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PROJ 598 Week 8 Final Exam

PROJ 598 Week 8 Final Exam

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Author: Christine Farr
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1. (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) Proper selection criteria are critical for a successful project. All of the below would be considered good selection criteria for a buyer to use to select a seller, except (Points : 5)
managerial approach of seller, references of seller, and ability of seller to make a reasonable make-or-buy decision.

past work done by seller, intellectual property rights, and risk associated with a given seller.

technical capability of seller, understanding of work by seller, and business type of seller.

financial capacity of seller, overall cost, and warranty offered by seller.
4. (TCO B) List and describe five source selection criteria typically used in procurement management. For each, explain why this criterion is important for a buyer to use to select a given seller. (Points : 12)
3. (TCO A) Why are the project scope statement and WBS inputs of plan procurement?
.
4. (TCO B) List and describe five source selection criteria typically used in procurement management. For each, explain why this criterion is important for a buyer to use to select a given seller. (Points : 12)
5. (TCO C) Which has more cost risk to the seller, a fixed-price contract or a cost-reimbursable contract? Why? How might that risk be mitigated?
6. (TCO D) Describe the typical work relationship between a project manager and a contract manager.(Points : 12)
7. (TCO E) You are writing a procurement SOW for an RFP. What items are you likely to include in this SOW? (Points : 12)
8. (TCO F) You have received back the bid proposals from prospective sellers. You are ready for source selection. What is source selection, and why is it important? (Points : 12)
9. (TCO G) One of the inputs to contract closeout is completion of work. What does it mean? (Points : 12)


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