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Proj 410 Contracts and Procurement Midterm Exam Solution

  • Date Submitted: 11/24/2015 03:12 AM
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PROJ 410 Contracts and Procurement Midterm Exam Solution
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PROJ 410 Contracts and Procurement Midterm Exam Solution

1.
Question :
(TCO 2) A firm should concentrate on its _____ processes while outsourcing its _____ processes.
Points Received:
5 of 5
2.
Question :
(TCO 5) To assess the impact of a contract on both the buyer and seller, an analysis of exposure can be completed. Categories analyzed in this exposure analysis include all of the following except: ______.
Points Received:
5 of 5
3.
Question :
(TCO 7) All of the following are common RFP topics, except: ______.
Points Received:
5 of 5
4.
Question :
(TCO 6) Factors that may affect the BPO agreement structure include all of the following except: ______.
Points Received:
5 of 5
5.
Question :
(TCO 3) Explain the difference between a contract administrator and a project manager in a procurement situation.
Points Received:
12 of 12
6.
Question :
(TCO 4) What is the difference between the Cost-Plus-Percentage-Fee (CPF) contract structure and the Cost-Plus-Fixed-Fee (CPFF) contract structure?
Points Received:
12 of 12
7.
Question :
(TCO 6) Three commonly used evaluation criteria listed in an RFP are overall cost or financial proposal, reputation, and experience. What can the buyer glean from this information and how can the buyer use it to make a decision on a particular seller?
Points Received:
12 of 12
8.
Question :
(TCO 8) What are the two ways to rank the seller’s proposals before selecting a seller?
Points Received:
12 of 12
9.
Question :
(TCO 7) Explain the purpose of an RFP. What are some common elements of an RFP?
Points Received:
12 of 12
Page:
1 2
1.
Question :
(TCO 2) Part 1: List and define the six phases of the project procurement management process. Part 2: How could you organize a simple project such as renovating a bathroom into the six steps in the project...

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