ITPM Chapter 12 Exam Questions with 100% Correct Answers

ITPM Chapter 12 Exam Questions with 100% Correct Answers T/F: Suppliers are those organizations or individuals who provide procurement services. - answerTrue T/F: While outsourcing, organizations should protect strategic information because it can become vulnerable in the hands of suppliers. - answerTrue T/F: Project procurement management consists primarily of two processes: assessing procurements and controlling procurements. - answerFalse T/F: If an organization has no need to buy any products or services from outside the organization, then it has no need to perform any of the procurement management processes. - answerTrue T/F: Risk registers and stakeholder registers are outputs of the planning procurement process. - answerFalse T/F: A single contract can include all three categories of contracts. - answerTrue T/F: Indirect costs are those costs can be traced back to a project in a cost-effective way. - answerFalse T/F: Buyers absorb lesser risk with cost-reimbursable contracts than they do with fixed-price contracts. - answerFalse T/F: The fee in a CPFF contract constantly varies even when the scope of a contract remains the same. - answerFalse T/F: In unit pricing, the total value of the contract is a function of the quantities needed to complete the work. - answerTrue T/F: All contracts should include specific clauses that take into account issues unique to the project. - answerTrue T/F: In an FPI contract, all of the risk is borne by the buyer. - answerFalse T/F: An FP-EPA contract carries the least risk for a supplier. - answerFalse T/F: Make-or-buy analysis involves comparing the internal costs of providing a product with the cost of outsourcing. - answerTrue