Exam 13: Project Supply Chain Management

The procurement management plan: 

All of the following accurately describe the features and characteristics of a contract EXCEPT: 

Project partnerships offer which of the following advantages to both clients and vendors?​ 

Contract types are often associated with two broad categories: fixed-price contracts and cost-reimbursable contracts.Briefly identify the factors to consider when determining which type is most appropriate for a planned contract.

Traditional project procurement was characterized by win / lose adversarial relations between owner and contractor,whereas contemporary project partnering fosters a relationship of trust and collaboration.

Which of the following types of contracts involves payment to the seller for the seller's actual approved costs of completed work,plus a fee typically representing the seller's profit?​ 

A traditional buyer-seller relationship is defined as "a long-term relationship between an owner and a contractor in which the contractor acts as a part of the owner's organization for certain functions." 

Information is a key ingredient at each stage of the project supply chain,as well as within each phase of supply chain decision making.

Which of the following is one of the PMBOK Guide's three project procurement management processes?​ 

The project organization can be a seller in dealing with the project owner or customer and a buyer in a more prevalent procurement setting.

Project managers must frequently decide whether to obtain needed products and services from internal sources or from external sources.This decision is often referred to as the make-or-buy decision.Briefly identify and explain at least three reasons that support the decision to "make" the products and at least three reasons that support the decision to "buy" the products.

All of the following items are generally considered when selecting the right type of contract EXCEPT:​ 

Supply chain management focuses exclusively upon the parties directly involved in providing supplies to the project team.

Often a project team will start the selection process by establishing a list of potential suppliers.All of the following information sources are frequently used to identify these potential suppliers EXCEPT: 

All of the following entities are typically included in the supply chain EXCEPT: 

Buying from an outside supplier to meet project needs is a practice that is rarely used,because it invariably proves to be more expensive than doing the work with resources internal to the organization.

All of the following statements accurately describe supply chain management EXCEPT:​ 

Project partnerships offer all of the following advantages to vendors EXCEPT:​ 

All of these are factors that could lead to a decision to buy or outsource rather than make or perform in-house,EXCEPT:​ 

_______ is the PMBOK process that identifies those project needs that can be met by acquiring products and services from outside suppliers,determines what to purchase or acquire,and finalizes when and how to do so.