Question 1:
Which of the following is a primary output of the Plan Procurement Management process?
Explanation: The primary output of the Plan Procurement Management process is the Procurement Management Plan, which documents how procurement processes will be managed throughout the project.
Question 2:
Which of the following is a type of contract that transfers the most risk to the seller?
Explanation: The Fixed Price (FP) Contract transfers the most risk to the seller, as the price is fixed, and any cost overruns or risks are borne by the seller.
Question 3:
Which of the following is an example of a make-or-buy analysis?
Explanation: A make-or-buy analysis involves determining whether to outsource a project component or produce it in-house. It helps in deciding whether to make the product or service internally or buy it from external suppliers.
Question 4:
Which of the following is a tool or technique used in the Control Procurements process?
Explanation: Procurement Audits are a tool or technique used in the Control Procurements process. They help evaluate the procurement process and ensure compliance with the contract and procurement management plan.
Question 5:
Which of the following is an example of a fixed-price incentive fee contract?
Explanation: A Fixed Price with Economic Price Adjustment (FP-EPA) Contract is an example of a fixed-price incentive fee contract. It provides for adjustments in the contract price based on changes in specified economic indices.
