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PGMP · Question #165

You are the program manager for your organization and are about to execute your procurement management plan. You need to procure materials for your program and you want only the vendor to provide…

The correct answer is B. Request for quote. A Request for Quote (RFQ) is the correct procurement document when a buyer wants only price information from vendors for well-defined goods or services.

Program Life Cycle Management

Question

You are the program manager for your organization and are about to execute your procurement management plan. You need to procure materials for your program and you want only the vendor to provide you with a price for the goods you need to procure. What type of a document should you provide to the vendor in this scenario?

Options

  • AStatement of work
  • BRequest for quote
  • CProposal
  • DProgram charter

How the community answered

(31 responses)
  • B
    90% (28)
  • C
    3% (1)
  • D
    6% (2)

Why each option

A Request for Quote (RFQ) is the correct procurement document when a buyer wants only price information from vendors for well-defined goods or services.

AStatement of work

A Statement of Work (SOW) describes the work scope to be performed and is a document provided to define requirements, not a solicitation document used to request vendor pricing.

BRequest for quoteCorrect

A Request for Quote (RFQ) is issued when the buyer has clearly specified the goods needed and requires only pricing from the vendor, without requesting full proposals or methodologies. This is the appropriate tool when the product is well understood and the only variable is cost, making it efficient for straightforward material procurement scenarios.

CProposal

A Proposal is a document submitted by the vendor in response to an RFP or RFQ - it comes from the seller, not from the buyer.

DProgram charter

A Program Charter is an internal governance document that formally authorizes the program; it has no role in soliciting vendor pricing.

Concept tested: Procurement document selection - Request for Quote use case

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Procurement Management#Program Procurement#Request for Quote (RFQ)#Procurement Documents

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