FREE APMP Bid and Proposal Management Questions and Answers

Question 1

With which type of contract is the seller MOST concerned about project scope?

Accepted Answer

Fixed price

Answer

Cost plus fixed fee

Answer

Time and material

Answer

Purchase order

Question 2

Which of the following activities occurs during Plan Procurements?

Accepted Answer

Make-or-buy decisions

Answer

Answering sellers' questions about the bid documents

Answer

Advertising

Answer

Proposal evaluation

Question 3

You are executing a project for a client when they contact you to say they are terminating the contract for convenience. Because of this, the project is now in:

Accepted Answer

Closure

Answer

Negotiation

Answer

Execution

Answer

Procurement audit

Question 4

Which of the following is the BEST thing for a project manager to do in the Conduct Procurements process of procurement management?

Accepted Answer

Answer sellers' questions about procurement documents

Answer

Evaluate risks

Answer

Select a contract type

Answer

Update the project schedule

Question 5

What is the main purpose of the procurement audit?

Accepted Answer

Identify the successes to transfer to other procurements

Answer

Validate that costs charged to the contract are valid and correct

Answer

Loosely review the project

Answer

Acknowledge substantial completion