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Chapter 12: Project Procurement Management

Technology Technology CIS 4375 Englisch 52 Karten

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  1. 124. “A shortage of qualified personnel is one of the main reason that companies outsource. A project may require experts in a particular field for several months and planning for this procurement ensures that the needed services will be available for the project.” Which of the following benefits does this characteristic of outsourcing provide an organization? a. Reduces focus on its core business b. Increases control over all aspects of projects that suppliers carry out c. Provides access to specific skills d. Reduces dependency on suppliersc. Provides access to specific skills
  2. 225. Outsourcing suppliers can often provide economies of scale, especially for hardware and software, that may not be available to the client alone. Which of the following benefits does this offer an organization? a. Reduction in fixed and recurrent costs b. Increased flexibility c. Increased accountability d. Access to specific skillsa. Reduction in fixed and recurrent costs
  3. 326. “Most organizations are not in business to provide information technology services, yet many have spent valuable time and resources on information technology functions when they should have instead worked on important competencies such as marketing, customer service, and new product design. Outsourcing helps tackle this problem.” Which of the following benefits does outsourcing primarily provide in such a scenario? a. Reduces fixed and recurrent costs b. Protects strategic information from being accessible to external suppliers c. Increases accountability even without a written contract d. Helps focus on an organization’s core businessd. Helps focus on an organization’s core business
  4. 427. “Outsourcing to provide extra workers during periods of peak workloads can be much more economical than trying to fill entire projects with internal resources.” Which of the following advantages does this characteristic of outsourcing provide organizations? a. Offers control over all aspects of projects that suppliers carry out b. Provides a company flexibility in staffing c. Shifts accountability from external suppliers to internal staff d. Helps avoid any form of dependency on suppliersb. Provides a company flexibility in staffing
  5. 528. A drawback of outsourcing is that: a. it does not provide access to specific skills or technologies. b. it invariably results in an increase in both fixed and recurrent costs. c. it can make an organization become overly dependent on particular suppliers. d. it cannot increase accountability of suppliers through a written contract.c. it can make an organization become overly dependent on particular suppliers.
  6. 629. The first step in project procurement management is: a. closing procurement management. b. controlling procurements. c. conducting procurements. d. planning procurement management.d. planning procurement management.
  7. 730. In project procurement management, the process of _____ involves determining what to procure, when, and how. a. closing procurements b. controlling procurements c. conducting procurements d. planning procurement managementd. planning procurement management
  8. 831. In project procurement management, the process of _____ involves obtaining seller responses, selecting sellers, and awarding contracts. a. conducting procurements b. closing procurements c. settling contracts d. planning procurement managementa. conducting procurements
  9. 932. Outputs of the _____ process consist of selected sellers and resource calendars. a. closing procurements b. conducting procurements c. planning procurement management d. controlling procurementsb. conducting procurements
  10. 1033. Which of the following processes of project procurement management involves managing relationships with sellers, monitoring contract performance, and making changes as needed? a. Closing procurements b. Settling contracts c. Deciding on the services to procure d. Controlling procurementsd. Controlling procurements
  11. 1134. In project procurement management, which of the following processes involve completion and settlement of each contract, including resolution of any open items? a. Planning procurement management b. Controlling procurements c. Closing procurements d. Conducting procurementsc. Closing procurements
  12. 1235. The procurement statements of work are an output of the _____ process of project procurement management. a. planning b. executing c. monitoring and controlling d. closinga. planning
  13. 1336. In project procurement management, the process of conducting procurements is part of the _____ process. a. planning b. executing c. monitoring and controlling d. closingb. executing
  14. 1437. In project procurement management, which of the following is an output of the executing process? a. Make-or-buy decisions b. Statements of work c. Source selection criteria d. Resource calendarsd. Resource calendars
  15. 1538. In project procurement management, an output of the _____ monitoring and controlling process. a. Change requests b. Selected sellers c. Resource calendars d. Make-or-buy decisionsa. Change requests
  16. 1639. Which of the following is true of lump-sum contracts? a. They incur a high degree of risk for the buyer. b. They involve a fixed total price for a well-defined product or service. c. They consist of a fee based on the satisfaction of subjective performance criteria. d. They are also known as cost-reimbursable contracts.b. They involve a fixed total price for a well-defined product or service.
  17. 1740. _____ contracts involve payment to the supplier for direct and indirect actual costs and often include fees. a. Firm-fixed-price b. Lump sum c. Cost-reimbursable contracts d. Fixed-price incentive feec. Cost-reimbursable contracts
