to terminate the contract for cause and find another vendor to finish the work, but you learn that the vendor was paid in full upon delivery of the materials to the job site.
What could have been done differently to prevent the vendor from getting paid prematurely?
AProceeding with claims administration
BUsing a prequalified seller list
CThe use of more appropriate contract terms
DUsing a more appropriate contract type
Question 39 of 100Question ID: 612295
As a project manager, you contracted with another company to develop a smartphone app. The company has demonstrated the completed app, and you have verified that it meets all technical and quality requirements. Overall, you are pleased with the performance of the seller and plan to use them again in the future.
Now that the project deliverables are complete, who is responsible for declaring the formal closure of the procurement contract?
AThe buyer is responsible for closing out the procurement contract.
BThe seller is responsible for closing out the procurement contract.
CBoth buyer and seller are mutually responsible for closing out the contract.
DA procurement contract is considered closed when the deliverables are accepted.
Question 40 of 100Question ID: 651366
The project team is in need of additional resources to complete project work. They want to procure the items while keeping costs under control.
Which of the following should they reference to make their decisions?
ACause-and-effect diagrams
BBasis of estimates
CProject funding requirements
DActual cost
Question 41 of 100Question ID: 613783
To complete the project you are leading, you will need to acquire services from several different vendors. You are concerned that research alone may not provide enough information to develop a procurement strategy without additional input from the potential bidders.
What tool or technique would be most helpful in this situation?
ASource selection analysis
BMeetings
CBidder conferences
DMake-or-buy analysis
Question 42 of 100Question ID: 651408
The project manager is in discussions with vendors about their bids that came in higher than expected. Additionally, according to the vendors' responses, none of them will be able to deliver by the deadline requested. The project manager talks to the sponsor and other key project stakeholders to see if additional funds are needed to cover the extra costs and deliver on schedule.
Which process is the project manager performing?
AControl Costs
BControl Schedule
CAcquire Resources
DConduct Procurements
Question 43 of 100Question ID: 612740
Your enterprise software integration project has just begun execution when your organization acquires a new subsidiary and involves them in the project. The new subsidiary recently finished a similar integration project using a compatible tool. Using the tool may accelerate both your project and the new subsidiary's assimilation into the organization. However, the schedule and cost variances to take this opportunity do not quite meet agreed-upon risk thresholds.
What should you do?
ADo nothing, because the opportunity does not meet your existing stakeholders' risk thresholds as documented in your risk management plan.
BAsk your project sponsor for permission to switch to the tool that has been used by the new subsidiary in their recently completed project.
CSubmit a change request to adjust the risk thresholds that consider the new stakeholders' risk appetite and to update the baselines.
DTrain your team to use the new tool based on the expert judgment of your new subsidiary's integration project team members.
Question 44 of 100Question ID: 613785
You have been hired by the Department of Natural Resources to lead a project for the construction of new facilities at a local park. As the project manager, you are in the process of selecting the various vendors which will be required to complete the work.
In this situation, the use of what tool or technique is most likely to be legally mandated by the government agency?
AAgreements
BRequirements documentation
CAdvertising
DPrequalified seller lists
Question 45 of 100Question ID: 613559
A vendor supplies highly specialized subject matter experts for the project you are leading. The vendor has just informed you that a key resource essential to the development of one of the project’s deliverables will not be available for one month due to unforeseeable circumstances beyond the vendor's control. The contract with the vendor contains a force majeure clause.
What should you do first?
AContact corporate counsel to note the vendor is in breach of contract
BTell the vendor they need to pay damages for lost time while the resource is out
CRevise the resource calendar to reflect resource availability
DInform stakeholders that the project would not be able to deliver on schedule
Question 46 of 100Question ID: 612572
As a project manager, you are finalizing all of the activities related to your current project. As part of this process, you have prepared a report which summarizes the project performance.
What should you do to determine how to disseminate this information to the relevant project stakeholders?
ALook in the final project report
BSend the report to all stakeholders
CReview the project management plan
DRead the stakeholder register
Question 47 of 100Question ID: 612066
A project manager has ongoing issues with a pre-qualified seller who has repeatedly failed to meet quality standards specified in the contract. The seller has also been unresponsive when the project manager has tried to resolve the quality issues. The project manager wants to ensure that this seller will not be considered again for future contracts.
What is the best course of action for the project manager to take in this situation?
