Part 10 - Project Procurement Flashcards
- What does the project manager do when requesting seller responses?
A. The project manager plans purchases.
B. The project manager solicits quotations.
C. The project manager selects a seller.
D. The project manager evaluates project progress.
1.
Correct Answer: B
- Which allows potential sellers to ask questions about the project and its requirements?
A. Advertised bids
B. Bidder conference
C. Sellers conference
D. Annual meeting
2.
Correct Answer: B
- Which is included on a qualified sellers’ list?
A. Sellers’ names
B. Procurement documents
C. Proposals
D. Advertised bids
3.
Correct Answer: A
- Which provides a pass or fail mechanism for criteria critical to project success?
A. Weighted scorecard
B. Expert judgment
C. Seller rating system
D. Screening system
4.
Correct Answer: D
- Which document sent to prospective sellers provides information regarding the requirement specifications and needs of your project?
A. Procurement management plan
B. Project documents
C. Procurement document
D. Request for information
- Which is a legal contractual agreement
5.
Correct Answer: C
- Which is a legal contractual agreement signed between the organization and an external entity to form a partnership in a buyer-seller arrangement between them?
A. Procurement contract
B. Teaming agreement
C. Seller proposal
D. Purchase order
6.
Correct Answer: B
- Which are tools and techniques for the conduct procurement process?
A. Bidder conferences, SWOT analysis, independent estimates, expert judgment.
B. Procurement negotiations, advertising, contingent response strategies, proposal evaluation techniques.
C. Independent estimates, make-or-buy decisions, qualified seller lists, source selection criteria.
D. Bidder conferences, independent estimates, expert judgment, procurement negotiations.
7.
Correct Answer: D
- Which are outputs of the conduct procurement process?
A. Procurement contract award
B. Qualified seller list
C. Resource calendars
D. Selected sellers
8.
Correct Answer(s): A
C
D
- True or False? A procurement contract is a mutually binding agreement that details the obligations of only the seller.
A. True
B. False
9.
Correct Answer: B
FFP
Firm fixed price contracts
- Which output of the conduct procurement process lists the quantity, availability, and utilization of project resources?
A. Project management plan
B. Procurement contract
C. Resource calendar
D. Seller proposal
10.
Correct Answer: C
FPIF
Fixed price incentive fee contracts
FP-EPA
Fixed price with economic price adjustment contracts
CPFF
Cost plus fixed fee contracts
CPIF
Cost plus incentive fee contracts
