PMP Procurement Management

Assess your knowledge level  on Project Procurement  Management by attempting the following online test  from PM Expert -20 Randomly Selected Questions

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Project Procurement Management PPTs

Additional Questions on Project Procurement Management

1. Your company is outsourcing a project in an area where it has little experience. The procurement document should be
A. Completely rigid to ensure no deviation from sellers
B. Flexible enough to encourage creativity in seller responses
C. Informal
D. Reviewed by senior management

2. In your project, your subcontracting requirements of the machining of high-value equipment are very demanding. Hence, you have determined the technical criteria to evaluate the sellers. This is an example of:
A. Objective evaluation criteria
B. Source selection criteria
C. Statement of work
D. Work breakdown structure

3. Which of the following represents the right sequence of processes?
A. Analyze Procurements, Plan Procurements, Conduct Procurements, Close Procurements.
B. Determine Make or Buy, Administer Procurements, Conduct Procurements, Close Procurements
C. Plan Purchases and Acquisitions , Administer Procurements, Conduct Procurements, close procurements
D. Plan Procurements, Conduct Procurements, Control Procurement

4. The contract type that represents the highest risk to the seller is:
A. Fixed price plus incentive
B. Cost reimbursable
C. Fixed price
D. Cost reimbursable plus incentive

5. Make –or – buy analysis is a tool used in which process?
A. Plan Procurements
B. Conduct Procurements
C. Administer Procurements
D. Analyze Procurements

6. Process of Administer procurements falls under which process group
A. Planning
B. Closing
C. Monitoring and Control
D. Executing

7. ABC Consultancy has a large internal project to be initiated. To staff this project, ABC Consultancy is working with People Consultancy to provide three resources for six months. The resources will be part of the team managed by ABC Consultancy for six months. Which contract type should be used by Sam Consultancy?
A. Purchase Order
B. Cost plus Fee
C. Fixed cost
D. Time and Material

8. Sam Consultancy is planning to buy ten desktops for $1500 each from a leading computer store. Which type of contract will get signed in this case?
A. Purchase Order
B. Cost plus Fee
C. Fixed cost
D. Time and Material

9. ABC Consultancy is getting 200 computers installed from a vendor. The vendor will be paid the cost involved and a 10% incentive. Which contract will be used in this case?
D. Fixed Cost

10. Monika is a Project Manager. She is coordinating a bidder conference to allow vendors to get clarification on the work that needs to be performed. Which phase of Project Management is in progress?
A. Conduct Procurements
B. Plan Procurements
C. Administer Procurements
D. Close Procurements

1. B
2. B
3. D
4. C
5. A
6. C. Administer procurements is part of Monitoring and Control process group.
7. D. This is a case of Staff Augmentation. These projects are managed in Time and Material.
8. A. Purchase Order is used i.
9. A. Cost plus percentage of the cost
10. A. During the Conduct Procurement process, bidders can clarify their doubts using bidder conference

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