ARecommend removing the seller from the prequalified sellers list
BCapture the information in the issue log
CUpdate the project management plan
DConduct a procurement audit
Question 48 of 100Question ID: 612311
As a result of the customer inspection, the project manager realizes that some of the components of the project management plan, such as the cost baseline, schedule baseline, and procurement management plan, should be updated.
What should the project manager do next?
AConduct a procurement audit
BUpdate the components as necessary
CSubmit a change request
DBegin the Close Project or Phase process
Question 49 of 100Question ID: 612959
A domestic vendor that is supplying the most critical component for a project you are leading is acquired by a major foreign conglomerate. The conglomerate has a history of replacing the executive team in the companies they acquire with new people from their corporate office. The only change that affects your project is that invoices are now payable to the conglomerate's corporate office.
Which of the following project artifacts will you least likely need to update?
ACommunications management plan
BSchedule baseline
CProcurement management plan
DRisk register
Question 50 of 100Question ID: 613787
During the vendor selection process, a start-up company has submitted a bid with a significantly lower price than the well-established vendor that you have always used in the past.
If you decide to award the contract to the start-up company, which project document is the most likely to be updated?
ARisk register
BSource selection criteria
CPrequalified seller list
DProcurement statement of work
Question 51 of 100Question ID: 612021
You are leading a project in a small startup company with decentralized purchasing. A supplier informs you that they have excess inventory that can be purchased at a reduced price. You review the project's inventory needs and find that most of the excess inventory offered by the supplier can be used for the project.
What is your best course of action?
ARefer the supplier to the project sponsor for procurement
BNegotiate and sign a procurement contract with the supplier
CRefer the supplier to the procurement department
DRefer the supplier to the project management office (PMO)
Question 52 of 100Question ID: 612335
An accounts payable manager withholds the payment for the rental of a piece of equipment. The rental company claims the money is due in full because the piece of equipment was necessary to fulfill the objectives of the statement of work defined in the contract. Further talks lead nowhere as both parties cannot come to an agreement.
What is the next step for them to take in this situation?
AAttempt alternative dispute resolution
BGo to court
CApproach local government officials
DStart direct negotiations
Question 53 of 100Question ID: 625080
For a project, strict quality specifications must be followed, and all project team members were required to read and sign off on the quality management plan, acknowledging complete understanding of the specifications. The project manager suspects that one or more of the project's primary material vendors is not supplying parts that meet project quality specifications.
What should the project manager do first?
ATell the vendor to replace the parts
BConduct a procurement performance review
CDiscuss the issue with the sponsor
DTerminate the contract with the vendor
Question 54 of 100Question ID: 612133
A vendor is using hexavalent chrome instead of the more environmentally friendly trivalent chrome. You check the contract terms, and there is no stipulation requiring trivalent chrome despite your company policy prohibiting the use of hexavalent chrome.
What was the most likely cause of this issue?
AThe requirements documentation was either incomplete or not incorporated into the contract terms
BThe quality reports failed to capture the problem
CInformation from the requirements traceability matrix was not included in the contract
DA resource calendar was not created in the planning process
Question 55 of 100Question ID: 612020
Your procurement manager has asked you to compare the current schedule and cost performance of the installations against what was promised in the agreement with the vendor.
What comparative process does the procurement manager refer to?
AA performance review
BA procurement statement of work (SOW)
CA procurement improvement plan
DAn audit
Question 56 of 100Question ID: 613793
You are managing a project for a grocery store that is upgrading their retail management system. Your company contracts with a vendor for the supply, installation, and configuration of the point of sale systems. You have met with the seller to inspect the completed installation of the point of sale systems and have found they meet the technical and quality requirements outlined in the contract. The seller has received the final payment.
What should you do next?
APerform a procurement audit
BClose the project
CProvide the seller with formal written notice that the contract has been completed
DIssue a work performance report
Question 57 of 100Question ID: 612486
You are leading a project with some of the deliverables outsourced to a vendor. You have been working closely with your procurement administrator to ensure that all claims, invoices, and final payments have been finalized with the vendor. Terms and conditions of the contract have been met, and all deliverables have been accepted.
What should you do next?
ANotify the vendor that the contract has been completed
BFinalize all activities for the project and release the project team
CConduct the final inspection of the vendor's deliverables
DCarry out a structured review of the procurement process
Question 58 of 100Question ID: 613738
You and your team are meeting to evaluate vendor proposals. One of the team members previously worked with Company A and praised their professionalism and quality. Another team member prefers Company B. Several other team members join the conversation by adding their opinions.
What should you remind the team members to focus on to select a seller?
