Project Procurement Management Flashcards

1
Q

What is the plan procurement management process

A

The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers

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2
Q

What is the conduct procurements process

A

The process of obtaining seller responses, selecting a seller, and awarding a contract

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3
Q

What is the control procurement process

A

The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate

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4
Q

What is The close procurements process

A

The process of completing each project procurement

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5
Q

Plan procurement management inputs

A
Project management plan
Requirements documentation
Risk register
Activity resource requirements
Project schedule
Activity cost estimates
Stakeholder register
Enterprise environmental factors
Organizational process assets
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6
Q

Plan procurement management tools and techniques

A

Make or buy analysis
Expert judgment
Market research
Meetings

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7
Q

Plan procurement management outputs

A
Procurement management plan
Procurement SOW
Procurement documents
Source selection criteria
Make or buy decisions
Change requests
Project documents updates
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8
Q

Conduct procurements inputs

A
Procurement management plan
Procurement documents
Source selection criteria
Make or buy decisions
Seller proposals
Project documents
Procurement SOW
Organizational process assets
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9
Q

Conduct procurement tools and techniques

A
Bitter conference
Proposal evaluation  techniques
Independent estimates
Expert judgment
Advertising
Analytical techniques
Procurement negotiations
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10
Q

Conduct procurements outputs

A
Selected sellers
Agreements
Resource calendars
Change request
Project management plan updates
Project documents updates
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11
Q

Control procurements inputs

A
Project management plan
Procurement documents
Agreements
Approved change request
Work performance reports
Work performance data
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12
Q

Control procurements tools and techniques

A
Contract change control system
Procurement performance reviews
Inspections and audits
Performance reporting
Payment systems
Claims administration
Records management system
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13
Q

Control procurements outputs

A
Work performance information
Change requests
Project management plan updates
Project documents updates
Organizational process assets updates
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14
Q

Close procurements inputs

A

Project management plan

Procurement documents

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15
Q

Close procurements tools and techniques

A

Procurement audits
Procurement negotiations
Records management system

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16
Q

Close procurements outputs

A

Closed procurements

Organizational process assets updates

17
Q

Types of fixed-price contracts

A

Firm fixed-price contracts
Fixed price incentive fee contracts
Fixed price with economic price adjustment contracts

18
Q

Types of cost reimbursable contracts

A

Cost plus fixed fee contracts
Cost plus incentive fee contracts
Cost plus award fee contracts

19
Q

What is a time and materials contract

A

A hybrid of contractual arrangements that contains aspects of both cost reimbursable and fixed-price contracts.

20
Q

What is the control procurement process

A

The process of managing procurement relationships, monitoring contract performance and making changes and corrections to contracts as appropriate

21
Q

Control procurements inputs

A

Project management plan

22
Q

What is project procurement management

A

The processes necessary to purchase or acquire products, services, or results needed from outside the project team