Rita’s PMP Quick Test 12

Chapter Twelve

Procurement Management

  • Procurement management process
  • Procurement management plan
  • Contract types
    • FP, FPIF, FPAF, FPEPA, purchase order, T&M, CR, CPF/CPPC, CPFF, CPPC, CPIF, CPAF
  • How is project management different in each contract form
  • Advantages/ disadvantages of each contract form
  • Contract change control system
  • Termination
  • Breach
  • What is a contract
  • Project manager’s role in procurement
  • Procurement documents: RFP, IFB, RFQ
  • Procurement administration
  • Non-competitive forms of procurement
  • Types of procurement statements of work
  • Procurement performance review
  • Claims administration
  • Make-or-buy
  • Formal Acceptance
  • Inputs to procurement management
  • Records management system
  • Bidder conferences
  • Risk and contract type
  • Waiver
  • Financial closure
  • Final contract performance reporting
  • Conflict with procurement manager
  • Procurement audit
  • Product verification
  • Source selection criteria
  • Weighting system
  • Screening system
  • Incentives
  • Special provisions
  • Standard contract
  • Terms and conditions
  • Negotiation objectives/ tactics
  • Privity
  • Qualified seller lists
  • Advertising
  • Centralized/ decentralized contracting
  • Contract interpretation
  • Price
  • Profit
  • Cost
  • Target price
  • Profit
  • Cost
  • Target Price
  • Sharing ratio
  • Ceiling price
  • PTA
  • Letter of intent
  • Presentations
  • Lessons learned
  • Procurement file
  • Nondisclosure agreement
  • Teaming agreement
  • What makes a legal contract
  • Force majeure
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