AProcurement statement of work (SOW)
BBid documents
CSource selection criteria
DProcurement management plan
Question 59 of 100Question ID: 613839
You are managing a project that involves vendors. Midway into project execution, the sponsor hands you a formal letter from the customer informing you that your project has been terminated effective immediately. You are shocked since the project was going well and was forecasted to finish ahead of schedule and under budget.
What should you do first?
AHave your attorney call the customer's attorney
BCall a meeting with the customer
CContinue doing project work until the customer notifies you directly
DClose the contracts with the vendors
Question 60 of 100Question ID: 612616
When estimating resources for your project, you have determined that the company does not have enough developers to complete the required work. You can either hire additional developers as permanent employees or bring temporary contractors. The make-or-buy analysis resulted in a return on investment (ROI) of 25% if the project work is completed by adding permanent employees and an ROI of 20% if you bring in contractors. You decide to bring in the contractors.
Which of the following was the most likely reason for this decision?
ATo avoid expanding permanent employment obligations
BTo reduce the project costs by using less expensive contractors
CTo protect confidential information and intellectual property
DTo complete the project faster by shortening its duration by 5%
Question 61 of 100Question ID: 612005
You are managing a project that is nearing its end and planning to settle all pending claims with the vendors. In one case, you are not satisfied with the delivery of their final product. All conversations with the vendor have ended in an impasse.
What should you do in this situation?
APay the vendor as some products were delivered
BTake the vendor to court
CDiscontinue further meetings with the vendor and hold back payment
DIdentify some form of alternative dispute resolution
Question 62 of 100Question ID: 613786
A project manager evaluates sellers' proposals for the deliverables the company wants to outsource and selects sellers who are in a competitive range for the work required. Since the company considers this work to be complex and bear high value and risk, the project manager submits these sellers to senior management for approval before awarding the contract.
Which of the following would be the most likely result of the project manager's efforts?
APrescribed sellers
BAdvertising
CPrequalified sellers
DAgreements
Question 63 of 100Question ID: 613788
A project manager is in the process of selecting vendors for her project. She wants to ensure that individual vendors do not receive preferential treatment and that everyone has a clear and shared understanding of the procurement.
What tool or technique will best address the project manager's need?
AAdvertising
BPrequalified seller lists
CPre-bid conferences
DProcurement management plan
Question 64 of 100Question ID: 651327
Services per the contract agreement with the vendor were delivered and signed off by the project manager.
What else must the project manager do?
AConduct a procurement audit
BClose the procurement documents
CVerify vendor scope
DNotify customer on services received
Question 65 of 100Question ID: 612948
A key project deliverable has been outsourced to a vendor. The vendor delivered on contract, and the project manager has completed all activities associated with the Control Procurements process.
What should the project manager do next?
APay the vendor's invoice
BApprove the deliverable received from the vendor
CConduct an audit
DMeasure stakeholder satisfaction
Question 66 of 100Question ID: 612482
You recently received an email from a client, which states, "Thanks. We have received the goods you just shipped." You begin to close out the project, send the final invoice to the client, and release all of your staff. As you are preparing to leave for the day, you receive a voicemail from the client stating that the deliverables do not meet the required specifications. This information comes as a shock because you are sure the client has accepted the deliverables.
What should you do now?
ACall the client and tell them that they have accepted the deliverables and should now pay the final invoice
BCall the client to understand why they think the deliverables do not meet the required specifications
CContact the legal department to check the contract and ask them to suggest a course of action
DIgnore the voicemail from the client since their email indicates that they have already accepted the deliverables
Question 67 of 100Question ID: 612429
Due to the complexity of a project, representatives from various departments of your company are invited to participate in seller proposal evaluation including Finance, Real Estate, Engineering, and Sales and Marketing.
Based on this situation, what tool or technique are you using?
AMake-or-buy analysiso
BBidder conferences
CSource selection criteria
DExpert judgment
Question 68 of 100Question ID: 612880
During your project, you had contracted with an electrician to perform the electrical work for constructing an office building. You have completed your project ahead of schedule and under budget. You want to close out this procurement. However, you are unsure where you can find the requirements for the formal procurement closure.
What should you do?
AReview the procurement statement of work
BConsult with the project sponsor
CReview the procurement agreement
DReview closing documents
Question 69 of 100Question ID: 612925
As the deliverables from a vendor are accepted, and the project manager wants to close the contract, a procurement team indicates that the vendor never submitted a final invoice. The project manager contacts the vendor, who apologizes for the delay and promises to submit the final invoice within a week. The project manager is under a lot of pressure to close the project on schedule but knows that it will take two more weeks to process the vendor's final payment.
