Exam 10: Managing Project Procurement

The off- the- shelf software industry did not exist until the late 1980s.

_________costs are the costs incurred by the vendor in the provision of the product or service.

A _________strategy is the strategy of selecting different products from different ERP vendors.

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

ERP systems rely on a single repository of data to ensure more consistent and accurate data.

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

Indirect costs are also known as_________ costs.

__________costs is another term for overhead costs.

Request seller responses and select sellers belong to the__________ process group.

_________support models provide for the vendor to charge the client organization for each support related call the vendor handles.

A(n)_________plan addresses evaluation criteria, how multiple vendors would be managed, and so on.

Independent estimates are also called should cost estimates.

Procurement audits are used to review the procurement process from the planning purchases and acquisitions process through the contract administration process.

Contract administration involves executing the work defined in the contract.

Which of the following is not a process in the project procurement management knowledge area?

A(n)_________is a document provided to vendors to ask them to propose a solution to a specific problem related to the project.

Open- source software is different than other types of software because:

Subscription- based support models should be preferred over incident- based support models, as incident- based models support "incident hoarding."

A __________is a structured review of the procurement process from the planning purchases and acquisition process through the contract administration process.

Describe what is contained in each section of an RFP. Which sections should be included at the very least?