Search Header Logo

Project Procurement Management Quiz

Authored by Sas Pratama

Business

University

Used 1+ times

Project Procurement Management Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Tom is a project manager for a software company. He is contracting a long-term software project with an external company. That company charges him $20/hour per employee and $300 overhead per month. What kind of contract is he using?

FP

CPAF

CR

T&M

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT true about bidder conferences?

All potential sellers should meet separately with the buyer.

Potential sellers should ask questions in an open forum so other sellers can hear the answers.

Bidder conferences are a good way to make sure sellers are treated fairly.

All sellers are given the same procurement documents.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You work for a seller that is bidding on a contract. Which type of contract has the MOST risk for your company?

CPIF

T&M

FP

CPAF

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following BEST describes the “point of total assumption” for a contract?

The point in a cost-plus contract where the buyer assumes that the seller will need to be paid

The total cost of a T&M contract

The point in a fixed-price contract where the seller has to assume all costs going forward

The total number of resources required for a contract

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You’re trying to decide whether or not to contract out a construction job. To do it within your company, you will have to hire an engineer for $35,000 and pay a construction team $15,000 per week. A contractor quotes you a price of $19,000 per week, and your expert agrees that you won’t find a lower price than that. The job will take 16 weeks. What’s the BEST way to proceed?

Pay the contractor to do the job.

Select a T&M contract.

Don’t contract out the work; hire the engineer and pay the construction team to do the work.

Make sure the contract has a force majeure clause.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You’re managing a project that might have to contract out work, and you’re comparing the relative advantages and disadvantages of finding a seller versus having your company do the work itself. Which process are you in?

Plan Procurement Management

Plan Contracting

Conduct Procurements

Request Seller Responses

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You’re using a qualified seller list. Which process are you in?

Plan Procurement Management

Plan Contracting

Conduct Procurements

Request Seller Responses

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?