What is the project manager's best course of action?
AKeep the contract open, but close the project since all deliverables have been accepted
BKeep the contract open until the invoice arrives, pay the invoice, and then close the project
CClose the contract on schedule and pay the vendor later after receiving their invoice
DClose the contract on schedule and notify the vendor that the outstanding invoice will not be paid
Question 70 of 100Question ID: 612084
Where would you look to find what activities should be performed to close out contracts on your project?
AEnterprise environmental factors
BResource management plan
CProject management plan
DProcurement statement of work
Question 71 of 100Question ID: 612405
Nearing the end of the project, while reviewing the final invoices for payment, the project manager notices that one of the sellers performed some change requests that were not approved. After several conversations, the project manager and the seller cannot reach an agreement on compensation for the changes.
How should the project manager resolve this situation?
ABegin court litigation
BEngage a third-party to resolve the dispute
CPay the outstanding invoice
DGet your project team's advice
Question 72 of 100Question ID: 613781
The project has a fixed cost and schedule but has some flexibility in terms of scope. A request for proposal (RFP) is sent to a list of potential sellers. The RFP discloses the intent of the buyer to select the highest-ranking technical proposal within the stated budget. Because the sellers are subject to a cost constraint, they will have to adapt the scope and quality of their offer to that budget.
Which source selection method does the buyer use in this scenario?
ALeast cost
BFixed budget
CQuality and cost-based
DQualifications only
Question 73 of 100Question ID: 651397
The project sponsor is concerned about possible ethics violations between the project and vendors.
What independent review can the sponsor order?
ATeam assessment
BPerformance review
CMonte-Carlo analysis
DProcurement audit
Question 74 of 100Question ID: 612671
You are satisfied with the vendor's deliverables and have sent the vendor the formal written notice that the contract has been completed.
Which of the following would not be updated during this process?
AProcurement file
BRisk report
CSeller performance evaluation documentation
DLessons learned register
Question 75 of 100Question ID: 612196
You are managing a construction project with several contractors involved and want to finalize dates for painters to come on site. You do not recall the planned finish date for the drywall installation, which will need to be completed before painting work can begin.
Where do you find the dates when the drywall contractor is planned to start and complete their activities?
ATerms of reference
BResource breakdown structure
CProject schedule
DRequirements traceability matrix
Question 76 of 100Question ID: 610055
One of your contractors is not performing to the agreed-upon standards. You want to terminate the contract and engage another contractor for the same job. You need to determine the specific legal procedure for the early termination of the contract.
What should you do?
ACheck the procurement management plan
BLook at the scope statement
CReview the risk register
DConsult the contract
Question 77 of 100Question ID: 651418
Your organization has a dedicated procurement department. Per your request, the department prepares the procurement documentation and, during the next week, will request bids from the prospective vendors. You really want XYZ Incorporated to be selected.
What can you say to XYZ Incorporated?
AThey should expect an invitation to bid by next week.
BYou need product-specific information.
CYou can say nothing related to the bid while the bid is being prepared.
DPrice is the deciding factor in vendor selection.
Question 78 of 100Question ID: 612591
A project manager is planning a project to build a new apartment complex on the site of a long-abandoned airport that was closed due to illegal dumping of fuel and oil. The project manager will need to provide a regulatory agency with a detailed explanation of how the cleanup will be performed before a permit can be issued.
What would be the most appropriate bid document to send to potential vendors for the environmental cleanup?
ARequest for information (RFI)
BRequest for advisement (RFA)
CRequest for proposal (RFP)
DRequest for quotation (RFQ)
Question 79 of 100Question ID: 612467
You are assigned to a research and development project as a project manager. Since the scope of the project cannot be well defined, you have used a cost-reimbursable contract with a vendor to produce some of the deliverables for your project. A recent audit has uncovered an expense that appears unrelated to your project has been submitted for payment by the vendor.
What should you do first?
AShare the audit results with the vendor's representative
BProceed with claims administration
CInstruct the accounts payable department to stop all payments to the vendor
DBegin litigation to recover any funds disbursed based on fraudulent invoices
Question 80 of 100Question ID: 613823
In a meeting with your team, you discuss the importance of a process that ensures that both your company and the contractors meet procurement requirements. You explain that this process is key to managing the contract relationship, monitoring contract performance, and making changes and corrections as appropriate.
