9 Procurement Quiz

A project has been terminated and the project manager is working on closing out the procurements. Where will he find the information to terminate the procurements?

Agreements.

Project management plan.

Source selection criteria.

Questionnaires and surveys.

Against the desires of a key stakeholder, one procurement contract was written as cost-reimbursable. The contract is concluded and a key step during the procurements closing should be?

Audit the cost submittals.

Terminate the contract and rewrite it as fixed price.

Engage the key stakeholder to meet with the seller.

Reevaluate the seller in a bidders conference.

During the procurement process, you discover that a college friend is the project manager for her company's portion of the project. She tells you that if her company is selected, she will get a much deserved promotion. You need to do which of the following?

Tell the selection committee that you have a personal relationship with the vendor and request that you not be involved in the selection committee.

Let the committee know that you know the project manager and that her company deserves the contract.

Recommend that your friend's company get the business but do not inform the selection committee of your ties to the vendor.

Tell your friend you will do what you can, but remain neutral in the selection process.

During the procurements audit, the team discovered that a miscalculation has occurred and the company is being charged double the contract price. There is no statement in the contract about correcting errors in billing. What should you do as the project manager?

Keep making payments while talking to the legal team.

Continue auditing the process.

Stop making payments while talking to the legal team.

Terminate the contract and return all unused materials.

One of the sellers has completed their work as specified in the contract and you are proceeding to close out the purchase. Your quality team is not satisfied with the work as the machining tolerances are not as close as they had hoped for. You need to do which of the following with the seller?

Close out the procurement and start a new contract for any rework.

Request that they rework the parts to the desired tolerances.

Terminate the contract.

Request that they rework the parts to the specified tolerances.

The company is managing the electrical subcontract is requesting a change in the contract terms due to a labor issue. They wish to have the labor terms increased in respect to the union request to dangerous work, but have also agreed that they will reduce the equipment fee costs. In order to accept these new terms, the project manager needs to review which of the following?

Contract change control system

Procurement performance review

Payment systems

Procurement management plan

The financing department is calling about a series of procurements that the project manager wants closed. The accountant is asking why procurements are being closed out when the project only started a few days ago. He wants to close the procurements when the project is complete. What is true about closing procurements and the closing the project?

Closing procurements can be performed multiple times during a single project, but the project is only closed once

It is best to wait to close procurements when the project is being closed.

The project closing phase can be completed many times.

Procurements can be closed only once.

The general contractor for a construction project has been working with a subcontractor which keeps asking to rewrite portions of the contract. Work has only just begun and the subcontractor has requested another change for a major portion of the contract. Due to the number of contract changes, the general contractor has decided that the best course of action is which of the following?

Terminate the contract and work with one of the other subcontractors that bid on the project.

Hold a bidder conference.

Discuss the issue with the project sponsor.

Review the selection criteria.

The project manager is closing out a major purchase and has the procurement documentation. What else does the project manager need to complete closing out the procurement?

The project management plan.

Project deliverables.

The records managment system.

He needs to waits until the rest of the procurements are ready to close out.

Two of the companies bidding on part of the construction project have been asking the similar questions. Another company has submitted a bid that is 50% lower than what was estimated for the budget. What should the project manager do next?

Hold a bidder conference.

Accept the bid immediately.

Look for an independent estimate to reevaluate the budget.

Wait until the other companies have submitted their bids and then review them all according to the source selection criteria.

9 Procurement Quiz

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