Santa Rosa Valley Farms is conducting a project to install new packing equipment in one of its California farms. One month into the project, Santa Rosa Valley Farms conducts a review to determine how well the installer selected for this project is meeting goals for scope, quality, cost, and schedule. This is an example of ___________.
A) A procurement performance review
B) Capacity planning
C) A project review meeting
D) An audit
Your answer=,
Correct answer= 
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Work Sheet:
- Many organizations favor fixed-price contracts because the performance of the project is the responsibility of the seller. Which of the following is the characteristic of a firm fixed price contract?
A)
The buyer must precisely specify the number of resources to be used for procurement
B) The buyer must precisely specify the service or product to be procured
C) The buyer must precisely specify the time for completing the contract
D) The buyer must precisely specify the price of the contract
Your answer=,
Correct answer= ,
Work Sheet:
- Which of the following is NOT a common name for one of the various types of procurement documents?
A) Request for quotation
B) Seller proposal
C) Invitation to bid
D) Tender notice
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Correct answer= ,
Work Sheet:
- A seller was notified that they were one of the selected sellers based on their proposal. The seller immediately circulated an internal newsletter stating that they had just been awarded a large contract for a term of 5 years. Would the newsletter be factually correct?
A) The newsletter is likely to be factually incorrect. A selected seller is one whose proposal has been accepted and a contract has been completed pending signatures of the authorized parties.
B) It is likely that the newsletter is factually incorrect. While the seller has been selected for the work, it is unlikely that the term of the project would have been 5 years.
C) It is likely that the newsletter is factually incorrect. A selected seller is one whose proposal has been judged to be in a competitive range. It does not mean they have been awarded the work.
D) The newsletter is likely to be factually correct. A selected seller is one who has been awarded a contract based on the procurement process.
Your answer=,
Correct answer= ,
Work Sheet:
- Rosanne is an experienced project manager working for a pharmaceutical project. This project involves two big vendors to supply chemical products with specific composition for preparing drugs. While reviewing documents to see how the seller is performing, she noticed that some of the contractual terms were not met by the sellers. Since it is first time violation, she would like to initiate a corrective action to bring the performance of the seller consistent with the statement of work. Which of the following are NOT outputs of Rosanne's effort?
A)
Work performance information and Approved change requests
B)
Procurement documentation and Seller performance evaluation documentation
C) Procurement documentation and Organizational process assets update
D) Change requests and Project management plan updates
Your answer=,
Correct answer= ,
Work Sheet: