Section 9

Project Procurement Management

1 QUESTION

Name the four processes involved in Project Procurement Management.

ANSWER

  • Plan procurement management
  • Conduct procurements
  • Control procurements
  • Close procurements

[Planning, Executing, Monitoring and Controlling, and Closing]

2 QUESTION

List the four tools and techniques for the plan procurement management process.

ANSWER

  • Make-or-buy analysis
  • Expert judgment
  • Market research
  • Meetings

[Planning]

3 QUESTION

What type of change constitutes one of the major areas of cost growth?

ANSWER

Change to project scope.

[Monitoring and Controlling]

4 QUESTION

What is the purpose of a warranty?

ANSWER

As stated in source selection criteria, it states what the seller proposes to warrant for the final product ...

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