Project Procurement Management - Processes Describe the Inputs, Tools and Techniques , Outputs included in the Plan Purchase and Acquisitions?

Correct Answer: The Project Procurement Management processes include the following: Plan Purchases and Acquisitions - determining what to purchase or acquire and determining when and how Plan Contracting - documenting products, services, and results requirements and identifying potential sellers Request Seller Responses - obtaining information, quotations, bids, offers, or proposals, as appropriate Select Sellers - reviewing offers, choosing among potential sellers, and negotiating a written contract with each seller Contract Administration - managing the contract and relationship between the buyer and seller , reviewing and documenting how a seller is performing or has performed to establish required corrective actions and provide a basis for future relationships with the seller, managing contract-related changes and, when appropriate , managing the contractual relationship with the outside buyer of the project Contract Closure - completing and settling each contract, including the resolution of any open items, and closing each contract applicable to the project or a project phase

Correct Answer: I Inputs Risk management plan Risk register Approved change requests work performance information performance reports II Tools and Techniques Risk reassessment Risk audits Variance and trend analysis Technical performance measurement Reserve analysis Status meetings III Outputs Risk register (updates) Requested changes Recommended corrective actions Recommended preventive actions Organizational process assets (updates) Project management plan (updates)

Correct Answer: I Inputs Risk management plan Risk register II Tools and Techniques Strategies for negative risk or threats Strategies for positive risks or opportunities Strategies for both threats and opportunities Contingent response strategy III Outputs Risk register (updates) Project management plan (updates) Risk - related contractual agreements

Correct Answer: I Inputs Organizational process assets Project scope statement Risk management plan Risk register Project management plan - Project schedule management plan - Project cost management plan II Tools and Techniques Data gathering and representation techniques Quantitative risk analysis and modeling techniques III Outputs Risk register (updates)

Correct Answer: I Inputs Organizational process assets Project scope statement Risk management plan Risk register II Tools and Techniques Risk probability and impact assesment Probability and impact matrix Risk data quality assessment Risk categorization Risk Urgency assessment III Outputs Risk register (updates)

Correct Answer: I Inputs Procurement management plan Contract statement of work Make-or-buy decisions Project management plan - Risk register - Risk related contractual agreements - Resource requirements - Project schedule - Activity cost estimate - Cost baseline II Tools and Techniques Standard forms Expert judgment III Outputs Procurement documents Evaluation criteria Contract statement of work (updates)

Correct Answer: I Inputs Organizational process assets Procurement management plan Procurement documents II Tools and Techniques Bidder conferences Advertising Develop qualified sellers list III Outputs Qualified sellers list Procurement document package Proposals

Correct Answer: I Inputs Organizational process assets Procurement management plan Evaluation criteria Procurement document package Proposals Qualified sellers list Project management plan - Risk register - Risk related contractual agreements II Tools and Techniques Weighting system Independent estimates Screening system Contract negotiation Seller rating systems Expert judgment Proposal evaluation techniques III Outputs Selected sellers Contract Contract management plan Resource availability Procurement management plan (updates) Requested changes

Correct Answer: I Inputs Contract Contract management plan Selected sellers Performance reports Approved change requests Work performance information II Tools and Techniques Contract change control system Buyer-conducted performance review Inspections and audits Performance reporting Payment system Claims administration Records management system Information technology III Outputs Contract documentation Requested changes Recommended corrective actions Organizational process assets (updates) Project management plan (updates) - Procurement management plan - Contract management plan

Correct Answer: I Inputs Procurement management plan Contract management plan Contract documentation Contract closure procedure II Tools and Techniques Procurement audits Records management system III Outputs Closed contracts Organizational process assets (updates)