Task 5 Plan and Manage Procurement PMP Practice Questions (Page 1)

Questions 1–5

1. 1expert · hard

   A project manager is negotiating a contract with a supplier. The supplier has a strong market position, and the project has no alternative supplier. The project manager has prepared a list of objectives and identified the supplier's likely interests. The supplier is demanding a higher price than budgeted. What is the most effective negotiation strategy?

   • AAccept the supplier's demand to avoid conflict
   • BUse a collaborative approach to find creative solutions that meet both parties' interests
   • CThreaten to take the business elsewhere
   • DUse a competitive, hard-bargaining approach to force a lower price
   Reveal Solution Discussion Select an answer first
2. 2expert · hard

   A project manager is planning the procurement of a complex, high-risk research project. The scope is not well-defined, and the organization is willing to accept some cost risk to encourage innovation. The project manager needs to select a contract type that balances risk and flexibility. Which contract type is most appropriate?

   • APurchase order
   • BTime and material contract
   • CFixed-price contract
   • DCost-plus-incentive-fee (CPIF) contract
   Reveal Solution Discussion Select an answer first
4. 3expert · hard

   A project manager is managing a cost-reimbursable contract with a vendor. The vendor has submitted a change request that will increase the scope and cost. The project manager is concerned about the impact on the budget. What is the most appropriate action?

   • AAsk the vendor to absorb the additional cost
   • BEvaluate the change request against the project's change control process and budget constraints
   • CApprove the change request immediately to avoid delays
   • DReject the change request outright to protect the budget
   Reveal Solution Discussion Select an answer first
5. 4application · medium

   A project manager is overseeing a vendor that is delivering a critical component. The vendor has been missing delivery milestones, and the project manager needs to objectively assess the vendor's performance against the contract. What is the best action to take?

   • AAsk the vendor for a revised schedule without reviewing performance
   • BImmediately terminate the contract to avoid further delays
   • CWait until the end of the project to evaluate the vendor
   • DConduct a formal performance review using the agreed-upon KPIs and metrics
   Reveal Solution Discussion Select an answer first
6. 5foundation · easy

   During agreement negotiations, which activity is performed BEFORE the actual negotiation meeting to increase the likelihood of a successful outcome?

   • AConducting a bidder conference
   • BSigning the contract
   • CPreparing a negotiation strategy and objectives
   • DEvaluating vendor performance
   Reveal Solution Discussion Select an answer first