Question 14(4 points)

As we discussed, project procurement management can require the use of risk management tools tailored to procurement. Which of the following is not a risk management tool a procurement manager could use?

Question 14 options:

	Delphi technique
	Max/min retrogression
	Quantitative analysis
	Qualitative analysis
	Brainstorming

Question 15(4 points)

What procurement document does the PMBOK tell us will become part of the procurement documents package, and is developed from the project scope statement, the project work breakdown structure (WBS), and the WBS dictionary?

Question 15 options:

	Best fit at the lowest price
	Single source that best fits.
	Minimal price best fit
	Lowest price technically acceptable

Project Manager Mary Ann is not a member of PMI but has applied for PMI certification. She has a meeting with seller A and gets into an argument with Seller A. Mary Ann loses her cool and yells at seller A and tells them to "get out of her office." Which of the following is true about Mary Ann's conduct?

Question 16 options:

	It is a violation of PMI's Code of Ethics and Professional Conduct.
	Since Mary Ann is not a member of PMI, she is not subject to the Code of Ethics and Professional Conduct.
	While not a per se violation of PMI's Code of Ethics and Professional Conduct, Mary Ann should aspire to a better standard of conduct.
	It is not a violation of the Institute for Supply Management's Principles and Standards of Ethical Supply Management Conduct.

Question 17(4 points)

Based on PMBOK guidance, which of the following is (are) often included as a part of a procurement management plan?

Question 17 options:

	Make-or-buy decision.
	List of pre-qualified selected sellers.
	Contract statement of work.
	All of the above.

Question 18(4 points)

Project Manager Michelle is purchasing 100 laptops and 20 desktop computers for her project, and the delivery of the computers is time-critical. She would like to provide an incentive to the seller for the timely delivery of the computers. Paula and her procurement partner have agreed that the selected seller will be paid the cost of the computers plus a 10% fee. Which contract type is being used in this case?

Question 18 options:

	Cost plus a percentage of cost contract
	T&M with incentive
	Cost plus a fixed fee
	Fixed Cost.

Question 19(4 points)

Verification by the buyer of whether final deliverables provided by the seller meet the buyer's acceptance criteria occurs at what point in the Project Procurement Management process?

Question 19 options:

	Plan Procurement Management
	Change Control.
	Acceptance Plan and Verification Process.
	Conduct Procurements

Question 20(4 points)

Project Manager Amy Sue's old college roommate owns a company, Services R Us, which sells the services that Amy Sue needs for her project. Amy Sue decides to include Services R Us as a prospective seller for her project's procurement requirements. Amy Sue is just doing this as a favor to her old roommate, has no intention of awarding the business to Services R Us, and has no financial interest in Services R Us. Is Amy's decision in violation of PMI's Code of Ethics and Professional Conduct?

Question 20 options:

	No, because Amy Sue has no financial interest in the old roommate's company Amy Sue's decision is therefore not an actual conflict of interest under PMI's Code of Ethics and Professional Conduct.
	Yes, while there may not be an actual conflict of interest, PMI's Code of Ethics and Professional Conduct consider an appearance of a conflict of interest as a violation.
	No, because Amy Sue does not intend on awarding the business to the old roommates company.
	Yes, because despite Amy Sue's intentions, she probably will select Services R Us as the seller.

Question 21(4 points)

Which of the following is a method for quantifying qualitative data in order to minimize the effect of personal prejudice on seller selection?

Question 21 options:

	Weighting System.
	Screening System.
	Rating System.
	All of the above.

Question 22(4 points)

Procurement Manager Simone has elected to use a Firm Fixed-Price contract type for his procurement. Which type of procurement document(s) are best for Simone to use to solicit seller responses?

Question 22 options:

	RFP, RFI, or RFQ
	RFP or FFP
	RFP or RFQ
	RFI or RFQ

Question 23(4 points)

A project manager for a large manufacturing company is working on a project that calls for a new building to be constructed to house a new clean system manufacturing process that is critical to the success of the project. Construction is not a core competency of his company. His team has the ability to create a detailed SOW with penalties if specific statements of work deliverables are not met. He is in the procurement planning evaluation phase of the project, which contract would work the best. Which of the following is the best type of contract for this situation?

Question 23 options:

	FP (Fixed price)
	CPFF (Cost plus fixed fee)
	CPIF (Cost plus incentive fee)
	T&M (Time and materials)

Question 24(4 points)

Your work on the Tacoma Narrows Bridge case provided illustrations of many facets of project procurement management and procurement risk mitigation. Which of these procurements proved to be the most disruptive to the project?

Question 24 options:

	Wind tunnel study procurement
	Human resources procurement
	Barge services procurement
	Road deck procurement
	None of the above

Question 25(4 points)

Project Procurement Management ________.

Question 25 options:

	Describes the processes required to procure products, services, or results from outside the performing organization.
	Involves processes to ensure that the project procures products, services, or results at the lowest possible cost.
	Includes the processes to procure products, services, or results, but does not include the ongoing performance management of the selected seller(s).
	Is not used by the seller of the product, service, or results under a contract.