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PROJ 598 FINAL EXAM 2015 KELLER

PROJ 598 FINAL EXAM 2015 KELLER

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PROJ 598 FINAL EXAM 2015 KELLER

Week 8 : Final Week – Final Exam

(TCO A) All the below are tools and techniques of conduct procurement, except (Points : 5)

bidder’s conferences, negotiations, and advertising.

analytical techniques, expert judgments, and evaluation techniques.

estimates, bidder’s conferences, and evaluation techniques.

negotiations, make-or-buy decisions, and advertising.

Question 2.2. (TCO B) When conducing a procurement, which of the following is NOT a recommended tool or technique? (Points : 5)

Bidder Conference

Independent Estimate

Expert Judgment

The project manager being the lead negotiator

Question 3. 3. (TCO A) Why are the project scope statement and WBS inputs of plan procurement? (Points : 8)

Question 4. 4. (TCO B) A seller’s financial capacity is often one of the buyer’s selection criteria. Why is this an important consideration for a buyer? (Points : 12)

Question 5. 5. (TCO C) Awards and incentives are commonly used in contracts. Are these simply just two different way of saying the same thing, or are awards and inventive contracts different? (Points : 12)

Question 6. 6. (TCO D) Describe the typical work relationship between a project manager and a contract manager. (Points : 12)

Question 7. 7. (TCO E) You have been assigned the task of creating an RFP. Your project sponsor insists you do market research before writing the procurement SOW. How might this market research contribute to the procurement SOW? (Points : 12)

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