Financial CPSM Exam Questions
Certified Professional in Supply Management (CPSM) (Page 2 )

Updated On: 21-Feb-2026

A temporary endeavor undertaken to create a unique product or service is called:

  1. Project
  2. Build
  3. Enterprise
  4. Development

Answer(s): A



The process of coordinating the organization, planning, scheduling, controlling, monitoring and evaluating of activities so that the objectives of a project are met is known as:

  1. Project Life cycle
  2. Project Executive
  3. Project Management
  4. Project Organization

Answer(s): C



According to Project Management Institute, which of the following is NOT the process group of project?

  1. Initiating
  2. Organizing
  3. Executing
  4. Closing

Answer(s): B



Contract statement of work is the output of which process group?

  1. Planning
  2. Organizing
  3. Monitoring
  4. Closing

Answer(s): A



Organizations less familiar with the discipline of project management usually begin by creating task forces or committees within each role to tackle problem, known as:

  1. Procurement Management
  2. Functional structure
  3. Procedural structure
  4. Performance Management

Answer(s): B






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