Project Procurement Management - Processes Describe the Inputs, Tools and Techniques , Outputs included in the Contract Administration?

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 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 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 Enterprise environmental factors Organizational process assets Project scope statement Work breakdown structure WBS dictionary Project management plan - Risk register - Risk - related contractual agreements - Resource requirements - Project schedule - Activity cost estimates - Cost baseline II Tools and Techniques Make-or-buy analysis Expert judgement Contract types III Outputs Procurement management plan contract statement of work make-or-buy decisions Requested changes

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 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)

Correct Answer: 9

Explanation:

Answer A is incorrect because it pertains to the processes. Answer C is incorrect because these are the five phases of a project. Answer D is incorrect because there are 39 processes, not knowledge areas.

Correct Answer: Core processes are performed in the same sequence and facilitating processes are intermittent

Explanation:

Answer A is incorrect because the core processes do not necessarily take more time and resources than facilitating processes. Answer C is incorrect because core processes are not usually tied with micromanagement of tasks. Answer D is incorrect because core processes are performed in the same sequence on most projects.

Correct Answer: time, scope, cost

Explanation:

Scope, quality, and cost are the triple constraints. Quality is a function of these three areas and can impact them; however it is not considered one of the components of the triple constraint. Therefore, Answer A, B, and C are incorect.

Correct Answer: A program is composed of one or more related projects.

Explanation:

Answer A is incorrect because there is a definite difference between the two terms. Answer B is incorrect because just the opposite is true. Answer D is incorrect because a program is a group of projects, which are temporary endeavors.