PMP Questions procurement knowledge page 4

31.

Which of the following techniques can help clarify the structure, requirements, and other terms of the purchases so that mutual agreement between a buyer and a seller can be reached prior to signing the contract?

Select one

Independent estimates

Advertising

Bidder conferences

Procurement negotiations

32.

A number of deliverables were submitted to the buyer as part of a project. Where would the project manager find documentation on the requirements for formal deliverable acceptance and on how nonconforming deliverables can be addressed?

Select one

In the SOW

In the lessons-learned document

In the deliverable release note

In the agreement

Select one

Questions from each seller should be handled confidentially and not shared with other sellers.

No bidders should receive preferential treatment, even if they are part of the company's existing list of approved suppliers.

Bidder conferences should not involve individual face-to-face meetings.

All prospective sellers should be allowed to have a common understanding of the procurement.

34.

The source selection criteria for all procurements in a project is developed during which of the following processes?

Select one

Conduct Procurements

Monitor and Control Project Work

Control Procurements

Plan Procurement Management

35.

During the Conduct Procurements process, the procuring organization found that there were significant differences in pricing by different sellers. What is the best course of action in such a scenario?

Select one

Award the project to a supplier who is already on the procuring organization's preferred supplier list.

Cancel the procurement activity.

Investigate whether the procurement statement of work was defective or ambiguous.

Award the project to the highest bidder.

Select one

Agreements

Change requests

Work performance data

Project management plan

37.

Which of the following is not a tool or technique of the Control Procurements process?

Select one

Expert judgment

Advertising

Claims administration

Inspection

38.

You have received a proposal for an RFP that was sent to vendors. One of the vendors has proposed doing the project for $12,500. The cost for the project is $10,000, and their profit will be $2,500. Which type of contract is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change?

Select one

Cost Plus Fixed Fee

Cost Plus Percentage of Cost

Fixed price

Cost Plus Incentive Fee

39.

Your company requires that before you purchase any routers or switches for the data center you are building, you need to solicit quotes from three separate suppliers prior to submitting the purchase request to the finance department. This policy belongs to:

Select one

Organizational Process Assets

Enterprise Environmental Factors

Procurement Management Knowledge Area

Make-or-Buy Decision

40.

Which of the following is accurate regarding agreements in Project Procurement Management?

Select one

Agreements can never be terminated.

Terms and conditions never include the seller’s proposal.

Agreements are informal documents.

Agreements are legal documents between a buyer and a seller.

89 New PMP Procurement Questions & Answers with explanation