Font size
WorksheetsProject Procurement Management
Total questions: 10
Worksheet time: 7mins
This type of contract is often used for required services when the work cannot be specified clearly, and total costs cannot be estimated in a contract.
Time and material (T&M) contracts
Fixed-price or lump-sum contracts
.Cost-reimbursable contracts
cost plus fixed fee (CPFF) contracts
_
(a) means acquiring goods and services from an outside source.
The buyer pays the supplier for allowable performance costs plus an award fee based on the satisfaction of subjective performance criteria.
cost plus percentage of costs (CPPC) contract
cost plus award fee (CPAF) contract
cost plus incentive fee (CPIF) contract
cost plus fixed fee (CPFF) contract
A (a) is a document prepared by a seller when there are different approaches for meeting buyer needs.
It involves managing relationships with sellers, monitoring contract performance, and making changes as needed
Planning procurement management
Closing procurements
Conducting procurements
Controlling procurements
(a) is acquiring goods and services for a project from outside the performing organization.
it is a general management technique used to determine whether an organization should make a product or perform a service inside the organization or buy it from someone else.
Market Research
Expert Judgment
Make-or-Buy Analysis
Procurement Management Plan
A type of scope statement that describes the work in sufficient detail to allow prospective suppliers to determine if they can provide the required goods and services and to determine an appropriate price.
contract statement of work
statement of work
request for proposal
planning procurements
In which project procurement management process is an Request for Proposal often written?
selecting sellers
conducting procurements
controlling procurements
planning procurement management
It is a description of the work required for the procurement.
Market Research
Request for Quote
Statement of Work
Expert Judgment