  18. 1841. In a(n) _____ contract, the buyer pays the supplier for allowable performance costs along with a predetermined fee and an incentive bonus. a. FFP b. CPIF c. CPPC d. FPIFb. CPIF
  19. 1942. With a(n) _____ contract, the buyer pays the supplier for allowable performance costs plus a fixed fee payment usually based on a percentage of estimated costs. a. CPFF b. FPIF c. CPAF d. CPIFa. CPFF
  20. 2043. In which of the following contracts does the buyer pay the supplier for allowable performance costs along with a predetermined percentage based on total costs? a. FPIF b. CPIF c. CPPC d. CPAFc. CPPC
  21. 2144. From the buyer’s perspective, the _____ is the least desirable among all contracts because the supplier has no incentive to decrease costs. a. CPIF b. CPFF c. CPAF d. CPPCd. CPPC
  22. 2245. A(n) _____ contract carries the least risk for suppliers. a. CPPC b. FFP c. CPAF d. FP-EPAa. CPPC
  23. 2346. The _____ is a description of the work required for a procurement. a. RFQ b. RFP c. WBS d. SOWd. SOW
  24. 2447. A(n) _____ is a document used to solicit proposals from prospective suppliers. a. RFQ b. WBS c. RFP d. SOWc. RFP
  25. 2548. A document used to solicit quotes or bids from prospective suppliers is known as a(n) _____. a. RFQ b. RFP c. WBS d. SOWa. RFQ
  26. 2649. After planning for procurement management, which of the following does the next process involve? a. Determining the evaluation criteria for the contract award b. Developing procurement statements of work c. Using expert judgement in planning purchases and acquisitions d. Sending appropriate documentation to potential sellersd. Sending appropriate documentation to potential sellers
  27. 2750. In project procurement management, which of the following is one of the main outputs of the conducting procurement process? a. A selected seller b. A procurement management plan c. A procurement statement of work d. A closed procurementa. A selected seller
  28. 2851. The process of choosing suppliers or sellers is known as _____. a. source selection b. a bid c. WBS d. a change ordera. source selection
  29. 2952. Which of the following is an output of the contract closure process? a. Procurement statements of work b. Updates to organizational process assets c. Resource calendars d. Work performance informationb. Updates to organizational process assets
  30. 301. Suppliers are those organizations or individuals who provide procurement services. a. True b. FalseTrue
  31. 312. While outsourcing, organizations should protect strategic information because it can become vulnerable in the hands of suppliers. a. True b. FalseTrue
  32. 323. Project procurement management consists primarily of two processes: assessing procurements and controlling procurements. a. True b. FalseFalse
  33. 334. If an organization has no need to buy any products or services from outside the organization, then it has no need to perform any of the procurement management processes. a. True b. FalseTrue
  34. 345. Risk registers and stakeholder registers are outputs of the planning procurement process. a. True b. FalseFalse
  35. 356. A single contract can include all three categories of contracts. a. True b. FalseTrue
  36. 367. Indirect costs are those costs can be traced back to a project in a cost-effective way. a. True b. FalseFalse
  37. 378. Buyers absorb lesser risk with cost-reimbursable contracts than they do with fixed-price contracts. a. True b. FalseFalse
  38. 389. The fee in a CPFF contract constantly varies even when the scope of a contract remains the same. a. True b. FalseFalse
  39. 3910. In unit pricing, the total value of the contract is a function of the quantities needed to complete the work. a. True b. FalseTrue
  40. 4011. All contracts should include specific clauses that take into account issues unique to the project. a. True b. FalseTrue
  41. 4112. In an FPI contract, all of the risk is borne by the buyer. a. True b. FalseFalse
  42. 4213. An FP-EPA contract carries the least risk for a supplier. a. True b. FalseFalse
  43. 4314. Make-or-buy analysis involves comparing the internal costs of providing a product with the cost of outsourcing. a. True b. FalseTrue
  44. 4415. A company is considering whether to purchase or lease a piece of equipment for an upcoming project. The cost to purchase is $10,000 plus $100 per day to operate or $500 per day to lease (including operating costs). If the company anticipates using the equipment for a total of 20 days, they will be indifferent as to whether or lease or purchase it. a. True b. FalseFalse
  45. 4516. Contents of the procurement management plan vary with project needs. a. True b. FalseTrue
  46. 4617. The main sections of an RFP can include the statement of work and schedule information. a. True b. FalseTrue
  47. 4718. A key factor in evaluating bids, particularly for projects involving information technology, is the past performance record of the bidder. a. True b. FalseTrue
  48. 4819. Reviewing performance records reduces the risk of selecting a supplier with a poor track record. a. True b. FalseTrue
  49. 4920. In project procurement management, a main output of the controlling process is a source selection criteria. a. True b. FalseFalse
  50. 5021. The contractual relationship is a legal relationship, which means it is subject to state and federal contract laws. a. True b. FalseTrue
  51. 5122. The closing procurements process involves updating records to reflect final results and archiving information for future use. a. True b. FalseTrue
  52. 5223. Procurement audits are often done during contract closure to identify lessons learned in the entire procurement process. a. True b. FalseTrue

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CIS 4375 Karteikarten am Chapter 12: Project Procurement Management, erstellt von Technology Technology am 06/10/2018.
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