Project Procurement Management Quiz

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Questions and Answers

What is the primary output of the Plan Cost Management process?

  • Procurement plan
  • Risk register
  • Quality management plan
  • Project budget (correct)

In Project Cost Management, what is the key input for the Estimate Costs process?

  • Quality metrics
  • Risk response plan
  • Project schedule (correct)
  • Resource calendars

In the context of Project Cost Management, which process involves creating cost estimates for project activities?

  • Estimate Costs (correct)
  • Plan Quality Management
  • Plan Risk Management
  • Plan Human Resource Management

What is a key output of the Perform Qualitative Risk Analysis process in Project Cost Management?

<p>Risk matrix (C)</p> Signup and view all the answers

What tool or technique is commonly used in the Determine Budget process of Project Cost Management?

<p>Regression analysis (B)</p> Signup and view all the answers

Which document is typically created in the Plan Risk Responses process of Project Cost Management?

<p>Risk register updates (A)</p> Signup and view all the answers

What is a fundamental input to the Plan Procurement Management process in Project Cost Management?

<p>Procurement statement of work (C)</p> Signup and view all the answers

'Resource calendars' are primarily utilized in which process of Project Cost Management?

<p>Determine Budget (B)</p> Signup and view all the answers

'Vendor bid analysis' is a key tool or technique used in which phase of Project Cost Management?

<p>'Plan Procurement Management' (A)</p> Signup and view all the answers

'Quality audits' can be an important tool or technique in which phase of Project Cost Management?

<p>'Plan Quality Management' (D)</p> Signup and view all the answers

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