Quiz Monitoring-Procurement

As a result of changing economic conditions in the country where the project is being performed, your company and the vendor have decided to alter the terms of the contract. A formal change request was initiated and approved for this. Which process is to be performed next?

A contract had terms that defined that 10 resources will be engaged on the project by the supplier to execute the statement of work. During execution, both buyer and seller find that more resources are needed. In response that the realization, the seller requests that two more resources be added to the contract. How should the buyer proceed with the seller’s request?

Contested changes and potential constructive changes are those requested when the buyer and seller cannot reach an agreement. These contested changes are called claims. When they cannot be resolved, they become disputes. Which of the following may be used to resolve a claim turned into a dispute?

As the project manager for a subcontractor responsible for the design and installation of an HVAC in a large regional hospital, you lead weekly walk-throughs of the work progress with the buyer and main contractor. What Control Procurement tool and technique are you using to ensure all parties have a mutual understanding of the work in progress?

The project manager has been unable to resolve a dispute with a seller over compensation related to a scope modification. The seller believes that the scope is extra work and not part of the signed contract. What action could the project manager take next to rectify the issue?

Which of the procurement processes is focused on managing procurement relationships; monitoring contract performance, making changes and corrections as appropriate; and closing out contracts?

Which procurement process is conducted to ensure the seller’s performance meets procurement requirements and the buyer performs according to the terms of the legal contract?

Which tool or technique used in the Control Procurements process helps to ensure that both the buyer and contractor hold a shared understanding of the status of the work in progress?

Which of the following tools and techniques is used to close a contract?

The three data analysis techniques that can be used to monitor and control procurements include all of the following except: