Complete the mcq:
1. There are two primary types of contracts; fixed costs and cost-reimbursable. For cost-reimbursable there are three options. The options are cost plus fixed fee, cost plus percentage of costs, and ________?
Cost plus 30%
Cost plus materials squared
Cost plus incentive fee
Cost plus penalty fee
2. The contractual relationship between the buyer and sellerare often confidential. The terms and conditions of the agreement are known as?
Privatization
Privity
Procurement policies
Contract terms
3. What is the most cost effective and fair solutions often determines whether the organization makes or?
Buys a solution
Attempts to find an out of the box solution
Develops an in-house solution
Has another division of the company drive the solution
4. Which of the following is not an acronym for a project document associated with procurement?
RFP
IFB
RFQ
FIB
5. A contract that requires the buyer to pay for the cost of goods and services procured plus a fix fee is known as?
Cost plus award fee
Cost plus incentive fee
Cost plus fix fee
Cost plus direct costs
6. An analysis meeting to examine and document the roles of the project is standard. In the meeting the roles, concerns andinfluences are documented. The meeting is known as?
Stakeholder status meeting
Profile analysis meeting
Project status meeting
System report meeting
7. When classifying stakeholders there are five engagement levels including neutral, supportive, and_______________?
Unaware
Discouraging
Negative
Alienated
8. A good PM communicates often with all stakeholder groups. When reviewing stakeholder engagement results, several items should be reviewed. One item of importance is the?
Change management plan
Stakeholder negativity plan
Issue log
Conflict resolution plan
9. PM should address stakeholders when both positive and negative news needs to be communicated. However, good PMs address stakeholder groups with?
A continuous process throughout project
A technology avenues
Contractors communications
A Conflict management plan
10. Which of the following may be a response to stakeholder concerns?
Change requests
Removal of stakeholder from list
New stakeholder management plan
New project management plan