Project Procurement Management

Question 1

Procurement Processes

Answer 1

Planning: Plan Procurement Management
Executing: Conduct Procurements
Monitoring/Controlling: Control Procurements

Question 2

Plan Procurement Management

Answer 2

I: Project charter, business documents, PM plan, project documents, EEFs/OPAs
TT: Expert judgment, data gathering, data analysis, source selection analysis, meetings
O: Procurement management plan, procurement strategy, bid documents, procurement Statement of Work, source selection criteria, make-or-buy decisions, independent cost estimates, change requests, project documents updates, OPA updates

Question 3

Conduct Procurements

Answer 3

I: PM plan, project documents, procurement documentation, seller proposals EEFs/OPAs
TT: Expert judgment, advertising, bidder conferences, data analysis, interpersonal and team skills
O: Selected sellers, agreements, change requests, PM plan updates, project documents updates, OPA updates

Question 4

Control Procurements

Answer 4

I: PM plan, project documents, agreements, procurement documentation, approved change requests, work performance data, EEFs/OPAs
TT: Expert judgment, claims administration, data analysis, inspection, audits
O: Closed procurements, work performance information, procurement documentation updates, change requests, PM plan updates, project documents updates, OPA updates

Question 5

Contract types

Answer 5

Fixed-price (if scope is reasonably fixed)
Cost reimbursable (if scope expected to change)
Time and materials (combo)

Question 6

Documents

Answer 6

Bid documents, to request proposals from prospective sellers
Request for
Information (RFI)
Quotation (RFQ)
Proposal (RFP)

Procurement Statement of Work (SOW): developed from scope baseline, defines portion of scope to be included in the contract