PMI PMP-Project Management Professional Practice Exam Q. 1251 to 1260
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Q. 1251: Recent data indicate that more than 10,000 airline passengers are injured each year from baggage that falls from overhead bins. You performed a make-or-buy analysis and decided to outsource an improved bin design and manufacture. The project team needs to develop a list of qualified sources. As a general rule, which method would the project team find especially helpful?
A. Advertising
B. Internet
C. Trade catalogs
D. Relevant local associations
Section: Mix Questions
Justification in favor of the correct answer:
Advertising in newspapers or specialty trade publications is an excellent way to identify qualified bidders. Detailed information about specific sources may require more extensive effort, such as site visits or contact with previous customers.
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Q. 1252: As you prepare to close out contracts on your project, you should review all the following types of documentation EXCEPT the:
A. Contract document for the contract being closed
B. Procurement audit report
C. Invoice and payment records
D. Seller performance reports
Section: Mix Questions
Justification in favor of the correct answer:
In most organizations, a procurement audit is conducted after the contract has been closed. Therefore, the project manager would not have a procurement audit report to review. Contract document for the contract being closed, invoice and payment records, and seller performance reports are examples of the documents that should be available to the project manager and should be reviewed at closeout.
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Q. 1253: You are working on a new project in your organization. You need to decide how best to staff the project and handle all its resource requirements. Your first step should be to:
A. Conduct a make-or-buy analysis
B. Conduct a market survey
C. Solicit proposals from sellers using an RFP to determine whether you should outsource the project
D. Review your procurement department’s qualified-seller lists and send an RFP to selected sellers
Section: Mix Questions
Justification in favor of the correct answer:
A make-or-buy analysis is a plan procurement management tool and technique used to determine whether a particular product, service, or result can be produced or performed cost effectively by the performing organization or should be contracted out to another organization. The analysis includes both direct and indirect costs and any administrative costs incurred to manage the contractor.
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Q. 1254: Your company decided to award a contract for project management services on a pharmaceutical research project. Because your company is new to project management and does not understand the full scope of services that may be needed under the contract, it is most appropriate to award a:
A. Firm-fixed-price contract
B. Fixed-price-incentive contract
C. Cost-plus-a-percentage-of-cost contract
D. Time-and-materials contract
Section: Mix Questions
Justification in favor of the correct answer:
A time-and-materials contract is a type of contract that provides for the acquisition of supplies or services on the basis of direct labor hours, at specified fixed hourly rates for wages, overhead, general and administrative expenses, and profit; and materials at cost, including materials-handling costs.
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Q. 1255: Requirements for formal contract acceptance and closure usually are defined in the:
A. Proposal
B. Statement of work
C. Contract terms and conditions
D. Procurement audit report
Section: Mix Questions
Justification in favor of the correct answer:
The contract terms and conditions typically describe the procedure the buyer will employ to close the contract.
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Q. 1256: You plan to award a contract to provide project management training for your company. You decide it is important that any prospective contractor have an association with a major university that awards master’s certificates in project management. This is an example of:
A. Setting up an independent evaluation
B. Preparing requirements for your statement of work
C. Establishing a weighting system
D. Establishing source selection criteria
Section: Mix Questions
Justification in favor of the correct answer:
The selection criteria are typically included in procurement documents and are then used to rate or score proposals.
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Q. 1257: All the following elements must be evident in a written contract for it to be legally enforceable EXCEPT:
A. Legal capacity
B. Mutual assent
C. Appropriate form
D. Pricing structure
Section: Mix Questions
Justification in favor of the correct answer:
The following elements must be present for a contract to be legally enforceable: legal capacity, mutual assent, consideration, legality, and an appropriate contract form that follows applicable laws governing businesses.
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Q. 1258: A purchase order is a good example of which form of contracting?
A. Unilateral
B. Bilateral
C. Trilateral
D. Severable
Section: Mix Questions
Justification in favor of the correct answer:
The purchase order is a unilateral (one signature) offer that includes a promise to pay upon delivery.
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Q. 1259: You are responsible for ensuring that your seller’s performance meets contractual requirements. For effective contract control, you should:
A. Hold a bidders’ conference
B. Establish the appropriate contract type
C. Implement the contract change control system
D. Develop a statement of work
Section: Mix Questions
Justification in favor of the correct answer:
Contract change control entails ensuring that contract changes are properly approved and that everyone who needs to know is made aware of such changes.
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Q. 1260: The primary benefit of contract control procurements is to ensure that:
A. Buyers conduct performance reviews
B. Payment is made in a timely fashion
C. Disagreements are handled quickly and to everyone’s satisfaction
D. Both parties meet contractual obligations and protect their legal rights
Section: Mix Questions
Justification in favor of the correct answer:
Contracts are awarded to obtain goods and services in accordance with the buyer’s stated requirements. Although there are multiple purposes in the control procurements process, ensuring that the seller delivers what is stated in the contract is of paramount importance.
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