Project Procurement Test

Which of these is not an input to the Control Procurements process?

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

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?

A program management office (PMO) chose you to write a purchase order because of your expertise in business writing. You learned the PMO has already selected a seller for a software product and would like to award the procurement contract to the selected seller as a purchase
order, which you must prepare. In this scenario, the PMO is administering:

If you are working on a project with constantly changing scope, which type of contract would work best when hiring an outside vendor to complete a portion of the work?

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

What is the purpose of a bidder conference?

Many organizations favor fixed-price contracts because the buyer’s risk is minimized by such contracts. However, to minimize the seller’s risk, which of the following is crucial for a fixed price contract?

Different types of contracts are appropriate for different types of purchases. Which of these is not one of the three broad categories of contracts?

You are building a mansion that will have copper roofs. The duration of the project will be approximately three years. You have built into the contract that, as the price of copper increases, your price increases as a percentage of the cost of the copper. However, all other costs are fixed. This is an example of what type of contract?