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 PMP Exam Practice Test - 3k Project Management Procurement

Pmp Exam Practice Test - 3K Project

Management Procurement
by danstanmorre2009, May 2015

Subjects: PMP Exam Practice Test - 3k

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37 Cards in this Set

 Front
 Back

Close Procurements is different from

Close Project or Phase in that Close Answer A
Procurements:

A. Occurs before Close Project or Phase. Explanation The customer may be involved in
lessons learned and procurement audits, andwould
certainly be involved in formal acceptance. Both
Close Procurements and Close Project orPhase
B. Is the only one to involve the customer. involve the return of property. Close Procurements
is done once for each procurement, atthe end of the
contract. All procurements are closed before the
project is closed.
C. Includes the return of property.

D. May be done more than once for each

contract.
You have just started work on a
procurement when management decides to
terminate thecontract. What should you do
FIRST?

Answer D

A. Go back to the Plan Procurement

Management process.

Explanation If the contract is terminated, the

B. Go back to the Conduct Procurements procurement needs to enter closure. The resultsof
process. the procurement and its documentation are archived
as historical records in the CloseProcurements
process.

C. Finish the Control Procurements

process.

D. Go to the Close Procurements process.

The project team is arguing about the
Answer C
prospective sellers who have submitted
proposals. One teammember argues for a
certain seller while another team member
wants the project to be awarded toa
different seller. The BEST thing the
project manager should remind the team to
focus on in orderto make a selection is the:

Explanation The source selection criteria is the

primary tool for evaluating potential sellers
andshould be used by the team in order to make a
selection.

A. Procurement documents.

B. Procurement audits.

C. Source selection criteria.

D. Procurement management plan.

The performing organization is trying to
decide whether to split the procurement Answer D
departmentand assign procurement
responsibilities to departments directly
responsible for the projects.A procurement
professional might not want this split to
occur because he or she would lose_____
in a decentralized contracting
environment.
Explanation The change would not impact the
organization's overall project managementpractices,
only procurement. Loyalty to the project would be
gained, not lost, in a decentralizedenvironment, as
the procurement manager is part of the project
team. In a decentralizedprocurement environment,
there is less focus on maintaining the skill or
A. Standardized company project expertise of thecontracting function, and access to
management practices other procurement professionals with comparable
expertisewould be reduced.
B. Loyalty to the project

C. Experience

D. Access to others with similar experties

Your project team member delivers a
project deliverable to the buyer. However,
the buyer refuses the deliverable, stating it
does not meet the requirement on page 300
of the ethical specifications. You review Answer C
the document and find that you agree.
What is the BEST thing to do?

Explanation This question is written from the

perspective of the seller. The contract couldbe
A. Explain the contract is wrong and wrong, or the customer could be wrong, but this
should be changed. should have been discovered earlier if proper
project management was followed. A seller cannot
issue a change order (although they could request
one). Did you select calling a meeting of the team?
B. Issue a change order. If so, remember that project management is not
about making every decision with ALL the team
members. The best choice involves reviewing the
requirements documentation and meeting with the
C. Review the requirements and meet with appropriate team member. If such a problem has
the responsible team member to review the arisen, it could mean something was wrong in the
WBS dictionary. WBS dictionary or in how the team member
completed the work.

D. Call a meeting of the team to review the

requirement on page 300.
What type of contract do you NOT want to
use if you do not have enough labor to Answer A
audit invoices?
A. Cost plus fixed fee ( CPFF)
B. Time & material (T &M)
C. Fixed price (FP)
D. Fixed price incentive fee (FPIF)
A new project manager is about to begin
creating the procurement statement of
work. Onestakeholder wants to add many
items to the procurement statement of
work. Another stakeholderonly wants to Answer D
describe the functional requirements. The
project is important for the
projectmanager's company, but a seller
will do the work. How would you advise
the project manager?
A. The procurement statement of work
should be general to allow the seller to
make their owndecisions.
Explanation If you got this question wrong, reread
it. You need to audit invoices in all contracttypes,
so how do you choose? Look for the answer that is
BEST. In this case, would be the choicethat
requires the greatest effort.A T&M contract should
be used for low dollar and short duration contracts
(remember that aT &M contract has no incentive to
finish), so it does not have a high level of risk. FP
and FPIFcontracts cannot be best, because the risk
to the buyer is limited. The buyer is still only going
topay the contracted price. In a CPFF contract, the
buyer pays all costs. The seller could be
chargingthe buyer for costs that should not be
allocated to the buyer. Because of the size and
dollar amountof this type of contract, and because
the risk to the buyer is great, a CPFF contract
requires themost auditing. In this case, you would
not want to use a CPFF contract.
Explanation When the seller has more expertise
than the buyer, the procurement statement ofwork
should describe performance or function rather than
a complete list of work. In any case,
theprocurement statement of work should be as
detailed as possible.
 B. The procurement statement of work
should be general to allow for clarification
later.

C. The procurement statement of work

should be detailed to allow for clarification
later.

D. The procurement statement of work

should be as detailed as necessary for the
type of project.

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