Question 1

____________________ means acquiring goods and/or services from an outside source.

Accepted Answer

The answer of ____________________ means acquiring goods and/or services from...

Question 2

Experts outside the company,including potential suppliers themselves,cannot provide expert judgment.

Accepted Answer

A) True 
 B)False

Question 3

_________________________ involves completion and settlement of each contract,including resolution of any open items.

Accepted Answer

Closing pr

Question 4

Tools to assist in contract closure include ____________________,negotiated settlements,and a records management system.

Accepted Answer

The answer of Tools to assist in contract closure include...

Question 5

It is customary to have contract negotiations during the source selection process.

Accepted Answer

A) True 
 B)False

Question 6

The success of many information technology projects that use outside resources is often due to good project cost management.

Accepted Answer

A) True 
 B)False

Question 7

Buyers typically develop a short list of the top ____ suppliers to reduce the work involved in selecting a source.

Accepted Answer

A) one to two 
B) three to five 
C) eight to ten 
D) twelve to fifteen 
A) one to two 
B) three to five 
C) eight to ten 
D) twelve to fifteen

Question 8

The cost savings and use of offshore resources lower inflation,increase productivity,and lower interest rates.

Accepted Answer

A) True 
 B)False

Question 9

Experts in source selection highly recommend that buyers use formal proposal ____________________ sheets during source selection.

Accepted Answer

The answer of Experts in source selection highly recommend that...

Question 10

A contract SOW should not specify the location of the work.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) RFQ 
B) RFP 
C) COW 
D) SOW 
A) RFQ 
B) RFP 
C) COW 
D) SOW

Question 12

"Outsourcing suppliers are often able to use economies of scale that may not be available to the client alone,especially for hardware and software." refers to the ____ benefit of outsourcing.

Accepted Answer

A) Reduce both fixed and recurrent costs 
B) Allow the client organization to focus on its core business 
C) Access skills and technologies 
D) Provide flexibility 
A) Reduce both fixed and recurrent costs 
B) Allow the client organization to focus on its core business 
C) Access skills and technologies 
D) Provide flexibility

Question 13

A(n)____________________ contract has the least amount of risk for the buyer.

Accepted Answer

FFP (firm-fixed pric

Question 14

A(n)____________________ is a document prepared by a seller when there are different approaches for meeting buyer needs.

Accepted Answer

The answer of A(n)____________________ is a document prepared by a...

Question 15

____ change orders are oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order.

Accepted Answer

A) Direct 
B) Constructive 
C) Destructive 
D) Instructive 
A) Direct 
B) Constructive 
C) Destructive 
D) Instructive

Question 16

It is important to use appropriate words in a contract SOW such as may instead of must.

Accepted Answer

A) True 
 B)False

Question 17

If there is no need to buy any products or services from outside the organization,then there is no need to perform any of the other procurement management processes.

Accepted Answer

A) True 
 B)False

Question 18

An October 2005 Information Technology Association of America (ITAA)-sponsored report stated that total savings from offshore resources during the 2005-2010 period are estimated to grow from $8.7 billion to ____.

Accepted Answer

A) $10.2 billion 
B) $20.4 billion 
C) $50.4 billion 
D) $107.9 billion 
A) $10.2 billion 
B) $20.4 billion 
C) $50.4 billion 
D) $107.9 billion

Question 19

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

Accepted Answer

A) CPFF 
B) Lump sum 
C) Cost-reimbursable 
D) Time and material 
A) CPFF 
B) Lump sum 
C) Cost-reimbursable 
D) Time and material

Question 20

____ involves managing relationships with sellers,monitoring contract performance,and making changes as needed.

Accepted Answer

A) Closing procurements 
B) Selecting sellers 
C) Requesting seller responses 
D) Administering procurements 
A) Closing procurements 
B) Selecting sellers 
C) Requesting seller responses 
D) Administering procurements

____________________ means acquiring goods and/or services from an outside source.

Experts outside the company,including potential suppliers themselves,cannot provide expert judgment.

_________________________ involves completion and settlement of each contract,including resolution of any open items.

Tools to assist in contract closure include ____________________,negotiated settlements,and a records management system.

It is customary to have contract negotiations during the source selection process.

The success of many information technology projects that use outside resources is often due to good project cost management.

Buyers typically develop a short list of the top ____ suppliers to reduce the work involved in selecting a source.

The cost savings and use of offshore resources lower inflation,increase productivity,and lower interest rates.

Experts in source selection highly recommend that buyers use formal proposal ____________________ sheets during source selection.

A contract SOW should not specify the location of the work.

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

"Outsourcing suppliers are often able to use economies of scale that may not be available to the client alone,especially for hardware and software." refers to the ____ benefit of outsourcing.

A(n)____________________ contract has the least amount of risk for the buyer.

A(n)____________________ is a document prepared by a seller when there are different approaches for meeting buyer needs.

____ change orders are oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order.

It is important to use appropriate words in a contract SOW such as may instead of must.

If there is no need to buy any products or services from outside the organization,then there is no need to perform any of the other procurement management processes.

An October 2005 Information Technology Association of America (ITAA)-sponsored report stated that total savings from offshore resources during the 2005-2010 period are estimated to grow from $8.7 billion to ____.

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

____ involves managing relationships with sellers,monitoring contract performance,and making changes as needed.

Introduction to Project Management

The Project Management and Information Technology Context

The Project Management Process Groups: A Case Study

Project Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Project Human Resource Management

Project Communications Management

Project Risk Management

Filters

Exam 12: Project Procurement Management

____________________ means acquiring goods and/or services from an outside source.

Experts outside the company,including potential suppliers themselves,cannot provide expert judgment.

_________________________ involves completion and settlement of each contract,including resolution of any open items.

Tools to assist in contract closure include ____________________,negotiated settlements,and a records management system.

It is customary to have contract negotiations during the source selection process.

The success of many information technology projects that use outside resources is often due to good project cost management.

Buyers typically develop a short list of the top ____ suppliers to reduce the work involved in selecting a source.

The cost savings and use of offshore resources lower inflation,increase productivity,and lower interest rates.

Experts in source selection highly recommend that buyers use formal proposal ____________________ sheets during source selection.

A contract SOW should not specify the location of the work.

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

"Outsourcing suppliers are often able to use economies of scale that may not be available to the client alone,especially for hardware and software." refers to the ____ benefit of outsourcing.

A(n)____________________ contract has the least amount of risk for the buyer.

A(n)____________________ is a document prepared by a seller when there are different approaches for meeting buyer needs.

____ change orders are oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order.

It is important to use appropriate words in a contract SOW such as may instead of must.

If there is no need to buy any products or services from outside the organization,then there is no need to perform any of the other procurement management processes.

An October 2005 Information Technology Association of America (ITAA)-sponsored report stated that total savings from offshore resources during the 2005-2010 period are estimated to grow from $8.7 billion to ____.

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

____ involves managing relationships with sellers,monitoring contract performance,and making changes as needed.

Introduction to Project Management

The Project Management and Information Technology Context

The Project Management Process Groups: A Case Study

Project Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Project Human Resource Management

Project Communications Management

Project Risk Management

Filters