Question 1

The key technique used in procurement planning is:

Accepted Answer

A) risk analysis. 
B) cost/benefit analysis. 
C) make- or- buy analysis. 
D) decision tree analysis. 
A) risk analysis. 
B) cost/benefit analysis. 
C) make- or- buy analysis. 
D) decision tree analysis.

Question 2

It is possible to __________ a T&M contract by asking the vendor to provide a "not to exceed" price.

Accepted Answer

The answer of It is possible to __________ a T&M...

Question 3

Contract administration is part of the __________process group.

Accepted Answer

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

Question 4

Another term for independent estimates is:

Accepted Answer

A) pre- contract estimates. 
B) external estimates. 
C) price estimates. 
D) should cost estimates. 
A) pre- contract estimates. 
B) external estimates. 
C) price estimates. 
D) should cost estimates.

Question 5

_________support model involve contracts where customers have the opportunity for unlimited contact with a vendor's technical support staff.

Accepted Answer

The answer of _________support model involve contracts where customers have...

Question 6

_________help companies develop custom information systems for internal use, or they develop, host, and run applications for customers.

Accepted Answer

The answer of _________help companies develop custom information systems for...

Question 7

Contract _________is part of the monitoring and controlling process group.

Accepted Answer

The answer of Contract _________is part of the monitoring and...

Question 8

A _________uses minimum values for one or more performance criteria to eliminate proposals that do not meet the minimum values.

Accepted Answer

The answer of A _________uses minimum values for one or...

Question 9

For on- demand computing solutions, there are, ideally, no internal staffing requirements.

Accepted Answer

A) True 
 B)False

Question 10

A __________ is used to select vendors based on factors such as past performance, quality ratings, delivery performance, and contractual compliance.

Accepted Answer

seller rat

Question 11

The practice of turning over the responsibility for developing or running a computer application to another organization is called __________ .

Accepted Answer

The answer of The practice of turning over the responsibility...

Question 12

A contract type that involves payment for the actual cost of the product plus a fee that represents the vendor's profits is called __________contract.

Accepted Answer

The answer of A contract type that involves payment for...

Question 13

A contract is:

Accepted Answer

A) typically subject to lengthy internal reviews by a company's legal department. 
B) subject to remedy in the court system. 
C) a legal relationship between companies. 
D) all of the above. 
A) typically subject to lengthy internal reviews by a company's legal department. 
B) subject to remedy in the court system. 
C) a legal relationship between companies. 
D) all of the above.

Question 14

Which of the following is NOT an output from the planning purchases and acquisition process?

Accepted Answer

A) Request for proposal 
B) Requested changes 
C) Statement of work 
D) Procurement management plan 
A) Request for proposal 
B) Requested changes 
C) Statement of work 
D) Procurement management plan

Question 15

ERP systems:

Accepted Answer

A) can be very expensive to implement. 
B) are very complex. 
C) are very flexible because of the use of modules. 
D) all of the above. 
A) can be very expensive to implement. 
B) are very complex. 
C) are very flexible because of the use of modules. 
D) all of the above.

Question 16

Another term for lump sum contract is:

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 17

Utility computing is another name for ___________.

Accepted Answer

on- demand

Question 18

Turnkey systems can easily turned into customized system meeting the customer's needs.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is a reason for outsourcing?

Accepted Answer

A) It can reduce time to market. 
B) It can increase the revenue potential of the organization. 
C) It may be cost- effective. 
D) All of the above. 
A) It can reduce time to market. 
B) It can increase the revenue potential of the organization. 
C) It may be cost- effective. 
D) All of the above.

Question 20

A screening system is a method that is used to quantitatively compare the proposals that are received by prospective vendors.

Accepted Answer

A) True 
 B)False

The key technique used in procurement planning is:

It is possible to __________ a T&M contract by asking the vendor to provide a "not to exceed" price.

Contract administration is part of the __________process group.

Another term for independent estimates is:

_________support model involve contracts where customers have the opportunity for unlimited contact with a vendor's technical support staff.

_________help companies develop custom information systems for internal use, or they develop, host, and run applications for customers.

Contract _________is part of the monitoring and controlling process group.

A _________uses minimum values for one or more performance criteria to eliminate proposals that do not meet the minimum values.

For on- demand computing solutions, there are, ideally, no internal staffing requirements.

A __________ is used to select vendors based on factors such as past performance, quality ratings, delivery performance, and contractual compliance.

The practice of turning over the responsibility for developing or running a computer application to another organization is called __________ .

A contract type that involves payment for the actual cost of the product plus a fee that represents the vendor's profits is called __________contract.

A contract is:

Which of the following is NOT an output from the planning purchases and acquisition process?

ERP systems:

Another term for lump sum contract is:

Utility computing is another name for ___________.

Turnkey systems can easily turned into customized system meeting the customer's needs.

Which of the following is a reason for outsourcing?

A screening system is a method that is used to quantitatively compare the proposals that are received by prospective vendors.

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

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Exam 10: Managing Project Procurement

The key technique used in procurement planning is:

It is possible to __________ a T&M contract by asking the vendor to provide a "not to exceed" price.

Contract administration is part of the __________process group.

Another term for independent estimates is:

_________support model involve contracts where customers have the opportunity for unlimited contact with a vendor's technical support staff.

_________help companies develop custom information systems for internal use, or they develop, host, and run applications for customers.

Contract _________is part of the monitoring and controlling process group.

A _________uses minimum values for one or more performance criteria to eliminate proposals that do not meet the minimum values.

For on- demand computing solutions, there are, ideally, no internal staffing requirements.

A __________ is used to select vendors based on factors such as past performance, quality ratings, delivery performance, and contractual compliance.

The practice of turning over the responsibility for developing or running a computer application to another organization is called __________ .

A contract type that involves payment for the actual cost of the product plus a fee that represents the vendor's profits is called __________contract.

A contract is:

Which of the following is NOT an output from the planning purchases and acquisition process?

ERP systems:

Another term for lump sum contract is:

Utility computing is another name for ___________.

Turnkey systems can easily turned into customized system meeting the customer's needs.

Which of the following is a reason for outsourcing?

A screening system is a method that is used to quantitatively compare the proposals that are received by prospective vendors.

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