Trending Procurement Management Discussions

Explore strategies for detecting and addressing malpractice in procurement processes?‎

strategies for detecting and addressing malpractice in procurement ‎

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Which of the following statements are false regarding the close project process? ‎

A. The output of the close project includes two procedures: administrative closure procedure and contract closure procedure B. The close project process establishes the p‎ ... See More

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Which of the following statements are true regarding the procurement audit? ‎

A. The procurement audit is a tool/ technique of the contract administration process B. The procurement audit provides information regarding how effectively the seller is‎ ... See More

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You are in the process of contacting sellers to obtain bids and proposals. You found out that it may be time-consuming to ensure?‎

that they have a clear and common understanding of the procurement process and of the needs of your project. Which technique may help you saving time? A. Qualified selle‎ ... See More

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A project manager is negotiating with a contractor. Neither has a good idea of how long the project will take, or how much the materials will cost. ?‎

Which contract type is MOST appropriate for this project? A. Time and Materials (T&M) B. Fixed price (FP) C. Cost plus percentage of costs (CPPC) D. Cost plus fixed f‎ ... See More

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You are the project manager for a company that sells online music. The company is growing so well that the company has ?‎

outgrown its I.T infrastructure. In fact, the company's current infrastructure is unable to handle the terabytes of music download each day. As a result, the company‎ ... See More

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You are the project manger at a construction company. Your company is currently in the process of developing a-unit apartment complex. ?‎

Your company plans to subcontract all the electrical wiring of the building to an outside vendor. The subcontractor's work will involve wiring the building for elect‎ ... See More

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What is meant by make or buy analysis in procurement? ‎

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As PM to whom you'll award the contract. 3 vendor A,B,C all qualifying while Procurement Director recommending Vendor A & Project manager recommend B?‎

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Which of the following types of contracts requires the greatest amount of time to monitor and audit? ‎

A. FPIF B. T&M C. Fixed price D. CPFF‎

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