5 Questions on Procurement....

Submitted by krantikumar50 on Sun, 07/15/2012 - 14:13

Hello All,


 


Please see below for 5 questions on PPM or Project Procurement Management. Let me see how many do you get.


 


1.       The buyer structures procurement documents to document all of the following EXCEPT:


a.       Facilitate an accurate and complete response from each prospective seller


b.      Include a description of the desired form of the response


c.       Include the relevant procurement SOW and any required contractual provisions


          d.  Provide a list of potential bidders to each prospective seller


 



2.      Approved change requests can generally include all of the following EXCEPT:


a.       Modifications to the T&C of the contract


b.      Modifications to pricing


c.       Seller Invoices


d.Modifications to the description of the products, services, or results to be provided



 



3.       Which of the following is FALSE about advertising as one of the conduct Procurements process T&T:


a.       Some Government jurisdictions require public advertising of certain types of procurement items


b.      Advertising can often be used to expand existing list of potential sellers


c.       Advertising in general circulation publications can cause public pressure resulting in bid disputes


d.   Advertising can be placed in general circulation publications, such as selected newspapers, or in specialty trade publications


 



4.       In which type of contract must buyers precisely specify the products or services being procured?


a.       Cost plus award fee contracts


b.      Fixed price contracts


c.       Cost reimbursable contracts


d.      Partnership contracts


 


5.       Constructive Changes are:


a.       Postponed as long as possible to protect the budget


b.      Viewed as negative, quantified and tabulated


c.       Uniquely identified & documented by project correspondences


d.Submitted for bids to the relevant vendor list



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Zephyr

Sun, 07/15/2012 - 14:25

 Hello KK,

My answers below - please advise-

1.  d

2. c

3.c

4. b

5. c

Thanks

krantikumar50

Sun, 07/15/2012 - 16:01

Hi Zephyr, Let few more chip in and then I shall let you know the correct answers. However, I must tell you Zephyr that you are doing well in Procurements which always has been my delta area. Warmly, KK...

karthik21

Sun, 07/15/2012 - 16:06

 1.d

2.a
3.c
4.b
5.b

krantikumar50

Sun, 07/15/2012 - 16:14

Karthik, spend some more time on Procurements. Warmly, KK...

Rainey

Sun, 07/15/2012 - 20:02

Hello,


Here are my responses:


1. d


2. a


3. c


4. b


5. c

krantikumar50

Mon, 07/16/2012 - 02:25

Zephyr is 100 percent correct. All (5) his answers are True.


 


I had taken these questions from Q & A for the PMBOK Guide Fourth Edition by Frank T Anbari, PMP.


 


These questions are also available on www.pmi.org. Anyone who is a PMI member can easily get this book's questions from the e-reference section of PMI.org.


 


Warmly, KK...

nkthukral

Mon, 07/16/2012 - 02:30

D
D
C
B
D