Lesson 12 – Assessment

1. The three categories into which contracts can be broadly classified are:

2. Several team members have been transferred to another project, so the project manager needs additional resource support from a new supplier. The project manager is concerned about the cost risk of using a new supplier at this stage of the project. Now, the project manager needs to work with the procurement team to establish specifications and type of contract to be used. What should be done?

3. Which of the following statements is NOT true regarding Contracts?

4. A Project Manager is conducting a bidder conference to select the most suitable sellers. Which of the following tools will NOT be helpful?

5. While responding to a procurement request, the seller outlined the detailed technical solution, provided a few past customer references, and also made a detailed commercial offer. Which procurement document would the seller most likely respond to?

6. While in the control procurements process, you are meeting with your seller to inspect the seller’s progress in delivering the project scope and quality within cost and on schedule as specified in the contract. Your objective is to identify the performance progress or failures, noncompliance, and areas where performance is a problem. Which of the following are you performing?

7. Which of the following can be used to manage and store all documents, correspondence, and communication relevant to a contract?

8. Which of the following statements is FALSE about qualified sellers list in a project?

9. Buyers and sellers have many common goals, but some goals of the buyer will not benefit the seller. Likewise, the seller will sometimes have goals that conflict with those of the buyer. These could negatively affect the project if contracts are not negotiated appropriately. The primary objective of contract negotiations is to:

10. You are working to plan procurements for a project that will develop a prototype cruise ship. The prototype will be tested, perfected, and then used to create a small fleet. In addition to creating a procurement management plan, you must put together bid documents describing the project needs and the criteria that will be used to select a seller. Which of the following will occur during this project’s Plan Procurement Management process?

11. Which of the following is the best thing for a project manager to do in the Conduct Procurements process?

12. The project team is assessing the responses of prospective sellers who have submitted proposals. One team member argues for a certain seller while another team member wants the project to be awarded to a different seller. What part of the procurement process is the team in?

13. Jerry is a project manager of Ice Mart project, and he is in the middle of  issuing out a request for Proposal (RFP). What part of the procurement process is Jerry in?

14. Your program manager has advised that you need to protect the organization from financial risk. In planning a new project, you realize there is limited scope definition related to the work needed to fulfill the contract. What is the best type of contract to choose?

15. A seller is awarded a contract to build a water pipelines along 3 cities. The contract terms and conditions require a work plan to be issued for the buyer’s approval prior to commencing work, but the seller fails to provide one. Which of the following is the best thing for the buyer’s project manager to do?

16. Procurement closure is different from the Close Project or Phase process in that procurement closure:

17. You have just started work on procurement when management decides to terminate the contract. What should you do?

18. The project team is considering the prospective sellers who have submitted proposals. One team member supports a certain seller while another team member wants the project to be awarded to a different seller. The project manager should remind the team that the best thing to focus on in order to make a selection is the: