PMP Questions ID 1093 performance reports are produced during the control procurements process by evaluating work perfo

Performance reports are produced during the Control Procurements process by evaluating work performance data against the agreement requirements. Which of the following is the prime objective of producing such reports?

Select one

Performance reports are produced so they can be added to lessons-learned database, and the future project might benefit.

Performance reporting is a good project management practice and must be carried out on all projects.

Performance reports document the analysis of the project manager and does not require supplier’s participation.

Providing management with information about how effectively the seller is achieving the contractual objectives.

A project manager feels the need of updating one of the project supplier contracts to meet the project’s current needs. However, before any change requests, the project manager must know the right process to incorporate a change into this specific contract. What should he do first?

Select one

Review the change request handling procedure as documented in the contract itself

Issue the change request and get it approved through Integrated Change Control process

Update the project procurements management plan

Review alternative dispute resolution (ADR) procedures in the contract

Large organizations typically manage a wide range of projects; from small projects to large initiatives requiring long-term commitments. Which of the following factors can be used in scaling such projects:

Select one

Team size, geographical distribution, regulatory compliance, organizational complexity, technical complexity, and funds availability.

Team size, geographical distribution, regulatory compliance and organizational complexity.

Team size, geographical distribution and regulatory compliance.

Team size, geographical distribution, regulatory compliance, organizational complexity and technical complexity.

Maintaining good supplier relationships should be important to all project managers. A good buyer-seller relationship is a partnership that results in a win-win situation that nurtures both parties. Which of the following is both a short- and long-term benefit of treating a supplier with courtesy, honesty, and fairness?

Select one

There is no need to have formal contracts in place

Delivery of quality products and services at the best price

The buyer can delay the payments without jeopardizing the relationship

The supplier can charge a price higher than the market price

Select one

Both “explicit” and “tacit” knowledge

“Explicit” knowledge; as this can be readily codified

“Tacit” knowledge; as this is difficult to express

“Tacit” knowledge; as this involves beliefs, insights, experience and “know-how”

New PMP Question & Answers with explanation