Exam 5: Planning Projects, part 2 Project Quality, human Resource, communications, risk, and Procurement Management

A(n)____________________ is a document used to solicit proposals from prospective suppliers.

The costs of providing a work space for project workers,office furniture,electricity,and a cafeteria are ____ costs.

A ____ contract has the least amount of risk for the buyer.

A(n)____________________ management plan is a document that guides project communications.

In a RACI chart,each task may have multiple ____ entries.

A single project should have only one checklist.

What is a contract statement of work (SOW)and how should it be specified?

Project management involves meeting or exceeding stakeholder needs and expectations.

A(n)____________________ is a matrix that maps the work of the project as described in the work breakdown structure (WBS)to the people responsible for performing the work.

____ contracts reduce the risk of incurring higher costs than expected.

____ are indicators or symptoms of actual risk events.

____ plans are developed for risks that have a high impact on meeting project objectives,and are put into effect if attempts to reduce the risk are not effective.

If a project's stakeholders are not satisfied with the quality of the project management or the resulting products or services,the project team will need to adjust ____,time,and cost to satisfy stakeholder needs and expectations.

Key outputs of project ____________________ management planning include a risk management plan,a probability/impact matrix,a risk register,and risk-related contractual agreements.

You would use a(n)____-or-buy analysis to decide whether to purchase or lease items for a particular project.

Fixed-price or ____________________ contracts involve a fixed total price for a well defined product or service.

____________________ analysis involves estimating the internal costs of providing a product or service,and comparing that estimate to the cost of outsourcing.

____ risk events might include the performance failure of a product produced as part of a project,delays in completing work as scheduled,increases in estimated costs,supply shortages,litigation against the company,and strikes.

Having a plan guarantees that all communications will flow smoothly.

After thoroughly evaluating a supplier,many organizations summarize evaluations using a supplier ____ matrix-a type of weighted scoring model.