Learn and Practice Free Procurement Management Set 1 questions

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Topics that deal with people include:


Option 1: Leading, communicating, and negotiating with others
Option 2: Delegating, motivating, coaching, mentoring, and other subjects related to dealing with people
Option 3: Team building, dealing with conflict, and other subjects dealing with groups
Option 4: Performance appraisal, recruitment, retention, labor relations, health and safety regulations, and other subjects related to administering the human resource function
Option 5: All of the above


A project plan is:


Option 1: A formal, approved document used to guide both project execution and project control.
Option 2: A document issued by senior management that provides the project manager with the authority to apply organizational resources to project activities.
Option 3: A narrative description of products or services to be supplied.
Option 4: A document describing the organizational breakdown structure of the company.
Option 5:


The contract type that represents the lowest risk to the buyer is:


Option 1: CPIF
Option 2: FPI
Option 3: FFP
Option 4: CPFF
Option 5: CPPC


The contract type that represents the greatest risk to the buyer is:


Option 1: CPIF
Option 2: FPI
Option 3: FFP
Option 4: CPFF
Option 5: CPPC


Which is a document used to ask for a price and a method of meeting requirements?


Option 1: IFB
Option 2: RFP
Option 3: RFQ
Option 4: Invitation for negotiation
Option 5: All of the above


Which is a process used in Procurement Management to document product requirements and identify potential sources?


Option 1: Solicitation planning
Option 2: Procurement planning
Option 3: Source selection
Option 4: Contract administration
Option 5: Contract closeout


Meeting with prospective sellers prior to preparation of a proposals is


Option 1: Negotiations
Option 2: Solicitation
Option 3: Bidders' conference
Option 4: Illegal
Option 5: None of the above


A guarantee imposed by law in a sale even though the seller may not make any explicit promises is


Option 1: Solicitation
Option 2: Guarantee
Option 3: Implied warranty
Option 4: Buyer's warranty
Option 5: Caveat


Project Procurement Management includes:


Option 1: Procurement planning
Option 2: Solicitation planning
Option 3: Source selection
Option 4: Solicitation
Option 5: All of the above


Which is not an input to Procurement Planning:


Option 1: Scope statement
Option 2: Contract
Option 3: Product description
Option 4: Market conditions
Option 5: Constraints


The outputs of Contract Administration are correspondence, contract changes, and payment requests.


Option 1: True
Option 2: False
Option 3:
Option 4:
Option 5:


In the PMBOK project procurement management is discussed from the perspective of the _____________ in the project:


Option 1: Owner
Option 2: Buyer
Option 3: Seller
Option 4: Stakeholder and the vendor
Option 5: Supplier


Which of the following is not included in the Procurement Management Plan?


Option 1: What type of contract(s) will be used
Option 2: A detailed list of qualified sellers
Option 3: How procurement will be coordinated with other project aspects
Option 4: Who will prepare independent estimates and when
Option 5: How multiple providers will be managed


Contract close-out contains:


Option 1: Contract documentation
Option 2: Procurement audits
Option 3: Contract file
Option 4: Formal acceptance and closure
Option 5: All of the above


Inputs to contract administration do not include:


Option 1: Contract
Option 2: Change requests
Option 3: Work results
Option 4: Seller invoices
Option 5: Market conditions

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