Question 368: Your project has begun with a planned series of iterations that will

gradually define the scope of work required. You are negotiating with a potential supplier

of services. What is the BEST form of contract to enter into?

A: Fixed-price-incentive-fee

B: Time and materials

C: Cost-plus-fixed-fee

D: Firm-fixed-price

Question 369: During your project there has been an unforeseen amount of work

that requires urgent and immediate attention from an external contractor to ensure it

does not adversely affect the project. What sort of contract for services is BEST to use in

this instance?

A: Fixed-price incentive fee

B: Time and materials

C: Cost-plus-fixed-fee

D: Cost-plus-incentive-fee

Question 370: You are leading your team through the process of making

procurement decisions and selecting the appropriate procurement documentation to use

when procuring services from external contractors. Which of the following is not a form of

procurement document?

A: Request for fixed price contract (RFPC)

B: Request for proposal (RFP)

C: Request for quotation (RFQ)

D: Request for information (RFI)

Question 371: Several procurement specialists on your team have completed the

procurement management plan for your project. Which of the following is not an output

you would expect from them?

A: Source selection criteria

B: Procurement statement of work

C: Procurement management plan

D: Project scope statement

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CHAPTER 1 ■ QUESTIONS

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Question 372: You are the project manager on a large project to develop a new

customer information database for your organization. You are currently assessing the

merits of developing key components of the required software in-house by your own

development team compared to getting an external contractor to complete the work.

What technique are you using?

A: Risk-related contract decisions

B: Make-or-buy analysis

C: Source selection criteria

D: Expert judgment

Question 373: You are letting your project team analyze responses received to some

of your procurement documents and you are beginning the process of selecting the

successful seller. Which of the following is not an example of selection criteria used to

select sellers?

A: Technical capability

B: Make-or-buy decision

C: Management approach

D: Proprietary rights

Question 374: You are currently obtaining seller responses to an RFP you issued

and, after assessing the responses, you expect to select a seller and award a contract for

delivery for services on your project. What process are you carrying out?
A: Close Procurements

B: Plan Procurement Management

C: Conduct Procurements

D: Control Procurements

Question 375: You are carrying out the process of obtaining seller responses,

selecting a seller, and an awarding a contract. You wish to make sure that you complete

the process thoroughly and use any and all inputs that may be useful to you. Which of the

following is not an input into the Conduct Procurements process?

A: Procurement statement of work

B: Source selection criteria

C: Resource calendars

D: Project management plan