1. ___________ is a long-term relationship between an owner and a contractor in which the contractor acts as a part of the owner’s organization for certain functions.    Partnering
2. ____________ refers primarily to a manufacturing context and implementation of just-in-time (JIT) tools and techniques, to ensure every step in the supply process adds value while various costs are kept at the minimum level.   Lean procurement
3. A project can be terminated early under all of these conditions EXCEPT:   early termination for convenience of seller.
4. A project team attempting to close a project should review all of the following documents to ensure that everything promised was delivered EXCEPT:   the stakeholder register
5. A project team attempting to close a project should review which of the following to ensure the customers are satisfied with the project work?     customer feedback form
6. A project transition plan helps to ensure all of these EXCEPT:   every risk in the risk register is updated with a new owner.
7. All of the following describe benefits associated with celebrating the completion of a project EXCEPT:   Celebrations are held in conjunction with team performance reviews.
8. All of the following practices have proven effective for managing lessons learned in an organization EXCEPT:   documenting all lessons learned only at the end of the project.
9. All of the following reasons might lead to a contract termination for default EXCEPT:  changing customer priorities
10. All of these are signs that a project has moved into the closing stage EXCEPT:  integrated change control activities take place.
11. Any of the following attributes can serve as a useful factor for coding lessons learned EXCEPT:  lessons learned owner
12. As the project is approaching the end, the team members are expressing concern about their next assignments. When finishing the project and realizing benefits using Agile methods, what happens to team members at the end of the project?   The team is reassigned as a unit.
13. Closing a project entails finalizing all activities needed to finish the project. During project closing, customers are asked both to accept the project deliverables and to __________.  provide feedback
14. Closure of a project generally entails all of the following activities EXCEPT:   Updating the project management plan
15. Contracts can be terminated early for any of the following reasons EXCEPT:  convenience of seller.
16. During the “close project or phase” process, the team and project manager may wish to review the ____________________.   all of the above
17. During which project management process would a company auditor verify that all contracts have been completed and all required purchasing standards and methodologies have been followed for the project?   Close project or phase
18. Early termination can be either for default or for the convenience of the seller only.  False
19. For the remainder of the organization to capitalize on lessons learned, a method must be established for documenting and sharing them.  True
20. How can Microsoft Project be useful during the closing stage of a project?    Complete and archive the schedule and capture lessons learned from the scheduling process.
21. If both parties agree to stop the project before its planned completion but cannot reach an agreement, which of these is NOT an appropriate action to take?   Make sure everyone knows who is to blame for the failure to complete the project.
22. If the buyer decides to terminate a project early, his or her responsibilities to the contractor are laid out in the project’s ____________________. procurement agreement
23. In a construction project, the __________ is the list of “work items that are identified during a final inspection that need to be completed.”   punch list
24. In this type of Agile contract, if the team completes work sooner than expected, they get a higher hourly rate for their work, but if they are slower, they get a lower hourly rate.   Graduated fixed price
25. In this type of cost-reimbursable contract, the buyer reimburses the seller for the seller’s allowable costs and pays the seller a fee if it meets defined performance criteria.   Cost-plus-incentive-fee (CPIF) contract
26. Lessons learned should include what worked well that the team members think should be copied and/or adapted for future work, and areas for which a different method may yield better results.  True
27. Many organizations require the completion of a project close-out report upon completion of a project. These reports typically include which of the following?   a review of the project’s original justification
28. Of the answers below, which of these is NOT one of the reasons that both buyers and sellers should administer contracts?  Determine if additional supplier selection criteria are required (e.g., price, performance, delivery time)
29. On Agile projects, scope is validated at every iteration and release when the team demonstrates to the customer how the items they produced work.  True
30. On long duration projects it is often better to capture lessons frequently because people may not remember clearly what happened a few weeks or months earlier.  True
31. On some projects, some deliverables remain incomplete at project close-out. Activities that are not complete should be itemized, and responsibility for each should be clearly identified.  True
32. Once potential contractors submit bids or proposals; the client company applies previously defined selection criteria to select one or more qualified sellers. Which of these would NOT be a selection criterion used for this purpose?   Relationship with senior management
33. One way to overcome the problem that organizations are busy and do not seek lessons learned is for project sponsors to sign project charters only if lessons from other recently completed projects are included or considered.  True
34. Project teams conduct _____________ with prospective suppliers prior to bid preparation to address concerns and to provide clarifications.    bidder conferences
35. Project teams conduct procurement planning early in the project life to set expectations and to conduct make-or-buy analysis. The make-or-buy decision will depend on many factors, which include all of these EXCEPT:   indirect costs
36. Since projects are temporary in nature and the project team disbands upon completion, it is not necessary for project managers to provide ongoing support in the form of training, change management, and/or other services.  False
37. Some common goals warrant a more supportive relationship, and there are many advantages of project partnerships. Which of these is NOT an advantage?   Conflicts of interest
38. Sometimes a project is terminated before its normal completion.  True
39. Termination for default often results from a problem with the project’s __________, __________, or __________.    Cost; schedule; or performance
40. Terminations for ____________________ often result from a problem with the project’s cost, schedule, or performance.   Default
41. The ____________ documents the portion of work to be purchased, described in enough detail so potential suppliers can decide if they feel they are capable of and interested in providing it.   procurement statement of work (SOW)
42. The client has submitted a list of items to be resolved prior to acceptance of deliverables. When finishing the project and realizing benefits using Agile methods, which statement BEST describes a punch list?    Work items that are identified during a final inspection that need to be completed
43. The client is experiencing challenges with cash flow and the team is concerned about possible project termination. When finishing the project and realizing benefits using Agile methods, how do you terminate a project early?    Product owner pivots using money for nothing or change for free contract clauses
44. The emphasis on structuring contracts is quite different for Agile projects. Agile contracts emphasize all of the following EXCEPT:   scope, schedule, and cost.
