12.2 Conduct Procurements (Procurement MGMT)

Question 1

what is 12.2 conduct procurements? (3)

Answer 1

1. obtaining seller responses
2. selecting a seller
3. awarding a contract

Question 2

what is the key benefit of 12.2 conduct procurements? (2)

Answer 2

1. selects a qualified seller

2. implements legal agreement for delivery

Question 3

when is 12.2 conduct procurements performed during a project?

Answer 3

periodically as needed

Question 4

12.2 conduct procurements - inputs (6)

Answer 4

1. project management plan (7)
2. project documents (5)
3. procurement documentation
4. seller proposals
5. EEFs
6. OPAs

Question 5

what project management plan inputs are relevant to 12.2 conduct procurements? (7)

Answer 5

a. scope management plan
b. requirements management plan
c. communications management plan
d. risk management plan
e. procurement management plan
f. configuration management plan
g. cost baseline

Question 6

what project document inputs are relevant to 12.2 conduct procurements? (5)

Answer 6

a. lessons learned register
b. project schedule
c. requirements documentation
d. risk register
e. stakeholder register

Question 7

what EEF inputs are relevant to 12.2 conduct procurements? (7)

Answer 7

1. local laws/regulations RE procurements
2. local laws/regulations ensuring involvement of local sellers
3. external economic environment constraining procurement processes
4. marketplace conditions
5. past experience with sellers
6. prior agreements in place
7. contract management systems

Question 8

what OPA inputs are relevant to 12.2 conduct procurements?

Answer 8

1. list of preferred sellers that are prequalified
2. policies RE seller selection
3. templates/guidelines to draft/build agreements
4. invoicing and payment processes

Question 9

what is included in requirements documentation? (2)

Answer 9

1. technical requirements the sellers are required to satisfy
2. requirements with contractual and legal implications (health, safety etc.)

Question 10

what can be included in procurements documentation?

Answer 10

1. bid documents
2. procurement statement of work
3. independent cost estimates
4. source selection criteria

Question 11

12.2 conduct procurements - tools and techniques (5)

Answer 11

1. expert judgement
2. advertising
3. bidder conferences
4. data analysis (proposal evaluation)
5. interpersonal and team skills (negotiation)

Question 12

12.2 conduct procurements - outputs (6)

Answer 12

1. selected sellers
2. agreements
3. change requests
4. project management plan updates (8)
5. project document updates (6)
6. OPA updates

Question 13

what project management plan update outputs are relevant for 12.2 conduct procurements? (8)

Answer 13

a. requirements management plan
b. quality management plan
c. communication management plan
d. risk management plan
e. procurement management plan
f. scope baseline
g. schedule baseline
h. cost baseline

Question 14

what project document updates are relevant outputs for 12.2 conduct procurements? (6)

Answer 14

a. lessons learned register
b. requirements documentation
c. requirements traceability matrix
d. resource calendars
e. risk register
f. stakeholder register

Question 15

what is a contract/agreement?

Answer 15

1. a mutually binding agreement
2. obligates the seller to provide the specified products, services or results
3. obligates the buyer to compensate the seller
4. represents a legal relationship subject to remedy in courts

Question 16

what are the major components in an agreement? (12)

Answer 16

1. procurement statement of work or major deliverables
2. schedule, milestones, due dates
3. performance reporting
4. pricing and payment terms
5. inspection, quality and acceptance criteria
6. warranty and future product support
7. incentives and penalties
8. insurance and performance bonds
9. subordinate subcontractor approvals
10. general terms and conditions
11. change request handling
12. termination clause and alternative dispute resolution mechanisms