Question 6 (1 point)

The major components in an agreement document may include the following EXCEPT:

Question 6 options:

Warranty and future product support Termination clause and ADR mechanisms Incentives and penalties Marketplace conditions

Question 7 (1 point)

This type of contract would detail the appropriate labour plus an overhead and profit percentage:

Question 7 options:

Fixed-price with escalation Firm fixed price Cost-plus fixed fee contract Time and materials contract

Question 8 (1 point)

A manual contract management system is more efficient than using software.

Question 8 options:

True False

Question 9 (1 point)

A project is evaluated on the basis of the following:

Question 9 options:

Approval requriements, major deliverables, technology development, anticipated sales volume Alignment with the company goals, investment required, return on investment, increase in market share Return on investment, alignment with company goals, purpose, description Risks, funding, milestone schedule, public reaction

Question 10 (1 point)

When developing the contract strategy, the following items need to be addressed EXCEPT:

Question 10 options:

Timescale and phasing Attactiveness to the market Critical success factors Value of need

Question 11 (1 point)

It is important that a contract management plan is drawn up prior to awarding of the contract.

Question 11 options:

True False

Question 12 (1 point)

An RFP always includes the funds that the customer has available ot spend on the project

Question 12 options:

True False

Question 13 (1 point)

There are ____ steps in Contract Management

Question 13 options:

8 9 5 6

Question 14 (1 point)

Remedies for breach of contract includes the following EXCEPT:

Question 14 options:

Rent a judge Arbitration Mediation Adjudication

Question 15 (1 point)

This type of contract is appropriate if the labour and material costs cannot be accurately determined before the contract is executed.

Question 15 options:

Cost-plus incentive fee Fixed price contract with redetermination Fixed-price contract with escalation Fixed-price contract with incentives

Question 16 (1 point)

What supplier factors should be appraised (evaluated)?

Question 16 options:

CSR, JIT arrangements, global sourcing, e-procurement JIT arrangements, capital requirements, financial, production capacity Performance, service level agreements, capital requirements, outsourcing contracts Performance, quality, financial, information technology

Question 17 (1 point)

When determining the type of contract, you with to enter into with your supplier, the following considerations need to be looked at EXCEPT:

Question 17 options:

Total dollar value of the purchase Degree of trust between the buyer and seller The bargaining mix Component market uncertainty

Question 18 (1 point)

Following a successful appraisal, the supplierL

Question 18 options:

Is placed on the approved list of suppliers Is guaranteed to be a supplier Will not become an approved supplier Will be guaranteed work for all contracts

Question 19 (1 point)

It is common practice for the invitation of tenders to consist of the following EXCEPT:

Question 19 options:

The procedure for raising queries and receiving clarification Scope of work or technical specifications The name and contact details of the responsible procurement person A covering letter explaining the invitation and re-iterating the date and time by which the tenders must be returned

Question 20 (1 point)

The risk report will typically include the following:

Question 20 options:

Simulation, influence diagrams, recommended risk responses Risk management plan, sensitivity analysis, recommended risk responses Assessment of overall project risk exposure, prioritized list of individual project risks, recommended risk responses Prioritized list of individual project risks, recommended risk responses, influence diagrams

Question 21 (1 point)

Procurement measurements include the following EXCEPT:

Question 21 options:

Is progress being made toward resolution of previously identified problems? Are the deliveries on time? Has the correct quantity of products been delivered? What is the quality of the services rendered or products delivered?

Question 22 (1 point)

Projects can be evaluated on quantitative or qualitative items

Question 22 options:

True False

Question 23 (1 point)

The procurement strategy can include the following information EXCEPT:

Question 23 options:

Incentives and awards that may be used to align the objectives of the buyer and seller Monitoring and evaluation plan for tracking purposes Phasing of the procurement Procurement performance indicators and milestones to be used in monitoring

Question 24 (1 point)

The risk management plan may include the following elements EXCEPT:

Question 24 options:

Authority levels for decision making Methodologies Risk categories Risk strategy

Question 25 (1 point)

The terms of reference (sometimes used when contracting for services) typically includes the following elements EXCEPT:

Question 25 options:

Tasks that the contractor is required to perform. Data that needs to be submitted for approval Delivery dates Standards that contractor will fulfull that are applicable to the project