Exam 10: Managing Project Procurement

A(n)__________is a document prepared for potential vendors that describes the service or product being sought.

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

Shrink- wrapped software is another term for off- the- shelf software.

There are no procurement processes in the initiating process group.

Which of the following is NOT part of an RFP?

__________is used to determine whether a product or service should be produced in- house, or procured from an outside vendor.

The source code of open- source software is freely available.

When the supported task is generic, but cost is an issue, companies should turn to:

The process during which representatives from the buyer and the vendor engage in discussions prior to its being signed is called:

Organizations sometimes prepare _________of the price for whatever is being procured as a check against the prices offered in the proposals.

Off- the- shelf software systems that cannot be modified to meet specific needs are called:

Only when the requirements are sufficiently detailed, suppliers feel comfortable using a:

Contract___________ involves comparing what was contracted for with what has been done.

The most common procurement document is the:

Buyer- conducted performance reviews focus on how well the vendor has been able to adhere to the project's standards for quality and to the project's schedule and budget.

Among other things, a procurement management plan addresses how multiple vendors would be managed.

An RFP:

For complete systems that cross functional boundaries, companies should turn to:

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

Today, hardly any serious systems development is done from scratch by in- house information systems personnel any more.