Procurement Management WELv . The primary objective of contract negotiations is

Question

Procurement Management WELv . The primary objective of contract negotiations is o A. Get the most from the other side B. Protect the relationship C Get the highest monetary return. D. Define objectives and stick to the 8. A seller is working on a cost-reimbursable (CR) contract when the buyer decides he would like to expand the scope of services and change to a fised price (FP) contract. All of the following ane the sedler's options EXCEPT A. Completing the original work on a cost-reimbursable basis and then negotiating a fixed price for the additional work R. Completing the original C Negotiating a fixed-price contract that inclades the work D. Starting over with a new contract work and nejecting the additional work 9. All of the following MUST be present to have a contract EXCEPT A A procurement statement of work B. Acceptance C. The address of the seller D. Buyers signatures. 10 Which of the following BEST describes the project manager's role in the procurement process? A. The project manager has only minor involvement. B. The project manager should be the negotiator C. The project manager should provide an understanding of the risks of the project D. The project manager should teil the contract manager how the contracting process should be handled. 11. Which of the following activities occurs during the Plan Procurement Management process? A. Make-or-buy decisions B. Answering sellers questions about the bid documents C. Advertising D. Proposal evaluation 12. Which of the following is the BEST thing for a project manager to do in the Conduct Procurements process A. Evaluate risks B. Select a contract type C. Perform market research D. Answer sellers questions aboult the 2013 RMC Publications, Inc. 952 846 4484 proect.cm .rmproject.com

Explanation / Answer

7. Correct answer is B. To protect the relationship.

8. Correct answer is D. Starting over with a new contract.

9. Correct answer is C. The address of the seller (choice C) is not required, and therefore is the exception.

10. Correct answer is C. It is very important to have knowledge about the project risk.

11. Correct answer is A. Make or buy decisions.

12. correct answer is D.

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