Devry PROJ 410 Midterm Exam Latest

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Devry  PROJ 410 Midterm Exam Latest

Question 1. Question : (TCO 2) A firm should concentrate on its _____ processes while outsourcing its _____ processes.

overhead, core

core, non-core

non-core, overhead

non-core, core

Question 2. Question : (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: ______.

terms with no quantifiable impact

key contract terms

significant contract terms

informational terms from the RFP

Question 3. Question : (TCO 7) For most customers, requesting multiple bids is the preferred approach because it: _______.

adds to the project legitimacy

may lead to competitive pricing or service levels

enables the customer to use the possibility of other interested vendors as a negotiating tool

all of the above

Question 4. Question : (TCO 6) The Term, Contracting Party, Integration, Retained Assets, and Performance Standards are all: _______.

key terms to the Contract Pricing Options

key terms in a Cost Proposal

key terms in a Request for Information

key terms in the BPO Agreement

Question 5. Question : (TCO 3) How are the procurement responsibilities divided between the project manager and contract administrator?

Question 6. Question : (TCO 4) What is the difference between the Cost-Plus-Fixed Fee (CPFF) and the Cost-Plus-Incentive Fee (CPIF) contract structures?

Question 7. Question : (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?

Question 8. Question : (TCO 8) What is an independent estimate and why should a buyer produce an independent estimate before selecting a seller?

Question 9. Question : (TCO 7) Explain the purpose of an RFP. What are some common elements of an RFP?

(TCO 2) Part 1: Describe the six phases of the project procurement management process. Part 2: Using a simple decision such as painting your home, list what you would do under each project procurement management step. Part 3: The buyer determines the contract pricing structure during which step of the project procurement process?

Question 2. Question : (TCO 1) Part 1: Define the four types of contract pricing structures. Part 2: Using the following four factors–scope, schedule, budget, and risk–evaluate the appropriate use of each of the contract pricing structures. Part 3: What type of contract pricing structure would you use if you had a well-defined product that would be completed in a relatively short period of time?

Question 3. Question : (TCO 3) Identify and describe the benefits that outsourcing logistics will bring to the organizations.

Question 4. Question : (TCO 1) List and describe the directives to consider the process of outsourcing if you are a senior manager.

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Devry PROJ 410 Midterm Exam Latest