PMP Exam Prep Question of the Week

By Guest Authors

December 27, 2011

You have just compiled a short list of qualified sellers based upon preliminary proposals. Which process are you performing?

Plan Procurements
Conduct Procurement
Administer Procurements
Close Procurements

The correct answer is 1.

The qualified seller list is an output of Plan Procurements. It is an input to Conduct procurement, which occurs before answers Administer and Close Procurements.

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PMP Exam Prep Question of the Week

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PMP Exam Prep Question of the Week

The team for your project is completing the transfer of its final product to the next phase of production. This transfer is the output of what process?

PMP Question of the Week: Critical Path Method

Which of the following is not true when estimating project duration using the critical path method?

PMP Formula of the Week: Fixed-Price Incentive Fee Contract

As the seller, you are completing a project under a fixed-price incentive fee contract, with a fixed price of $130,000. The incentive (or penalty) is set at $2,000 per week...