Practice Quiz

PMI PMP Project Management - Question List

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76. Which of the following are ways of transferring risk?
  1. Insurance
  2. Warranty
  3. Outsourcing
  4. Eliminating the threat
  5. Reducing the impact
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77. John is encountering problems with a vendor he has contracted services with. He has requested in writing certain additional services, but he has not seen results. Which best could be the cause of John’s problem with the vendor?
  1. The services were requested in writing and the change was acknowledged
  2. The services at issue are not in the revised contract
  3. The contract is not legally binding
  4. The government will not uphold the contract
  5. Vendors tend to be lazy
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78. Which of the following are key roles of the project manager in the procurement process?
  1. Identify goods and services to procure
  2. To act on behalf on the entire project not just the contract portion
  3. To make sure the contract contains all the necessary details pertaining to the project
  4. To assist in assessing risks and making sure they’re included in the contract
  5. Approving payments
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79. Sam is looking to bring on a new vendor to help with his project. He’s reached out to the procurement manager for help, but the procurement manager doesn’t seem interested in contracting with a vendor he doesn’t know. Instead, he tells Sam he’s going to send him a list of vendors the company has approved. What type of contracting relationship does the . procurement manager best represent?
  1. Centralized
  2. Decentralized
  3. Standardized
  4. Loyal
  5. Marginal
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80. Rick was in the middle of his procurement management process when he realized he was missing organizational process assets. Which is an example of an organizational process asset?
  1. Project scope statement
  2. Risk register
  3. Current contracts
  4. Lessons learned from prior projects
  5. All of the above
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