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PMBOK Chapter 12 5th Edition - Practice Test 10 Questions And Answers
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PMBOK Chapter 12 5th Edition - Practice Test 10Questions And Answers
You are managing a project that has been outsourced to a vendor. Your team performs
the final walkthrough and finds that the vendor has omitted a key deliverable. Which of
the following is what you should have done?
A Utilize integrated change control
B Utilize inspections and audits
C Withhold payment
D Requested more performance reports - ANSWER Inspections and audits (Choice B)
can be executed during the project to verify compliance in the sellers work processes or
deliverables. In some instances, buyer procurement personnel are allowed by contract
on some inspection and audit teams. Had you used this tool and technique throughout
the project you would have found this problem well before the final walk through
PMBOK® 12.3.2.3, pg 383
Which of the following terms suggests that the seller's response will be judged on
technical grounds?
A Bid
B Quote
C Tender
D Proposal - ANSWER Choice D is the correct answer. Bid, quotation and tender all
indicate that the buyer is looking at price terms. Proposal indicates that the buyer is
interested in other considerations, such as technical capability or technical approach.
PMBOK® 12.1.3.3, pg 368
Which of the following would NOT be a major component of an agreement contract?
,A Pricing
B Roles and responsibilities
C Warranty
D Risk register - ANSWER Project documents that are often considered with the
Conduct Procurements process include the risk-related contract decisions included
within the risk register (Choice D), but the risk register is not a component of
agreements. PMBOK® 12.2.3.2, pgs 377-378
Which of the following statements about the Control Procurements process is TRUE?
A. Control Procurements includes managing early contract terminations.
B. Contracts cannot be changed.
C. Project managers should interpret all contracts.
D Seller evaluations are done to withhold rewards - ANSWER The Control Procurements
process includes managing any early terminations (Choice A) of the contracted work -
for cause, convenience, or default - according to the termination clause of the contract.
PMBOK® 12.3, pg 381
A __________ is a mutually binding agreement that obligates the seller to provide
something of value-such as specified products, services, or results-and that obligates
the buyer to provide monetary or other valuable compensation.
A Service level agreement.
B Contract.
C Purchase order.
D Fixed bid. - ANSWER A contract (Choice B) is a mutual agreement that binds both
parties, the seller to provide something of value, such as specified products, services,
or results, and the buyer to provide monetary or other valuable compensation. An
agreement may be simple or complex and may reflect tile simplicity or complexity of the
deliverables or required effort. PMBOK®, 12, pg 357
Where would you find the procurement metrics used to manage contracts?
, A Procurement SOW
B Procurement documents
C Make-or-buy decisions
D Procurement management plan - ANSWER Procurement metrics to be used to
manage contracts and evaluate sellers would be found in the procurement management
plan (Choice D). PMBOK® 12.1.3.1, pg 366
Planning purchases requires expert judgment. Which of the following is NOT consistent
with using expert judgment?
A Builds buy-in
B Helps with input and output assessment
C Helps develop seller evaluation criteria
D Expert legal judgment can assist with terms and conditions of unique procurements
(Choice D). ASSIST WITH LEGAL TERMS OF A CONTRACT - ANSWER Expert technical
judgment will many times be called on to evaluate the inputs and outputs (Choice B).
Expert purchasing judgment may be utilized in developing or revising the evaluation
criteria for seller proposals (Choice C). Choice A is correct because it does NOT apply.
PMBOK® 12.1.2.2, pg 365
Dan's vendor relation is very stressful because it takes him so long to match invoices to
contract lines, and for his payables department to cut checks. Which of the following
would increase the efficiency of the Control Procurements process?
A Better proposal documents
B Approved change requests
C A records management system
D Arbitration - ANSWER A records management system (Choice C) can streamline the
process because it is a distinct set of procedures, related control functions, and
automation tools that are centralized and integrated as part of the project management
information system. PMBPOK 12.3.2.7, pg 339
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