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

Questions 21–25

1. 21foundation · easy

   What is the primary goal of agreement negotiation?

   • ATo achieve the lowest possible price
   • BTo document the procurement process
   • CTo reach mutually acceptable terms
   • DTo force the seller to accept all terms
   Reveal Solution Discussion Select an answer first
2. 22foundation · easy

   During the Control Procurements process, which activity verifies that the deliverables meet the acceptance criteria defined in the contract?

   • APerforming a make-or-buy analysis
   • BHolding a bidder conference
   • CInspection and verification of deliverables
   • DDeveloping the procurement statement of work
   Reveal Solution Discussion Select an answer first
4. 23foundation · easy

   Which factor is most important to consider when determining your negotiation strategy?

   • AThe number of participants
   • BThe other party's interests and alternatives
   • CThe length of the negotiation meeting
   • DThe color of the meeting room
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   Which document is a key input to developing the procurement strategy because it describes the project's overall approach to achieving its objectives?

   • AContract change requests
   • BProject management plan
   • CVendor performance reports
   • DBidder conference minutes
   Reveal Solution Discussion Select an answer first
6. 25application · medium

   A vendor has completed all deliverables under a contract. The project manager needs to close the procurement. What is the first step in the closure process?

   • ARelease the vendor from all future obligations
   • BVerify that all deliverables meet the acceptance criteria
   • CPay the vendor the final invoice immediately
   • DArchive all procurement documents without review
   Reveal Solution Discussion Select an answer first