Which of the following are you describing to the team member?
AProject procurement management
BConduct Procurements
CControl Procurements
DRequest management
Question 81 of 100Question ID: 612488
A project manager is leading a project in which a vendor was engaged under a time and materials contract. During a procurement audit, it was discovered that the vendor had been using ghost employees to inflate the cost of the project artificially. As a result, the vendor was terminated for cause.
Which organizational process asset is updated to ensure the vendor will not be allowed to work on future projects?
AProcurement management plan
BProcurement file
CLessons learned register
DSeller performance evaluation documentation
Question 82 of 100Question ID: 651377
Services are still being billed to the project even though the project manager believes no additional services are required or requested.
What is the best course of action for the project manager to take?
AConfirm that no more services are needed and the procurement agreements are closed
BClose all agreements with all service providers engaged with the project
CForward the service bills to the project management office for further review and approval
DContinue paying the bills until the project is formally closed to avoid claims
Question 83 of 100Question ID: 612048
You are managing a project for a customer with whom you have signed an Intellectual Property (IP) agreement requiring that the component design be unique. When the vendor to whom you outsourced the design makes a delivery, you are surprised to see that it is the same as one that the vendor had delivered to another of your clients. You review your contract with the vendor and realize that it does not include the uniqueness clause that would protect your customer's IP.
Which of the following actions should you take to resolve this situation?
AInclude the vendor in client meetings and make them realize the importance of protecting intellectual property
BUse the contract change control system
CShow the designs to the customer to get approval before beginning the manufacturing of the components
DCancel the contract with the vendor
Question 84 of 100Question ID: 612607
A project manager has just received formal acceptance and final payment from a client for a software development project. The project manager needs to begin preparing the final project report.
Which of the following will be most useful in creating the final report?
AStakeholder register
BCommunications management plan
CProject charter
DClosing report register
Question 85 of 100Question ID: 613825
You are managing a project that is nearing completion. You have asked one of your team members to collect status reports from your six vendors and add them to the lessons learned register and project management information system so that your project team can use these status reports for continuous improvement purposes.
What process are you in?
AManage Communications
BControl Procurements
CConduct Procurements
DClose Procurements
Question 86 of 100Question ID: 612479
You are leading a construction project that involves a vendor. A team member tells you that based on the rough assessment of the vendor's current work in progress, she suspects that the vendor will be unable to complete their work on time. You share your concerns with the vendor, but they claim that they are progressing as planned.
What is your best course of action to ensure a mutual understanding of the work in progress?
AConduct a walkthrough
BPerform an earned value analysis (EVA)
CConduct an audit
DResort to alternative dispute resolution (ADR)
Question 87 of 100Question ID: 613822
You have been tasked to lead a high-priority project that will involve a very large number of stakeholders. Several project team members from various functional units within the organization have been pre-assigned to the project. You are currently working on the processes necessary to acquire goods and services needed from outside the organization.
In which Project Management Knowledge Area are you currently involved?
AConduct Procurements
BProject Procurement Management
CControl Procurements
DProject Stakeholder Management
Question 88 of 100Question ID: 612096
A project manager has completed a project. A couple of months later, a vendor contacts the project manager stating that their invoice has not been paid and is past due, but the project manager believes that all invoices from the project have been paid and the procurements have been closed out.
What should the project manager do next?
ATell the vendor that all invoices have been paid since the procurements have been closed
BCheck with the accounts payable department to see if anyone remembers paying the invoice
CCheck the records in the procurement documentation
DProceed with claims administration to resolve the dispute
AConduct Procurements
BProject Procurement Management
CControl Procurements
DProject Stakeholder Management
Question 89 of 100Question ID: 613243
A project to design and develop a new prototype medical device will require several vendors to develop the subcomponents. As you review the responses to the RFP, you realize that all the vendors plan to re-use your competitors' designs. This "re-use" is unacceptable for your company.
What is your best course of action?
ASelect a vendor based on the source selection criteria as specified by the approved project management plan
BAdd the intellectual property clause to the requirements documentation and ask the vendors to resubmit their proposals
CSelect a vendor based on the source selection criteria and then add the intellectual property clause to the contract
DNotify the legal department about the breach of contract and initiate alternative dispute resolution to settle the conflict
Question 90 of 100Question ID: 651387
You are conducting the source selection analysis for a project that will procure services from a vendor. Since the value of the procurement is relatively small, you have decided that a full selection process does not make sense.
