Quiz #8: PMBOK Procurement & Stakeholder Management 10 pts EM 6140 Multiple Choi

Question

Quiz #8: PMBOK Procurement & Stakeholder Management 10 pts EM 6140 Multiple Choice 1. Name: One (best) choice only; cirele the letter; be sure final choice is obvious. All the following statements regarding contract change control are incorrect EXCEPT A. A fixed price contract will minimize the need for change control. B. Changes seldom provide real benefits to the project. C. Contracts should include procedures to accommodate changes C. More detailed specificat tions eliminate the cause of changes on PMBOK, the best deseaription of a (CCB) change control board (also deseribed as a Based on PMBOK, the best description of a (CCB) change control board (also described as a (CAB) change approval board) is A. A board of directors. B. A group of stakeholders and team leaders who decide on which changes to accept / reject C. A team of project managers. D. None of the above. 2, In a time and materials contract, the risk: A. Is higher with the vendor. C. Is the same for vendor and buyer. 3. B. Is higher with the buyer. D. There is little risk in a time and materials contract 4. All of the following would be considered the professional and social responsibility of a project manager ExCEPT: A. Maintain the confidentiality of customer confidential information. B. Determine the legality of company procedures. C. Ensure that a conflict of interest does not compromise the legitimate interest of the customer. D. Provide accurate and truthful representations in cost estimates m members are arguing about which supplier to select. One team member believes that Acme Inc. should be awarded the business due to their low cost. The other team member believe that Roadrunner Inc. should be awarded the business due to their high quality. The BEST thinga project manager should remind the team to focus on in order to make the selection is: A. The procurement management plan C. The evaluation criteria B. The quality management plan D. Procurement audits Your company has a problem with production efficiency on one of the main snack bar production lines. The engineering organization generally knows that a project should be conducted to modernize the line with digital sensors, but is not sure exactly how the solution should be implemented. You decide to propose the problem to vendors, this is best described as: A. Request for Proposal 6. B. Request for Information D. Request for Planning C. Request for Quotation

Explanation / Answer

1. Contract change control gives a variety of processes that analyze the change request, approve or decline tem based on validity and manage the request. It must contain procedures to address the change request.

Hence, answer is Option C

2. Based on PMBOK, a change control board is a group of people of a project whose main responsibility is to make the decision about the change implementation.

Hence, answer is Option B

3. In a time and materials contract, the contract is governed by the fixed rate, which is applicable to both buyer and seller. Hence both buyer and seller share the risk.

Hence, answer is Option C

4. The professional and social responsibility of a project manager is based on the 4 facets of respect, responsibility, honesty and fairness.

Hence, answer is Option A

5. In order to select a supplier, the project manager focuses on the procurement management plan

Hence, answer is Option A

6.The problem is shared with the vendors and the vendors need to share their proposals regarding the solution.

Hence, answer is Option A

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