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KnowledgeAreaQuizProjectProcurementManagementPracticeQuestionsAnswerKey
andExplanations
PMPExamPrep:Questions,Answers&Explanations,2013Edition
byChristopherScordo
SSILogic2013Citation

Recommend?

TestQuestions
1. WhichoftheseisnotaninputtotheControlProcurementsprocess?
A. Agreements
B. Changerequests
C. Workperformancedata
D. Workperformancereports
2. WhichofthefollowingisnotatoolortechniqueoftheControlProcurementsprocess?
A. Paymentsystem
B. Configurationmanagementsystem
C. Contractchangecontrolsystem
D. Recordsmanagementsystem
3. YouhavereceivedaproposalagainstaRFPthatwassenttovendors.Oneofthevendorshas
indicatedthattheycandotheprojectfor$12,500.Thecostfortheprojectis$10,000andtheir
profitwillbe$2,500.Whichtypeofthecontractsismostsuitabletobeusedinthissituation?
A. CostPlusFixedFee
B. CostPlusPercentageofCost
C. Fixedprice
D. CostPlusIncentiveFee
4. Yourcompanyrequiresthatbeforeyoupurchaseanyroutersorswitchesforthedatacenteryou
arebuilding,youneedtosolicitquotesfromthreeseparatesupplierspriortosubmittingthe
purchaserequesttothefinancedepartment.Thispolicybelongsto?
A. OrganizationalProcessAssets
B. EnterpriseEnvironmentalFactors
C. ProcurementManagementKnowledgeArea
D. MakeorBuyDecision
5. Whichprocessinvolvesverificationandacceptanceofallprojectdeliverables,andhencesupports
theCloseProjectorPhaseprocess?
A. PerformIntegratedChangeControl
B. ValidateScope
C. EstimateActivityDurations
D. ControlCosts
6. WhichofthefollowingisaccurateregardingagreementsintheProjectProcurementManagement?
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PMPExamPrep:Questions,Answers&Explanations,2013EditionBooks24x7

A. Agreementscanneverbeterminated.
B. Termsandconditionsneverincludetheseller'sproposal
C. Agreementsareinformaldocuments.
D. Agreementsarelegaldocumentsbetweenabuyerandaseller.
7. Whatisthepurposeofabidderconference?
A. Awardingacontracttothemostsuitablevendor
B. Prequalifyingthepotentialsellers
C. Ensuringallvendorshaveaclearunderstandingoftheprocurement
D. Developingacomprehensivesellerslist
8. Thetypesofcontractsthatcanbeusedinaprojectaredocumentedinthe:
A. RequestforProposal(RFP)
B. Procurementmanagementplan
C. Procurementstatementofwork
D. Workbreakdownstructure(WBS)
9. Differenttypesofcontractsareappropriatefordifferenttypesofpurchases.Whichoftheseisnot
oneofthethreebroadcategoriesofcontracts?
A. Costreimbursable
B. TimeandMaterial
C. Fixedpriceorlumpsum
D. Fixedassessment
10. Youarebuildingamansionthatwillhavecopperroofs.Thedurationoftheprojectwillbe
approximatelythreeyears,soyouhavebuiltintothecontractthatasthepriceofcopperincreases
thecontractallowsforpriceincreasesasapercentageofthecostcopper.However,allother
costsarefixed.Thisisanexampleofwhattypeofcontract?
A. FixedPricewithEconomicPriceAdjustment
B. FixedPriceIncentiveFee
C. UnitPrice
D. TimeandMaterials
Answers
1. BChangerequestsarenottheinputsoftheControlProcurementprocess.Therestofthechoicesare
validinputsofthisprocess.[PMBOK5thedition,Page379][ProjectProcurementManagement]
2. BTheconfigurationmanagementsystemisnotatoolandtechniqueoftheControlProcurementsprocess.
Therestofthechoicesarevalidtoolsandtechniquesofthisprocess.[PMBOK5thedition,Page379]
[ProjectProcurementManagement]
3. CApparentlyitlookslikethevendorisaskingforacostplusfixedfeecontract.However,thevendoris
actuallylookingforafixedpricecontractwhentheyaskedforafixed$12,500.Thecostandfeearejustthe
componentsthevendorhasestimatedtocomeupwithafinalprice.[PMBOK5thedition,Page362,363]
[ProjectProcurementManagement]
4. AAnytypeofcorporatepolicyorformalprocurementprocedureisanorganizationalprocessasset.
[PMBOK5thedition,Page27][ProjectProcurementManagement]
5. BTheValidateScopeprocessformalizestheacceptanceofthecompletedprojectdeliverablesandhence
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PMPExamPrep:Questions,Answers&Explanations,2013EditionBooks24x7

supportstheCloseProjectorPhaseprocess.[PMBOK5thedition,Page133][ProjectScopeManagement]
6. DAgreementsarelegalandformaldocumentsbetweenbuyersandsellers.[PMBOK5thedition,Page
357][ProjectProcurementManagement]
7. CBidderconferencesarealsocalledcontractorconferencesorvendorconferences.Theirpurposeis
provideallvendorswithanunderstandingoftheprojectrequirementsandgiveallvendorsequaltimetoget
theirquestionsanswered.[PMBOK5thedition,Page375][ProjectProcurementManagement]
8. BThetypesofcontractsthatcanbeusedinaprojectaredocumentedintheProcurementManagement
Plan.[PMBOK5thedition,Page366][ProjectProcurementManagement]
9. DFixedassessmentisnotacategoryofcontracts.[PMBOK5thedition,Page362][ProjectProcurement
Management]
10. ASincethepriceincreasesaretiedonlytotherisingcostsofthecopper,thisisaFixedPricewith
EconomicPriceAdjustment(FPEPA)contract.Thisiscommonwithmultipleyearcontracts.[PMBOK5th
edition,Page363][ProjectProcurementManagement]

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