Per organizational policy any commodities purchased for a project must be either the least cost option available or a sole source. Which project process and tool and technique does this most impact?

A project manager is leading a project in which a vendor was engaged under a time and materials contract. During a procurement audit, it was discovered that the vendor had been using ghost employees to inflate the cost of the project artificially. As a result, the vendor was terminated for cause. Which organizational process asset is updated to ensure the vendor will not be allowed to work on future projects?

You are managing a project that is nearing its end and planning to settle all pending claims with the vendors. In one case, you are not satisfied with the delivery of their final product. All conversations with the vendor have ended in an impasse What should you do in this situation?

A project manager is leading a project to install self-service kiosks. After a bidder conference, one of the prospective vendors asks the project manager if a WiFi connection is required to establish connectivity with the kiosks. The project manager realizes that the WiFi is indeed required but was not discussed at the conference nor was it part of the bid documents. What is the best course of action for the project manager?

In a meeting with your team, you discuss the importance of a process that ensures that both your company and the contractors meet procurement requirements You explain that this process is key to managing the contract relationship, monitoring contract performance, and making changes and corrections as appropriate. Which of the following are you describing to the team member?

You are leading a large and complex project, which requires various vendors and suppliers to provide project deliverables. One of your vendors contacts you and states that they have just completed their contracted work and would like to know when they will receive final payment. How might you respond to the vendor's question?

An accounts payable manager withholds the payment for the rental of a piece of equipment The rental company claims the money is due in full because the piece of equipment was necessary to fulfill the objectives of the statement of work defined in the contract. Further talks lead nowhere as both parties cannot come to an agreement. What is the next step for them to take in this situation?

You are the project manager for a large healthcare organization managing the installation of an electronic medical record (EMR) system. The installation requires a lot of different hardware purchases since this will be the first time an EMR has been used in the organization You have been working through the procurement process, and you are now in the Control Procurements process. Which of the following activities will you perform as part of that process?

During your search for an external contractor, you are evaluating proposals received in response to the bid package. Your evaluation includes ensuring the complete response to the bid documents, procurement statement of work, source selection criteria, and any additional documents that went out in the bid package. What tool or technique are you using?

You are finalizing the open claims with the contractor that delivered some of the components for your project. Which project management process are you currently performing?

You are managing a project that involves vendors. Midway into project execution, the sponsor hands you a formal letter from the customer informing you that your project has been terminated effective immediately. You are shocked since the project was going well and was forecasted to finish ahead of schedule and under budget What should you do first?

The project sponsor is concerned about possible ethics violations between the project and vendors. What independent review can the sponsor order?

Services are still being billed to the project even though the project manager believes no additional services are required or requested What is the best course of action for the project manager to take?

As you plan your project, you realize that you will need to acquire services from several vendors. However, due to the complexity of requirements, you are concerned that without additional input from the potential sellers, developing an adequate procurement strategy might be difficult What tool or technique would be most helpful in this situation?

One of your contractors is not performing to the agreed-upon standards. You want to terminate the contract and engage another contractor for the same job. You need to determine the specific legal procedure for the early termination of the contract. What should you do?

The project manager is in discussions with vendors about their bids that came in higher than expected. Additionally, according to the vendors' responses, none of them will be able to deliver by the deadline requested The project manager talks to the sponsor and other key project stakeholders to see if additional funds are needed to cover the extra costs and deliver on schedule. Which process is the project manager performing?

You are considering using Unique Foods for a catering work package in your project. Unique Foods has begun ordering food based on informal discussions with you. They are requesting funds to order the rest of the supplies and begin work. What is your next best response?

The project team is in need of additional resources to complete project work. They want to procure the items while keeping costs under control. Which of the following should they reference to make their decisions?

As a result of the customer inspection, the project manager realizes that some of the components of the project management plan, such as the cost baseline, schedule baseline, and procurement management plan, should be updated. What should the project manager do next?

Nearing the end of the project, while reviewing the final invoices for payment, the project manager notices that one of the sellers performed some change requests that were not approved After several conversations, the project manager and the seller cannot reach an agreement on compensation for the changes. How should the project manager resolve this situation?

In order to procure required materials for a project, your team prepares documents that will be used to solicit information, quotations, and proposals from prospective sellers. The documents are structured to facilitate an accurate and complete response from each prospective seller and to facilitate the evaluation of the responses. What type of documents is your team creating?

Your organization has a dedicated procurement department Per your request, the department prepares the procurement documentation and, during the next week, will request bids from the prospective vendors. You really want XYZ Incorporated to be selected. What can you say to XYZ Incorporated?

For a project, strict quality specifications must be followed, and all project team members were required to read and sign off on the quality management plan, acknowledging complete understanding of the specifications. The project manager suspects that one or more of the project's primary material vendors is not supplying parts that meet project quality specifications. What should the project manager do first?

You are managing a project to develop a robotic window washing system. Many of the necessary parts of the robotic system will be obtained from third-party vendors. At this point in the project, you have obtained the vendor responses for the electronics required for the robots, selected a vendor, and awarded a contract. Which of the following should you do next in Project Procurement Management?

A project manager has ongoing issues with a pre-qualified seller who has repeatedly failed to meet quality standards outlined by the company The seller has also been unresponsive when the project manager has tried to resolve the quality issues. The project manager wants to ensure that this seller will not be considered again for future contracts. What is the best course of action for the project manager to take in this situation?

You have completed a nine-month project, and you are in the closing stage The project completed on time and under budget and everyone in your department has congratulated you on your achievement The vice president of your company heard about the success of your project and wants a summary overview of project performance so that he can talk about your success at the next board meeting What should you provide to him?

You have been tasked to lead a high-priority project that will involve a very large number of stakeholders. Several project team members from various functional units within the organization have been pre-assigned to the project You are currently working on the processes necessary to acquire goods and services needed from outside the organization. In which Project Management Knowledge Area are you currently involved?

During your project, you had contracted with an electrician to perform the electrical work for constructing an office building You have completed your project ahead of schedule and under budget. You want to close out this procurement. However, you are unsure where you can find the requirements for the formal procurement closure. What should you do?

While planning the vendor selection process, you and your team are conducting market research by examining the industry and specific seller capabilities Your project team leverages information gained at conferences, on line reviews, and various other sources to identify market capabilities What tool or technique are you using for this process?

Due to the complexity of a project, representatives from various departments of your company are invited to participate in seller proposal evaluation including Finance, Real Estate, Engineering, and Sales and Marketing. Based on this situation, what tool or technique are you using?