Question 1

A ___________ is set up for the buying organization to pay the vendor for the work performed.

Accepted Answer

payment system

Question 2

A statement of work is a document asking potential vendors to propose a solution to a specific problem.

Accepted Answer

A) True 
 B)False  False

Question 3

Planning purchases and acquisitions and planning contracting are part of the__________process group.

Accepted Answer

A) planning 
B) executing 
C) monitoring and controlling 
D) initiation 
A) planning 
B) executing 
C) monitoring and controlling 
D) initiation A

Question 4

Buyer- conducted performance reviews are structured reviews of the vendor's progress in__________.

Accepted Answer

fulfilling

Question 5

Using different products from different vendors is referred to as:

Accepted Answer

A) compromising 
B) satisficing. 
C) best- of- breed strategy. 
D) benchmarking. 
A) compromising 
B) satisficing. 
C) best- of- breed strategy. 
D) benchmarking.

Question 6

Contract closure is a_________ process.

Accepted Answer

The answer of Contract closure is a_________ process....

Question 7

Invitation for negotiation is another term for_________ .

Accepted Answer

request fo

Question 8

A system in which vendors are eliminated based on certain minimum criteria is called:

Accepted Answer

A) weighting system. 
B) evaluation system. 
C) screening system. 
D) process of elimination. 
A) weighting system. 
B) evaluation system. 
C) screening system. 
D) process of elimination.

Question 9

Companies choosing different products from different ERP vendors are said to use a benchmarking approach.

Accepted Answer

A) True 
 B)False

Question 10

Under a__________ , vendors provide and hourly rate and an estimate about the time and material needed.

Accepted Answer

A) fixed- price contract. 
B) time- and- materials contract. 
C) cost- reimbursable contract. 
D) incentive- based contract. 
A) fixed- price contract. 
B) time- and- materials contract. 
C) cost- reimbursable contract. 
D) incentive- based contract.

Question 11

For information systems projects, "make" used to be the routine decision, but now the routine decision is more likely to be "buy."

Accepted Answer

A) True 
 B)False

Question 12

A contract documentation management system helps the project manager keep track of contract documentation and results.

Accepted Answer

A) True 
 B)False

Question 13

The main task of planning contracting is to create __________needed to support the requesting seller responses and selecting seller's processes.

Accepted Answer

The answer of The main task of planning contracting is...

Question 14

A contract type in which the supplier is bound to the price of the contract is called:

Accepted Answer

A) cost- reimbursable contract. 
B) time- and- materials contract. 
C) fixed- price contract. 
D) incentive- based contract. 
A) cost- reimbursable contract. 
B) time- and- materials contract. 
C) fixed- price contract. 
D) incentive- based contract.

Question 15

A__________ contract is used when the requirements for products or services are well- defined.

Accepted Answer

The answer of A__________ contract is used when the requirements...

Question 16

Companies recently turned to eBay's seller rating system to evaluate potential vendors.

Accepted Answer

A) True 
 B)False

Question 17

When the task requires custom support, companies should turn to:

Accepted Answer

A) IT services firms. 
B) enterprise- wide solutions. 
C) open- source software. 
D) packaged software producers. 
A) IT services firms. 
B) enterprise- wide solutions. 
C) open- source software. 
D) packaged software producers.

Question 18

Evaluation criteria can be subjective and _________.

Accepted Answer

The answer of Evaluation criteria can be subjective and _________....

Question 19

A __________ is an automated record- keeping system that helps the project manger to keep track of contract documentation and results.

Accepted Answer

record man

Question 20

Only claims coming from the buyer are handled in the claims administration process.

Accepted Answer

A) True 
 B)False

A ___________ is set up for the buying organization to pay the vendor for the work performed.

A statement of work is a document asking potential vendors to propose a solution to a specific problem.

Planning purchases and acquisitions and planning contracting are part of the__________process group.

Buyer- conducted performance reviews are structured reviews of the vendor's progress in__________.

Using different products from different vendors is referred to as:

Contract closure is a_________ process.

Invitation for negotiation is another term for_________ .

A system in which vendors are eliminated based on certain minimum criteria is called:

Companies choosing different products from different ERP vendors are said to use a benchmarking approach.

Under a__________ , vendors provide and hourly rate and an estimate about the time and material needed.

For information systems projects, "make" used to be the routine decision, but now the routine decision is more likely to be "buy."

A contract documentation management system helps the project manager keep track of contract documentation and results.

The main task of planning contracting is to create __________needed to support the requesting seller responses and selecting seller's processes.

A contract type in which the supplier is bound to the price of the contract is called:

A__________ contract is used when the requirements for products or services are well- defined.

Companies recently turned to eBay's seller rating system to evaluate potential vendors.

When the task requires custom support, companies should turn to:

Evaluation criteria can be subjective and _________.

A __________ is an automated record- keeping system that helps the project manger to keep track of contract documentation and results.

Only claims coming from the buyer are handled in the claims administration process.

Lntroduction to Project Management

The Project Management Life Cycle

Managing Project Teams

Managing Project Communication

Managing Project Scope

Managing Project Scheduling

Managing Project Resources

Managing Project Quality

Managing Project Risk

Managing Project Execution

Managing Project Control and Closure

Understanding Task Dependencies, Resource Allocation, and Progress Tracking

Filters

Exam 10: Managing Project Procurement

A ___________ is set up for the buying organization to pay the vendor for the work performed.

A statement of work is a document asking potential vendors to propose a solution to a specific problem.

Planning purchases and acquisitions and planning contracting are part of the__________process group.

Buyer- conducted performance reviews are structured reviews of the vendor's progress in__________.

Using different products from different vendors is referred to as:

Contract closure is a_________ process.

Invitation for negotiation is another term for_________ .

A system in which vendors are eliminated based on certain minimum criteria is called:

Companies choosing different products from different ERP vendors are said to use a benchmarking approach.

Under a__________ , vendors provide and hourly rate and an estimate about the time and material needed.

For information systems projects, "make" used to be the routine decision, but now the routine decision is more likely to be "buy."

A contract documentation management system helps the project manager keep track of contract documentation and results.

The main task of planning contracting is to create __________needed to support the requesting seller responses and selecting seller's processes.

A contract type in which the supplier is bound to the price of the contract is called:

A__________ contract is used when the requirements for products or services are well- defined.

Companies recently turned to eBay's seller rating system to evaluate potential vendors.

When the task requires custom support, companies should turn to:

Evaluation criteria can be subjective and _________.

A __________ is an automated record- keeping system that helps the project manger to keep track of contract documentation and results.

Only claims coming from the buyer are handled in the claims administration process.

Lntroduction to Project Management

The Project Management Life Cycle

Managing Project Teams

Managing Project Communication

Managing Project Scope

Managing Project Scheduling

Managing Project Resources

Managing Project Quality

Managing Project Risk

Managing Project Execution

Managing Project Control and Closure

Understanding Task Dependencies, Resource Allocation, and Progress Tracking

Filters