PMP Questions ID 1593 what type of method uses a weighting ranking system for quantifying qualitative data to minimize

What type of method uses a weighting ranking system for quantifying qualitative data to minimize the effect of personal bias during the process of selecting a seller?

Select one

Sourcing workshops

Vendor audits

Source Selection Criteria

Independent estimates

PMP Question No 1498 - Procurement

You are the project manager for a Fortune 100 IT company, and you are currently engaged in an important project. You want to choose the best contractor for a specialized task. What should you do to evaluate potential contractors?

Select one

Create a lessons-learned document

Conduct a performance review

Evaluate proposals

Perform a Make-or-Buy analysis

Answer

PMP Question No 1488 - Procurement

What do the buyer and seller have in common with regard to Control Procurements?

Select one

Both parties have specific resources that can be idle.

Both parties have a contract change management plan.

Both parties ensure that they meet their contractual obligations and that their own legal rights are protected.

Each party has its own project plan and legal team.

Answer

PMP Question No 1477 - Procurement

The costs on a project are typically classified as direct and indirect costs. The cost of electric utilities for the office is:

Select one

An indirect cost

Appraisal cost

A specific cost

A direct cost

Answer

PMP Question No 1444 - Procurement

The Conduct Procurements process receives bids or proposals and applies criteria to select one or more sellers who are both qualified and acceptable as a seller. Which of the following techniques is not a valid technique for this process?

Select one

Proposal Evaluation Techniques

Advertising

Bidder Conference

Make-or-buy analysis

Answer