A team member has come to you and reported that the work due today is going to be five weeks late. The team member has requested that you do not report this to senior management. What is your professional and social responsibility to the project?


A. Report the status accurately and timely
B. Issue a status report that does not contain this information
C. Wait until you have some good news to report with the bad news
D. The manager has helped you so you won't report the slip, hoping it gets back on schedule

As a Project Manager, you are managing a project that has fourteen deliverables from outside vendors. One vendor has been in negotiations with a partner for more financing that could cause the vendor to stop production on one of your deliverables if they don?t
reach an agreement. A rumor is out that the vendor's plant will be shutting down because of this issue. What is the best course of action you should take?


A. Contact the vendor and discuss this problem
B. Start contacting other vendors as a backup plan
C. Change vendors as soon as one is found
D. Initiate the risk response plan created for this vendor

You are a Project Manager at Dewey, Cheatum, and Howe and assigned to a major construction project. The project is on schedule and under budget, but you are constantly in conflict with a member of your project team. This team member is sabotaging the
project. What would be the best solution to resolve this problem?


A. Firing the team member from the project as soon as possible
B. Reporting this to senior management
C. Reporting this problem to senior management with a solution of replacing this team member
D. Holding a team meeting to vote if the team member should be removed

The contract is expected to cost $280K US. Actual costs are $240K US. There is a 50/50% share for any cost savings. What is the total value of the contract?


A. $260K US
B. $240K US
C. $280K US
D. $300K US

All of the following are reasons for outsourcing work except…


A. Your company doesn't have excessive capacity for the work
B. Your company doesn't possess the skills needed for the work
C. Your company isn't concerned about protecting the information associated with the work
D. Labor rates in the foreign countries are comparable to your company's labor rate

Which of the following are examples of non-competitive forms of procurement?


A. Qualified sellers list
B. Single source
C. Screening system
D. Evaluation criteria

You are in the process of purchasing 67 desktop computers, monitors, and a standard desktop software package for an upcoming project. What type of contract will you likely use?


A. Purchase order
B. Fixed-price
C. Cost-plus-percentage of cost
D. Net 30

You are the owner of a house painting company. You occasionally have the need for an automated paint sprayer. This tool sells for $1250 US and would cost $20 a day to maintain. You can rent one for $150 a day with maintenance included. How many days
would you need to use this tool before it would make sense to buy the tool instead of rent?


A. Twelve days
B. Six days
C. Ten days
D. Eight days

The retail chain will be using a vendor to provide engineers for a security camera network design and implementation. Presently, the team is determining the details needed for the documentation that will help select the company to provide the services. This also
includes evaluation criteria for comparing the proposals received. In what process is the team involved?


A. Plan Purchases and Acquisitions
B. Plan Contracting
C. Request Sellers Responses
D. Select Sellers

The Project Manager is ordering cables for the video board he is developing. He can only order these cables from one company that has a patent on the design. Which of the following describes the type of procurement he is performing?


A. Sole source
B. Open source
C. Source selection

D. Qualified sellers list