Which of the following statements about contract termination is FALSE?
A Early terminations are handled in the Close Project or Phase process.
B Contract termination may result from mutual agreement to terminate the contract.
C Termination conditions should be documented in the contract.
D Contract termination may result from default of one party.
Which of these statements about contracts is FALSE?
A A contract is a mutually binding legal agreement.
B A contract can include change request handling.
C Contracts are used only for complex procurements.
D A contract is a legal relationship subject to remedy in the courts.
Greg needs a good understanding of planned work to determine project purchases. What document will be the most helpful?
A WBS
B WBS dictionary
C Project scope statement
D Procurement management plan
An independent estimate used when conducting procurements is sometimes used to:
A Establish a budget estimate.
B Serve as a benchmark of proposed responses.
C Build an order of magnitude estimate.
D Confuse prospective sellers.
Which of the following is an objective of the Control Procurements process?
A Set limitations of liability
B Assess and invoke penalties
C Monitor contract performance
D Issue individual performance reports
Which of the following statements about selecting a seller is TRUE?
A Project teams should select the lowest cost seller.
B The selection process should produce one seller for each product.
C Selection criteria can be limited to price if the item is available from multiple sellers.
D The project manager selects the sellers.
What is a structured review of the seller's progress to deliver project scope and quality, within cost and on schedule?
A Inspection
B Procurement performance review
C Walkthrough
D Audit
Which of the following terms indicates that the buyer will evaluate the response based on technical factors?
A Bid
B Quote
C Tender
D Proposal
Inputs to Conduct Procurements include all of the following EXCEPT:
A Make-or-buy decisions.
B Source selection criteria.
C Procurement documents.
D Selected sellers list.
The Project Procurement Management Knowledge Area includes all of the following processes EXCEPT:
A Plan Procurement Management.
B Control Procurements.
C Identify Risks.
D Conduct Procurements.
Outputs of the Conduct Procurements process do NOT include:
A Selected sellers.
B Qualified sellers.
C Agreements
D Resource calendar.
Where can Baird look to find a qualified sellers list?
A Yellow pages
B Project management plan
C Procurement management plan
D Organizational process assets
Which of the following is a TRUE statement?
A T&M contracts are for a fixed amount
B T&M contracts can be open-ended
C T&M contracts do not reimburse costs
D T&M contracts are unilateral
Which of the following is NOT an organizational process assets update associated with the Close Procurement process?
A Procurement management plan
B Procurement file as a complete set of indexed contract documentation including the closed contract
C Deliverable acceptance
D Lessons learned documentation
Which of the following is NOT usually included in a procurement document?
A Description of need
B Response instructions
C Price
D Preferred contract type
Company policy requires you to advertise contract needs in your local paper. How does this benefit your project?
A It can expand the list of potential sellers
B It speeds up the source selection process
C It makes it easier to contact vendors
D It is always a legal requirement
CPFF is the abbreviation for:
A Cost Plus Fixed Fund.
B Contract Plus Fixed Fee.
C Cost Plus Floating Fee.
D Cost Plus Fixed Fee.
Which of the following is NOT a tool or technique used with the Close Procurements process?
A Procurement audits
B Performance reporting
C Records management system
D Procurement negotiations
Your sponsor wants to know if your contractor has finished a set of deliverables. Where will you find that information?
B Performance reports
C Approved change requests
D Contract
Which of the following is NOT an input to the Conduct Procurements process?
A Source selection criteria
B Seller proposals
C Procurement contract award
D Procurement documents
