PM General Questions - Communications and Procurement

Project Procurement Management The fixed price contract is advantageous to the buyer because it: 1. requires extremely well defined specifications 2. requires formal procedures for scope changes 3. contractor assumes financial and technical risk 4. has a known cost

Project Procurement Management The contract administration function includes: 1. funding management 2. managing relationships and interfaces 3. performance control 4. all of the above

Project Procurement Management The major type(s) of standard warranty(ies) that are used in the business environment is(are): 1. express 2. implied 3. negotiated 4. a and b

Project Procurement Management A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the contract progresses 2. a reimbursement of allowable cost of services performed plus an agreed upon percentage of the estimated cost as profit 3. the supplier with a fixed price for delivered performance plus a predetermined fee for superior performance 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the final price is dependent on the quantities needed to carry out the work.

Project Procurement Management Which phase of the Acquisition Process Cycle does source qualifications reside? 1. Pre-Award 2. Award 3. Post Award 4. Origination

Project Procurement Management From a contract management perspective, the project manager must consider the: 1. acquisition process 2. contract administration 3. ecological environment 4. offer, acceptance, and consideration 5. a and b

Project Procurement Management A performance bond should always provide what part of the contract value? 1. 10 percent 2. 25 percent 3. 50 percent 4. 100 percent 5. Normally a performance bond, depending upon the state, only stipulates that the contractor will guarantee the work for a certain period of time.

Project Procurement Management Which contract type places the most risk on the seller? 1. Cost plus percentage fee 2. Cost plus incentive fee 3. Cost plus fixed fee 4. Fixed price plus incentive fee 5. Firm fixed price

Project Procurement Management What are the types of express guarantees? 1. Design/ mechanical 2. Field workmanship 3. Common Work 4. Length of service 5. a and b

Project Procurement Management What is the last item a project manager must do to finalize project close-out? 1. Reassign the team 2. Contract completion 3. Archive the project records 4. Complete lessons learned 5. None of the above.

Project Communication Management Which of the following can cause a communication barrier? 1. Differing perceptions as to project goals and objectives 2. Insufficient action on the part of the project manager 3. Competition for facilities, equipment, material, manpower and other resources 4. Personality conflicts between managers and/ or other personnel 5. Resistance to change 6. All of the above

Project Communication Management Most of the project manager's external communication links consist of: 1. Written documents 2. Oral communication 3. Tactile contact 4. Informal contact

Project Communication Management The critical element in a project's communication system is the: 1. Progress report 2. Project directive 3. Project manager 4. Customer

Project Communication Management Communication management: 1. Is important only in projects involving telephone, television, radio, or newspaper production facilities and operations 2. Is not a big problem for people with normal speech, sight and hearing 3. Involves the originator, the message, the medium and the receiver 4. Preparing an agenda

Project Communication Management Truly effective communication: 1. Depends on using multiple channels 2. Depends on selecting the right method for each message and avoiding duplication, since everyone is overloaded with information 3. Cannot depend solely on non-verbal signals which might be misunderstood 4. Can only be achieved by communication professional 5. a, b and c