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EXOS XPS Prep Exam Questions With 100% Correct Answers
EXOS XPS Prep Exam Questions With 100% Correct Answers
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EXOS XPS Prep Exam Questions With 100% CorrectAnswers
A finger-pointing situation has evolved on your project. Your buyer and the services
seller are disputing the performance of obligations under the contract. Your buyer says
that the seller hasn't delivered the full service, and the vendor claims that your
organization is late with payments. Which statement below is the most true?
A. The buyer can file a contract claim against the seller, and the seller can respond to
that claim in the Manage Stakeholder Engagement process.
B. Part of closing the contract is resolving contract issues such as the one described
here.
C. Because both parties are at fault, this must be referred to a third party for mediation.
D. Either can file a contract claim against the other party, which would be resolved in
the control procurements process. - ANSWER>>>>>D
Claims against the contracted parties should be filed as a result of a dispute, and
resolving such claims is done in the process of Control Procurements. Claims
Administration is a Tool of this process, and that's what is being used. Therefore,
ANSWER 'D' is correct. ANSWERs 'A' and 'B' are both incorrect based on the PMBOK
Guide definitions of the Manage Stakeholder Engagement and Close Procurements
processes. ANSWER 'C' makes an assumption that both parties are at fault, which
hasn't yet been established. And, even if both parties are at fault, there exist resolutions
other than referring to a third party for mediation or arbitration.
A procurement audit is used in which process and for which purpose listed below?
A. Close Procurements and to identify successes and failures for lessons learned
purposes.
B. Administer Procurements and to build a credible litigation case for dispute resolution
C. Close Procurements and during receipt of goods and services to verify that delivery
by the seller is in line with the planned purchase of the buyer
D. Conduct Procurements and at any point within a contract when the sponsor has
raised an issue with the seller selection criteria - ANSWER>>>>>A
Procurement audits are a technique used during Close Procurements to identify
successes and failures that warrant recognition in the preparation or administration of
other contracts. These might be called lessons learned. Here, audits are of the overall
procurement process - from beginning to end of procurements. (PMBOK 12.4.2.1)
, ABC Company has a contract to deliver a new automated conveyor system to a
warehouse automation integrator, the NOW Corp. NOW's buyer called ABC two weeks
ago to discuss adding an option that had not been originally required. At his request,
ABC researched what it would take to add this optional feature and the uncertainties
that would be introduced. When the assessment was performed, ABC called NOW
back, and both agreed that adding the feature would be a good idea and that the
associated risks would be acceptable. What should the ABC delivery team do?
A. Continue delivery activities without the new feature based on the current contract.
B. Put the project on hold. Adjust the scope to include the new option.
C. Continue project efforts, adding the new option into the final conveyor system.
D. Update account documentation to add the option in future conveyor deliveries to
NOW. - ANSWER>>>>>A
This project is being performed under contract, and the new option has not yet been
added as a formal change to the contract. ABC should continue working without regard
to the discussed change (ANSWER A). Once the change has been formally
documented as an amendment to the contract, at that point 'B' would be the correct
ANSWER. 'C' would never be the right ANSWER, as one should not deliver an option or
feature that has not been properly documented in the requirements and design
documents. 'D' sounds good, and could almost be the right ANSWER, except that no
basis exists yet to make this change. Until the contract is formally amended, or a future
contract includes the option, the change is not officially approved.
As a project manager, you have been successful in your Total Event Coordination
(TEC) enterprise. For one banquet/concert event involving 1000 guests, you have
contracted with a country-western band to entertain. For an additional fee, a select
group of 200 guests can attend a backstage reception to meet the band members after
the concert for autographs and individual photos shot with the star vocalist. Immediately
after the concert, the band's producer comes to you to inform you that a long night
awaits the band in the bus trip to the next night's venue, and that the band is leaving
immediately, foregoing the backstage reception opportunity with the guests. What is the
most appropriate first response?
A. Immediately reset the stakeholders' expectations that there will be no backstage
reception
B. Begin early termination of the contract with the band producer for non-performance,
withholding final payment, and expres - ANSWER>>>>>C
ANSWER 'C' is the best first course of action at this point. 'A' may be a later result, but
is not the best approach for a successful close to this agreement. 'B' is not the best first
response, though the alternative may come up while discussing resolution approaches.
'D' is probably futile, this is not a law enforcement concern, but a civil matter.
As a relatively new project manager, Barry has found success by following the training
that his local PMI chapter has been providing about traditional project management. He
was tempted to use an Agile methodology in this software development project, but the
requirements documentation was so complete and detailed that he felt a waterfall
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