In what type of contract is the seller reimbursed for all allowable costs for performing the contract work and receives a predetermined fee based upon achieving certain performance objectives as set forth in the contract?
A. Cost-plus-fixed-fee
B. Cost-plus-incentive-fee
C. Firm-fixed-price
D. Fixed-price-incentive-fee
What is the tool and technique used to request seller responses?
A. Procurement documents
B. Expert judgment
C. Bidder conferences
D. Contract types
A contract change control system defines which of the following?
A. Process by which the procurement is being satisfied
B. Process by which the procurement can be modified
C. Process by which the procurement can be obtained
D. Process by which the procurement can be disposed
Which type of analysis is used as a general management technique within the Plan Procurements Process?
A. Risk assessment analysis
B. Make or buy analysis
C. Contract value analysis
D. Cost impact analysis
A purchase order for a specified item to be delivered by a specified date for a specified price is the simplest form of what type of contract?
A. Cost-reimbursable
B. Time and material
C. Fixed price or lump-sum
D. Cost-plus-fixed-fee
Which of the following is an example of the simplest fixed-price contract?
A. Purchase requisition
B. Purchase order
C. Verbal agreement
D. Request for quote
Which of the following lists contain processes that are included within Project Procurement Management?
A. Plan purchases and acquisitions, plan contracting, request seller responses, select sellers
B. Plan purchases and acquisitions, request seller responses, select sellers, schedule control
C. Plan purchases and acquisitions, acquire project team, request seller responses, select sellers
D. Plan purchases and acquisitions, acquire project team, contract approval, select sellers
What risk technique is used to quantify the probability and impact of risks on project objectives?
A. Expert judgment
B. Risk registry
C. Risk response planning
D. Interviewing
What defines the portion of work included in a contract for items being purchased or acquired?
A. Procurement management plan
B. Evaluation criteria
C. Work Breakdown Structure (WBS)
D. Contract Statement of Work (SOW)
What is one of the objectives of project risk management?
A. Decrease the probability and impact of event on project objectives.
B. Distinguish between a project risk and a project issue so that a risk mitigation plan can be put in place.
C. Increase the probability and impact of positive events.
D. Removal of project risk.
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