PMP Questions ID 2605 as part of a key project in a large organization the manufacturing of valves is outsourced to a

As part of a key project in a large organization, the manufacturing of valves is outsourced to a third party. The project manager learns that the valves will arrive earlier than expected and in greater quantities. What should the project manager do next?

Select one

Add additional resources, close the project earlier, and update the lessons learned.

Review the cost and schedule plan.

Review the project schedule and fast track activities to complete the project earlier.

Refer to the procurement management plan to review the terms of delivery from the third party.

For a long-term infrastructure project, the project manager must acquire suppliers with the lowest possible risk due to the global business climate. What type of contract should the project manager use?

Select one

Cost plus fixed fee (CPFF)

Firm fixed price (FFP)

Fixed price with economic price adjustment (FP-EPA)

Fixed price incentive fee (FPIF)

A project manager requires laptops for the project team to start the project. The contracted vendor notifies the project manager that they will be two weeks late on delivery. The project manager selects a replacement vendor that immediately supplies the laptops. Now the original vendor receives their shipment and bills the project in accordance with their contract terms. What should the project manager do next?

Select one

Dispute the bill because, regardless of the procurement management plan, the vendor missed the deadline.

Attempt to negotiate with the original vendor, but be prepared to compensate them in accordance with the procurement management plan.

Ask the vendor to waive the bill since they were unable to deliver on time.

Request additional funds to pay the original vendor and dispute the bill after the project is closed.

A project manager needs to outsource 1,200 resource hours. Due to internal policies, each provider must understand the requirements. What should the project manager do to ensure this?

Select one

Send the procurement management plan to each provider.

Hold a bidder conference with the providers.

Conduct direct negotiations with each provider.

Add the providers to the stakeholder register.

A supplier has been awarded a firm fixed price (FFP) contract to provide various materials for a construction project. The contractor has received all pertinent documents relating to material standards and specifications. By contract, the supplier must deliver all materials to the construction site on a specific date. When the materials arrive at the site on time, what should the project manager do?

Select one

Ask the finance department to pay the supplier's invoice.

Inform the inspections group that new materials have arrived.

Notify the team member responsible for handling materials of the arrival.

Advise the procurement group that the contract has been fulfilled.

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