Question 1

Which of the following factors should be considered when a project team evaluates a "make or buy" decision to procure services?

Accepted Answer

A)  prevailing public opinion regarding the economic impact of outsourcing 
B)  only the direct costs associated with the decision, excluding consideration of indirect costs 
C)  advantages and disadvantages of outsourcing in terms of performance control 
D)  project manager's preference 
A)  prevailing public opinion regarding the economic impact of outsourcing 
B)  only the direct costs associated with the decision, excluding consideration of indirect costs 
C)  advantages and disadvantages of outsourcing in terms of performance control 
D)  project manager's preference

Question 2

The PMBOK process of documenting project purchasing decisions,specifying the approach and identifying potential sellers is known as:

Accepted Answer

A)  Define supply chain. 
B)  Plan procurements. 
C)  Schedule procurements. 
D)  Negotiate contracts 
A)  Define supply chain. 
B)  Plan procurements. 
C)  Schedule procurements. 
D)  Negotiate contracts

Question 3

Buying from an outside supplier to meet project needs is generally frowned upon because it invariably proves to be more expensive than obtaining materials and services internally.

Accepted Answer

A) True 
 B)False

Question 4

Contract incentives are often used when the buyer wants to maximize some aspect of performance.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A)  extent of price competition 
B)  overall degree of cost and schedule risk 
C)  urgency of requirements 
D)  project organization's accounting system 
A)  extent of price competition 
B)  overall degree of cost and schedule risk 
C)  urgency of requirements 
D)  project organization's accounting system

Which of the following factors should be considered when a project team evaluates a "make or buy" decision to procure services?

The PMBOK process of documenting project purchasing decisions,specifying the approach and identifying potential sellers is known as:

Buying from an outside supplier to meet project needs is generally frowned upon because it invariably proves to be more expensive than obtaining materials and services internally.

Contract incentives are often used when the buyer wants to maximize some aspect of performance.

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

Introduction to Project Management

Project Selection and Prioritization

Organizational Capability: Structure,Culture and Roles

Chartering Projects

Stakeholder Analysis and Communication Planning

Defining Scope and Constructing Work Breakdown Structures (WBS)

Scheduling Activities

Resourcing Projects

Budgeting Projects

Project Risk Planning

Project Quality Planning and Project Kick: off

Leading and Managing Project Teams

Determining Project Progress and Results

Finishing the Project

Filters

Exam 12: Project Supply Chain Management

Which of the following factors should be considered when a project team evaluates a "make or buy" decision to procure services?

The PMBOK process of documenting project purchasing decisions,specifying the approach and identifying potential sellers is known as:

Buying from an outside supplier to meet project needs is generally frowned upon because it invariably proves to be more expensive than obtaining materials and services internally.

Contract incentives are often used when the buyer wants to maximize some aspect of performance.

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

Introduction to Project Management

Project Selection and Prioritization

Organizational Capability: Structure,Culture and Roles

Chartering Projects

Stakeholder Analysis and Communication Planning

Defining Scope and Constructing Work Breakdown Structures (WBS)

Scheduling Activities

Resourcing Projects

Budgeting Projects

Project Risk Planning

Project Quality Planning and Project Kick: off

Leading and Managing Project Teams

Determining Project Progress and Results

Finishing the Project

Filters