45. The main objective of a project is to provide ____________________ to the customer.   Value
46. The new management team at a large company has reevaluated ongoing initiatives and has identified new goals and objectives for the year. They direct that all contracts in progress be terminated immediately. This is an example of ____________________.   termination for convenience
47. The process of formalizing acceptance of the completed project deliverables is known as:    validate scope
48. The process of meeting with customers and/or key stakeholders to formalize acceptance of completed project deliverables is called ____________________.   validate scope
49. The project is approaching the end and the client is asking for information regarding post-project maintenance. When finishing the project and realizing benefits using Agile methods, how is ongoing support handled?     Through a transition plan
50. The project sponsor requests a final report at the end of the project—but the project team leader is unsure about what to include. When finishing the project and realizing benefits using Agile methods, which statement BEST describes a closeout report?   A summary status of the project that can be gleaned from progress reports, including lessons learned, and a review of the project’s original justification
51. The project team is debating over the timing of scope validation. When finishing the project and realizing benefits using Agile methods, when is scope validated?  In demonstrations at the end of iterations and releases
52. The project team lead hears a team member refer to capturing lessons learned after the project ends. When finishing the project and realizing benefits using Agile methods, which statement BEST describes lessons learned?    Useful knowledge gained by project team members as they perform a project and then reflect on both the process of doing the work and the results that transpired.
53. The sponsor asked the project team leader about knowledge management in the context of activities that are temporary—such as multiple sprints. When finishing the project and realizing benefits using Agile methods, how is knowledge management handled?   Retrospectives are conducted at the end of every iteration.
54. The team is discussing the difference between verification and validation. When finishing the project and realizing benefits using Agile methods, which statement BEST describes validate scope?   Formally accepting the completed project deliverables
55. The team is preparing to hand over final deliverables and is considering what client communications are needed. When finishing the project and realizing benefits using Agile methods, which statement BEST describes transition plan?   An instruction manual of how the customer should use the project deliverables once the project team has completed its work
56. The Validate Scope process occurs with interim deliverables throughout the project and with final deliverables near the end.  True
57. This component of project procurement management is defined as “the acts of choosing between manufacturing a product or developing a service in-house or purchasing it from an external supplier.”   Make-or-buy decisions
58. This type of fixed-price contract includes a clause to protect the seller from conditions such as inflation or commodity cost increases.   Fixed-price-economic-price-adjustment (FP-EPA) contract
59. This type of procurement document is used when discussions with bidders are not required and when price is the main or only factor in selecting the successful bidder.  Request for quotation (RFQ)
60. Under terminations for convenience, a contract clause might be invoked by the buyer for any of these reasons EXCEPT:   buyer has lost confidence in the contractor.
61. Validate __________ is the process where the stakeholders formally accept the completed project deliverables.   Scope
62. What is the first step in capturing lessons learned at the end of a project?  The project manager sends an e-mail asking the participants to identify major project issues before holding a meeting.
63. What key input is required before a project or project phase can move to the closing stage?  Accepted deliverables
64. What serves as an instruction manual in order to help the customer use the project deliverables as intended?    Transition plan
65. What should be done with any activities that remain incomplete at the time of project closure?   Incomplete activities should be itemized, and responsibility clearly identified.
66. When a contract is terminated for convenience, the contractor must complete all deliverables in process and submit the completed deliverables to the buyer.  False
67. When a project is completed on time, the project team must accomplish all of the following activities EXCEPT:  use alternative dispute resolution
68. When a project is no longer needed or viable, the project manager, as primary advocate for the project, should recommend early termination.  True
69. Which of the activities below would NOT typically be performed during the Control Procurements process?   Making contract awards
70. Which of the answers below is NOT part of a typical closeout report?   Stakeholder analysis
71. Which of the following is true concerning lessons learned on a project?   Lessons learned are the useful knowledge gained by project team members as they perform the project.
72. Which of the following reasons might lead to an early contract termination for convenience?  The buyer faces changing priorities.
73. Which of these is NOT one of the documents that a project manager can refer back to in order to make sure that all planned work has, in fact, been completed?  Resource breakdown structure (RBS)
74. Which of these is NOT one of the five key elements of successful partnerships?   Ambiguity
75. Which of these is NOT one of the Procurement Management processes as defined in the PMBOK® Guide?    Plan supply chain management
76. Which of these is NOT one of the three main activities that occur during the conduct procurements process?   Establish criteria for supplier selection

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