With three prospective vendors listed as pre-approved sellers, what is the best course of action?
AUtilize a sole source for the procurement
BUse a firm fixed price contract
CEstablish a qualifications only selection method
DConduct a bidder conference
Question 91 of 100Question ID: 612585
A project manager is working on a plan for how the project team will acquire goods and services from outside of the organization for an infrastructure development project. The project manager is seeking guidance on what type of contracts can be used on the project.
What is the best course of action for the project manager?
AReview the procurement management plan
BCheck the lessons learned repository
CSearch for the information on the Internet
DResearch the organizational process assets
Question 92 of 100Question ID: 610050
A buyer has subcontracted a critical component of their product and wants to ensure strict oversight over its development and manufacturing. To address this need, it has been suggested to carry out periodic performance reviews.
During which project management process will the buyer conduct these reviews?
AConduct Procurements
BControl Procurements
CControl Scope
DPlan Procurement Management
Question 93 of 100Question ID: 651331
Three prospective vendors were selected and underwent high-level preliminary technical evaluations. Vendor X scored slightly higher than vendors Y and Z. Nevertheless, the top procurement manager in the company requests the project manager to select vendor Y over vendor X due to past experience, reliability scores, and contract dealings. These criteria were not included in the preliminary evaluations but specified in the procurement management plan.
What is the project manager's best response?
AFollow the expert judgment of the procurement manager
BSelect vendor Z to avoid conflict of interest
CHold a bidder conference with vendors X and Y
DSelect vendor X based on technical criteria
Question 94 of 100Question ID: 613209
Per organizational policy, vendors should be selected by an evaluation committee. The project manager schedules a meeting to discuss the proposals submitted by prospective vendors but, based on past experience, is concerned that the committee members may have preconceived opinions about which vendor should be selected based on personal preferences and relationships.
What is the best course of action for the project manager to select a vendor?
ARemove vendors' identifying information from their proposals and let the committee evaluate the proposals against the source selection criteria
BHold the meeting as scheduled and let the committee evaluate the vendors' proposals against the source selection criteria
CEscalate the issue to the project sponsor since preconceived opinions of the committee members are outside the control of the project manager
DCancel the meeting to avoid bias and select the vendor based on the merits of the proposals and the source selection criteria
Question 95 of 100Question ID: 625083
A project manager has rejected a defective lot of A-frames. The contract with the vendor states that payment must be made upon delivery and does not explicitly contain a clause dictating whether payments should be released or held back in such instances. However, the project manager firmly believes that if she does not hold back the payment for the shipment of this particular lot, the vendor will not take timely corrective actions for further shipments.
What should the project manager do?
AHold back the payment
BRelease the payment
CTerminate the contract
DRelease a partial payment
Question 96 of 100Question ID: 612107
A system delivered by a vendor on your project does not perform as specified. Your boss has instructed the procurement department to withhold the payment. The vendor has filed a claim for non-payment.
What should you do first?
AAttempt to negotiate a resolution with the vendor
BDo nothing as the system is not fit for use
CResort to alternative dispute resolution (ADR)
DContact the legal department to file suit for damages
Question 97 of 100Question ID: 612462
A project requires the use of various contractors to complete the project deliverables, and you have scheduled a bidder conference as part of the procurement process.
Which of the following values is best represented by holding a bidder conference?
AResponsibility
BHonesty
CRespect
DFairness
Question 98 of 100Question ID: 613778
While planning the vendor selection process, you and your team are conducting market research by examining the industry and specific seller capabilities. Your project team leverages information gained at conferences, online reviews, and various other sources to identify market capabilities.
What tool or technique are you using for this process?
ARequirements documentation
BData gathering
CVendor differential analysis
DMake-or-buy analysis
Question 99 of 100Question ID: 613790
The vendor selection process is underway for a natural gas pipeline project. The project manager has received numerous proposals in response to a request for proposal (RFP). He wants to ensure that the submitted proposals are complete and meet the requirements as specified in the procurement documentation provided to the prospective vendors.
What tool or technique should the project manager use in this situation?
AData analysis
BPerformance reviews
CAudits
DInspection
Question 100 of 100Question ID: 612718
A project manager is in the process of conducting procurements for a large infrastructure development project, which involves multiple contractors from various countries.
How might the project manager reduce problems and claims during execution?
AAvoid using bidder conferences due to international travel expenses
BUse internationally recognized standard contract forms
CUtilize a preapproved seller list
DAuthorize the CCB to handle claims administration
