PMP Procurement Management Questions

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?