Knowledge Area Quiz Project Procurement Management

Practice Questions
Test Name: Knowledge Area Test: Project Procurement Management
Total Questions: 10
Correct Answers Needed to Pass: 7 (70.00%)
Time Allowed: 15 Minutes

Test Description
This practice quiz specifically targets your knowledge of the Project
Procurement Management knowledge area.

Test Questions
1. Which of these is not an input to the Control Procurements process?
A. Agreements
B. Change requests
C. Work performance data
D. Work performance reports
2. Which of the following is not a tool or technique of the Control
Procurements process?
A. Payment system
B. Configuration management system
C. Contract change control system
D. Records management system
3. You have received a proposal for an RFP that was sent to vendors.
One of the vendors has proposed doing the project for $12,500. The
cost for the project is $10,000 and their profit will be $2,500. Which
type of contract is most suitable for this situation?
A. Cost Plus Fixed Fee
B. Cost Plus Percentage of Cost
C. Fixed price
D. Cost Plus Incentive Fee
4. Your company requires that before you purchase any routers or
switches for the data center you are building, you need to solicit
quotes from three separate suppliers prior to submitting the
purchase request to the finance department. This policy belongs to:
A. Organizational Process Assets
B. Enterprise Environmental Factors
C. Procurement Management Knowledge Area
D. Make-or-Buy Decision
5. Which process involves verification and acceptance of all project
deliverables and thus supports the Close Project or Phase process?
A. Perform Integrated Change Control
B. Validate Scope
C. Estimate Activity Durations

6.

7.

8.

9.

10.

D. Control Costs
Which of the following is accurate regarding agreements in Project
Procurement Management?
A. Agreements can never be terminated.
B. Terms and conditions never include the seller's proposal
C. Agreements are informal documents.
D. Agreements are legal documents between a buyer and a
seller.
What is the purpose of a bidder conference?
A. Awarding a contract to the most suitable vendor
B. Pre-qualifying the potential sellers
C. Ensuring all vendors have a clear understanding of the
procurement
D. Developing a comprehensive sellers list
The types of contracts that can be used in a project are documented
in the:
A. Request for Proposal (RFP)
B. Procurement management plan
C. Procurement statement of work
D. Work breakdown structure (WBS)
Different types of contracts are appropriate for different types of
purchases. Which of these is not one of the three broad categories
of contracts?
A. Cost-reimbursable
B. Time and Material
C. Fixed-price or lump-sum
D. Fixed-assessment
You are building a mansion that will have copper roofs. The duration
of the project will be approximately three years. You have built into
the contract that, as the price of copper increases, your price
increases as a percentage of the cost of the copper. However, all
other costs are fixed. This is an example of what type of contract?
A. Fixed Price with Economic Price Adjustment
B. Fixed Price Incentive Fee
C. Unit Price
D. Time and Materials

Answers
1. B - Change requests are not inputs to the Control Procurements process.
The other choices are valid inputs to this process. [PMBOK 5th edition,
Page 379] [Project Procurement Management]
2. B - The configuration management system is not a tool and technique of
the Control Procurements process. The other choices are valid tools and
techniques of this process. [PMBOK 5th edition, Page 379] [Project
Procurement Management]
3. C - It looks as if the vendor is asking for a cost-plus-fixed-fee contract.
However, by asking for a fixed $12,500, the vendor is actually asking for a
fixed-price contract. The cost and fee are just the components the vendor
has estimated to come up with a final price. [PMBOK 5th edition, Pages
362, 363] [Project Procurement Management]
4. A - Any type of corporate policy or formal procurement procedure is an
organizational process asset. [PMBOK 5th edition, Page 27] [Project
Procurement Management]
5. B - The Validate Scope process formalizes the acceptance of the
completed project deliverables and thus supports the Close Project or
Phase process. [PMBOK 5th edition, Page 133] [Project Scope
Management]
6. D - Agreements are legal and formal documents between buyers and
sellers. [PMBOK 5th edition, Page 357] [Project Procurement
Management]
7. C - Bidder conferences are also called contractor conferences or vendor
conferences. Their purpose is to provide all vendors with an
understanding of the project requirements and to give all vendors equal
time to get their questions answered. [PMBOK 5th edition, Page 375]
[Project Procurement Management]
8. B - The types of contracts that can be used in a project are documented in
the Procurement Management Plan. [PMBOK 5th edition, Page 366]
[Project Procurement Management]
9. D - Fixed-assessment is not a category of contracts. [PMBOK 5th edition,
Page 362] [Project Procurement Management]