PROJ 410 Midterm Exam 1
1. (TCO 2) An offshoot of business
process outsourcing which requires a greater skill or knowledge of the industry
or inner workings of a firm is:
2. (TCO 3) How are the procurement
responsibilities divided between the project manager and contract
administrator?
3. (TCO 4) What is the difference
between the Cost-Plus-Percentage-Fee (CPF) contract structure and the
Cost-Plus-Fixed-Fee (CPFF) contract structure?
4. (TCO 5) To assess the impact
of a contract on both the buyer and seller, an analysis of exposure can be
completed. Categories analyzed in this exposure analysis include all of
the following except:
5. (TCO 6) Factors that may affect
the BPO agreement structure include all of the following except:
6. (TCO 6) Sometimes a seller is
selected based solely on lowest price. However, sometimes this is not
always the most efficient or effective way of selecting a seller. What
are some of the other evaluation criteria that a buyer may use to help select a
seller?
7. (TCO 7) Issuing an RFP to only
one vendor may be appropriate when:
8. (TCO 7) Explain the purpose of
an RFP. What are some common elements of an RFP?
9. (TCO 8) What is an independent
estimate and why should a buyer produce an independent estimate before
selecting a seller?
10. (TCO 2) Part 1: Explain the
various steps of the project procurement process. Part 2: Using the
simple decision of packing and moving your home furnishing from the east
coast to the west coast, provide an example of what you would do under each of
the six steps of the project procurement process. Part 3: The buyer
determines the contract pricing structure during which step of the project
procurement process?
11. (TCO 1) Part 1: What are
the four contract pricing structures available? Part 2: Describe the
appropriate utilization of each and the impact of risk to the buyer and
seller. Part 3. What contract pricing structure would you use if you had
little to no scope defined?
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