International Project Management Association (IPMA) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the International Project Management Association Exam. Practice with multiple choice questions and detailed explanations to improve your understanding. Ready yourself for success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

All of the following are tools or techniques used in choosing a seller except:

Bidders conference
Contract negotiation
Weighting system
Independent estimates

The correct answer is: Contract negotiation

In the context of choosing a seller for project procurement, it’s important to understand the role of each tool or technique. A bidders conference involves potential sellers discussing project requirements, allowing for clarification and encouraging competition among bidders. This is an interactive process that helps refine proposals. A weighting system is a method for evaluating and comparing proposals based on predetermined criteria, which assists in making a more objective decision on which seller may provide the most value. Independent estimates serve as a benchmark to compare seller proposals against a credible baseline, ensuring that pricing is reasonable and competitive. Contrastingly, contract negotiation typically occurs after a seller has been selected. This phase involves discussing terms and conditions to finalize the agreement, rather than focusing on the initial decision-making process for seller selection. Therefore, this approach is not considered a tool or technique used in the actual selection of a seller, as it is more about finalizing the deal than choosing between options.