Chapter 12 Procurement Management
Authored by Suci Miranda
Special Education
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The make-or-buy analysis in Procurement Management should consider which of the following costs while making the make-or-buy determination?
Only the Direct Costs
Both the Direct and Indirect Costs
Only the indirect Costs
Only the Cost of Quality
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Meetings conducted with all prospective sellers and buyers prior to submittal of a bid or proposal are called?
Responses
Bidder Conferences
Group Meetings
Team Meetings
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In project procurement management, regardless of the document complexity, a contract is:
A procurement document
A project document
A mutually binding legal agreement
A statement of proposal
4.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Zip Cars Inc. is working on building a low-cost automobile, which is targeted at lower economic groups. The research engineers overshoot their budget and schedule when designing the engine and the rest of the structure of the automobile. However, the design is ready and now Zip Cars Inc. is ready to conduct procurements. To compensate for the money and time lost due to the delay in the design phase, the head of engineering has called all of his trusted advisors for brainstorming session to generate ideas for reducing the costs of the project from now on. The following are some suggestion made during the brainstorming session: (I). Give more weight to the cost element while negotiating with the vendors for the plastic spares which are less critical. (II). Give more weight to preferred vendors while negotiation with the vendors for all spares. (III). Offer a percentage of profit to the vendors instead of payments for the spares. In which phase of the project and knowledge area of the PMBOK Guide will these ideas be implemented?
Project Planning/Procurement Management
Project Monitoring and Controlling/procurement Management
Project Execution/Procurement Management
Project Monitoring and Controlling/Cost Management
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a tool or technique of the Close Procurement process?
Make-or-Buy Analysis
Internet Research
Procurement Audits
Advertising
6.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
Brittany has been chosen as the project manager for a project that will supply specialized furniture to all of the hospitals in the state of Nevada. She decides that Cost Plus Incentive Fee contracts would best suit the organizational requirements. In addition, it is decided that if the total project cost is less than the original estimated cost, then the cost savings would be shared with the sellers on an 80/20 basis. As part of the execution phase of the procurement process, which of the following activities will Brittany NOT perform?
Deciding on sellers for the procurements
Bidder conferences
Procurement negotiations
Reporting seller performance
7.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
You are managing a construction project and are planning to contract out some work packages from your WBS to another company because your team lacks the expertise to perform this work. This work is critical to the success of your project and you want to retain tight control of the outsourced project activities. Which of the following would best help you to retain control and maintain your influence on the outsourced work?
Maintaining good relations with the contractor company
Negotiating an appropriate type of contract
Micro-management of the contractor company project management processes
Not interfering with the project work during the execution phase
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