89 New PMP Procurement Questions & Answers with explanation
21.
Project knowledge management is concerned with managing which type of project knowledge?
Select one
22.
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
23.
Work Performance Data is an important input to the Control Procurements process. Which of the following is not a component of Work Performance Data?
Select one
24.
You are building a mile-long bridge on a T&M contract. During the excavation activity, you learned some telephone cables are crossing the alignment where you have to construct the bridge. You need to relocate these telephone cables, but there is no provision of such an activity in the contract. Further, the relocation of the cables is a costly task, and you need to do a lot of government paperwork, as well. You requested an amendment in the contract, but the buyer rejected it. Despite many efforts, you both could not resolve this issue. What should you do next?
Select one
25.
Andy’s project stakeholders are not happy as the project is lagging behind schedule. During the executive committee meeting, Andy requests all stakeholders to keep their calm as most of the project deliverables have been completed and only quality inspections of these deliverables is pending. He assures the stakeholders that he is planning to crash the project to meet the completion deadline. What should be the stakeholders’ biggest concern now?
Select one
26.
The Make-or-Buy analysis is a technique used as part of the Plan Procurement Management process. It can determine whether the project team can produce a particular product or service, or if it should be purchased. The analysis to arrive at a decision should include:
Select one
27.
The costs on a project are typically classified as direct and indirect costs. The cost of electric utilities for the office is:
Select one
28.
A buyer and seller set the rates for junior engineers, senior engineers, architects, and other predefined roles. In what type of contract would this be applicable?
Select one
29.
Rosanne is an experienced project manager working on a pharmaceutical project. This project involves two large vendors supplying chemical products with specific compositions for preparing drugs. While reviewing documents to see how a seller is performing, she notices the seller did not meet some of the contractual terms. Since it is a first-time violation, she would like to initiate a corrective action to bring the seller’s performance in line with the statement of work. Which of the following are not outputs of Rosanne’s effort?
Select one
30.
In a manufacturing project, you have requested bids to procure stainlesssteel products. However, your sponsor insists that you conduct bidder conferences before selecting sellers. What mandatory standard in the PMI Code of Ethics and Professional Conduct is met by conducting bidder conferences?
Select one