Question 1:
Which of the following is NOT a procurement management process in project management?
Explanation: The correct answer is D) Manage Procurements. The procurement management processes in project management include Plan Procurement Management, Conduct Procurements, and Control Procurements.
Question 2:
Which of the following is a technique used for source selection in procurement management?
Explanation: The correct answer is A) Bidder Conference. A bidder conference is a technique used to clarify requirements and answer questions from potential sellers during the procurement process.
Question 3:
Which document defines the procurement items and their requirements in procurement management?
Explanation: The correct answer is B) Procurement Statement of Work. The Procurement Statement of Work is a document that describes the procurement items or services and their requirements in procurement management.
Question 4:
Which of the following is a type of contract used in procurement management that involves a fixed total price for a well-defined product or service?
Explanation: The correct answer is C) Firm Fixed Price (FFP) Contract. A Firm Fixed Price (FFP) contract involves a fixed total price for a well-defined product or service, and the buyer bears the risk of cost overruns.
Question 5:
Which of the following is a technique used to control procurements in project management?
Explanation: The correct answer is B) Variance Analysis. Variance Analysis is a technique used to compare the actual performance of a project or procurement to the planned performance and identify any deviations or variances.
