PROJ 410 Midterm Exam
1. (TCO 2) A firm should
concentrate on its _____ processes while outsourcing its _____ processes.
2. (TCO 3) Explain the difference
between a contract administrator and a project manager in a procurement
situation.
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) Three commonly used
evaluation criteria listed in an RFP are overall cost or financial proposal,
reputation, and experience. What can the buyer glean from this information
and how can the buyer use it to make a decision on a particular seller?
7. (TCO 7) All of the following are
common RFP topics, except: ______.
8. (TCO 7) Explain the purpose of
an RFP. What are some common elements of an RFP?
9. (TCO 8) What are the two ways to
rank the seller’s proposals before selecting a seller?
10. (TCO 2) Part 1: List and define
the six phases of the project procurement management process. Part 2:
How could you organize a simple project such as renovating a bathroom into the
six steps in the project procurement management process? Part 3: The buyer
determines the contract pricing structure during which step of the project
procurement process?
11. (TCO 1) Part 1: Discuss the
following types of contract pricing: (a) fixed price, (b) cost-plus price, (c)
time & materials, and (d) unit price. Part 2: Explain the
appropriate utilization of each contract pricing type and the impact of risk to
the contracting parties. Part 3: What type of contract pricing structure
misaligns the buyer’s motivations with the seller’s?
12. (TCO 3) Identify and describe
the benefits that procurement outsourcing will bring to the organization.
13. (TCO 1) Discuss the importance
of obtaining support for the process of Business Process Outsourcing. Who would
be important to involve and why?
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