Contract in Project Procurement Exam – E-Learning Group of Professional Body

Contract and Project Procurement

Welcome to the Contract and Project Procurement Exam

You have 2hrs to write this exam, Good luck.

The number of attempts remaining is 2

1 / 50

2. One of the following is not a Procurement Function.

a. To support company operations with an uninterrupted flow of materials and services.

d. To add value to company’s growth.

b. To buy competitively and wisely

c. To be able to buy materials on time due to the ever changing economy.

2 / 50

Which of the following is NOT a key role of the project manager in procurement?

Negotiate salary

Know the procurement process

Help tailor the contract to the unique needs of the project

Understand contract terms and conditions

3 / 50

38. Value may imply more than just the price, for example, since quality issues are also needed to be addressed.

False

True

4 / 50

84. All of the following are QMS principle except.

People skill

Customer focus

Engagement of people

Process approach.

Leadership

5 / 50

Which of the following is the first phase of a project lifecycle?

Organizing and preparing

Starting the project

Carrying out the project work

6 / 50

82. ……….. Ensures that an organization, product or service is consistent.

Skill

Quality management

Talent management.

People management

7 / 50

What does “variation clause” allow?

Cancelling contract without reason

_Making agreed changes to scope, price, or delivery during contract life_

Changing supplier’s logo

Adding extra holidays

8 / 50

What is a “liquidated damages clause”?

Extra discount for bulk orders

_Pre-agreed compensation for late delivery or failure to perform_

Free samples included

Bonus for early delivery

9 / 50

69. Understanding digital technology comprises of ……………, machine learning, big data, crypto currency, etc.

The tech itself

People communication.

Artificial intelligence

Robot learning

10 / 50

72. How many rights of purchasing was discussed?

4

2

6

3

5

11 / 50

20. The NCS system replaced Risk assessment report system in …. With the objective of facilitating trade and revenue collection.

2015

2013

2014

2012

12 / 50

80. One of the many advantage of ……. Is, it is customer focused. It seeks to offer quality from the point of view of the customer.

Total quality management

Project management

Procurement.

Feedback

13 / 50

Which of the following is NOT a way to acquire a project team?

Acquisition

Pre-assignment

Negotiation

Motivation

14 / 50

8. What STAGE in the Cycle stage, is the Contract Signature?

12

8

5

3

15 / 50

44. Other consideration in procurement includes …

a. Competition

d. None of the above

b. Relevant experience

e. All of the above.

c. Reliability

16 / 50

81. Procurement requisition includes all of the following except.

c. You can use the company money to buy whatever you want to

b. Document to be prepared by the requestor for the item that are required

d. It can also state the budget, last purchase price and the last supplier.

a. It must be approved in accordance with the company regulations

17 / 50

75. All of these are features of procurement except.

Plan versus actual

Plan execution.

Name of procuring entity / organization

Selection method

18 / 50

36. Importer receives the cargo?

False

True

19 / 50

3. How many key roles of procurement were discussed?

10

11

3

7

20 / 50

Nigeria’s single window portal is

https://www.trade.gov.ng

https://www.trade.com

21 / 50

Which time series pattern shows demand rising or falling steadily?

Cyclical

Seasonality

Trend

Constant series

22 / 50

64. Strategic Management postulates in-depth knowledge of such market and offers insights to companies before the undertake production.

True

False

23 / 50

73. What is GRN?

Goods received net.

Goods received and negotiation

Goods received note

Goods receive notice

24 / 50

What project procurement management process includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team?

Project Procurement Management

Control Procurement Management

Plan Procurement Management 7

Close Procurement Management

25 / 50

Which of Maslow's hierarchy of needs involves challenging projects and opportunities for innovation and creativity?

Self-actualization

Safety

Social

Physiological

26 / 50

65. Procurement professionals with strategic management skill can advise organization on the following except

Projected growth

Income received

Competition

Industry profitability.

27 / 50

What is the series of phases a project goes through from conception to completion?

Project management

Project lifecycle

Project planning

Project development

28 / 50

What type of forecast uses a series of observations taken at regular intervals of time?

Time series

Qualitative

Causal

Quantitative

29 / 50

18. The Nigeria Ports Authority’s objective is to coordinate all port related and cargo clearance activities for a seamless and paperless operation.

True

False

30 / 50

45. Basic principles of public procurement includes…

a. To give qualified bidders equal opportunities to compete for contracts

b. To encourage development of local contractors and manufacturers

c. To ensure procurement process is transparent

e. None of the above

d. All of the above

31 / 50

9. What is the final stage in the Cycle stage?

Contract Closure/ Signature

Conclusion

Payment/ Contract Closure

Agreement

32 / 50

89. Pick the correct statement

c. Communication means sending of information.

b. Communication involves full understanding of behavior associated with the sender and the receiver and the possible barriers that are likely to exist

a. Communication is passing of information from one person to another

33 / 50

What is the process of identifying and documenting project roles, responsibilities, required skills, reporting relationships, and creating a staffing management plan? 4

Develop project team

Plan human resource management

Acquire project team

Manage project team

34 / 50

33. Shipping company is in charge of…..

Pays ship charges

None of the above

Bringing in vessel

Issues bill of Loading

All of the above

35 / 50

Which of the following is NOT a skill required by a project manager?

Team building skills

Resourcefulness

Competence in the field

Storytelling

36 / 50

62. Suppliers that have expressed interest are required to complete a pre-qualification questionnaire in the following.

Restricted tendering

Negotiated tendering

Single tendering

None of the above.

37 / 50

A breach of contract occurs when:

Buyer changes their mind

Contract is too long

Supplier sends gift cards

_One party fails to fulfill agreed obligations_

38 / 50

86. How man component of QMS do we have.

4

6

8

2

39 / 50

39. The ultimate purpose of sound procurement is to…..

To obtain maximum value for the money

To limited spending

To get goods that equate the value of the money

40 / 50

What is contract administration?

Decorating the office

Hosting parties for vendors

_Monitoring performance, ensuring compliance, managing changes_

Writing poems about suppliers

41 / 50

11. Procurement function in Nigeria, in Import and Export is to receive clearance for goods imported into Nigeria.

True

False

42 / 50

93. All of this are purpose of lean management except.

b. Effective and efficient supply chain management

d. Better purchase – supplier management.

a. To make profit

c. Value stream management

43 / 50

90. All of these are ways of improving communication except.

c. Get to the point- say less but make your message potent

a. Know the person you are talking to

e. Record the person talking so you can listen to the message later when you need it.

d. Be assertive ( but keep it positive)

b. Take note of body language

44 / 50

4. The tendering Procedure includes the following except

Preparation of Specification.

Money at hand.

Monitoring performance.

45 / 50

56. When do we spot buy?

b. When price is advantageous

c. To show off

d. Because we feel like buying.

a. When we need the thing urgently no matter the cost

46 / 50

47. Supply disruption can be defined as any unforeseen event that disturb the normal flow of goods and materials in a supply chain.

True

False

47 / 50

Who is assigned by the performing organization to ensure the objectives of the project are realized?

Functional manager

Operations manager

Project manager

Contract manager

48 / 50

96. SRM is a consistent wide approach that defines how to manage suppliers.

True

False

49 / 50

60. Multiple sourcing includes all the following except

To guarantee constant supply.

Supplier competition is vast

The more the merrier

50 / 50

Which type of chart allows a person to see all activities associated with one person or to see all staff associated with one activity?

OBS charts

Hierarchical-type charts

Text formats

Matrix-based charts

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