1.Supply chain operations require
managerial processes that span across functional areas within individual
organizations, and link trading partners and customers across organizational
boundaries.
a.
True
b.
False
2.During procurement planning, the
project team determines which needs can best be met by acquiring products and
services from an outside provider, and which can be accomplished by the team.
a. True
b.
False
3.Outputs of Plan Procurement Management include the procurement
management plan and procurement statement of work.
a. True
b. False
4.On complex
projects, despite the importance of factors such as technical capability,
managerial capability and previous experience; the selection decision is
made mostly or entirely on price.
a.
True
b.
False
5.In many cases, the proposal prepared by the
vendor becomes a part of the final contract.
a. True
b.
False
6.A contract is a unilateral, binding
document that obligates the seller to furnish supplies or services to the
buyer.
a.
True
b.
False
7.Contract incentives are often used
when the buyer wants the seller to meet some defined project metrics, such as
finishing the project early, providing a higher level of quality or more
features, or anything else that the buyer wants to maximize and is willing to
pay for.
a.
True
b.
False
8.Fixed price contracts provide low
risk for the seller, since the buyer will pay a fixed price, regardless of how
much the project actually costs the seller.
a.
True
b.
False
9.One of the important factors that
should influence the selection of contract type is how the risk is distributed
between the buyer and the seller, and how the project is performed.
a.
True
b.
False
10.Project partnerships can be advantageous to both the client and the
vendor, in terms of improved project execution, flexibility, and reduced
bid administration.
a. True
b.
False
11.All of
the following statements accurately describe supply chain management EXCEPT:
a. It spans across suppliers and producers,
resellers, project organizations and consumers.
b. It is a system's approach to managing the
entire flow of physical products.
c. It addresses the flow of material, service,
monetary and information across supply chain partners.
d. It is a closed-loop system solely within the project
organization's boundaries.
12.Which of the following is one of the PMBOK Guide's
three project procurement management processes?
a. Plan supply chain management
b. Manage logistics
c. Conduct procurements
d. Conduct Make-or-Buy Analysis
13.The procurement management plan:
a. describes how the procurement division
will be managed.
b. describes how supply chain partners will
be managed.
c. describes how a project team will acquire goods
and services from outside the performing organization.
d. describes how sellers will
be audited by the procurement team.
14.The ________
documents the portion of work to be purchased, in enough detail so potential
suppliers can decide if they feel they are capable of and interested in
providing it.
a. request for information
b. purchase order
c.
procurement statement of work
d. request for quotation
15.Often a
project team will start the selection process by establishing a list of
potential suppliers. All of the following information sources are frequently
used to identify these potential suppliers EXCEPT:
a. supplier catalogs or websites
b. sales personnel
c. stakeholder register
d. trade shows
16.Under
normal conditions, which of these contract types poses the greatest risk to
the buyer?
a. Cost-Plus-Fixed-Fee
(CPFF)
b. Time and Material (T&M)
c. Firm-Fixed-Price (FFP)
d. Fixed-Price-Incentive-Firm (FPIF)
17.All of the following
accurately describe the features and characteristics of a contract EXCEPT:
a. A contract obligates the buyer to pay
for a specified product or service.
b. A contract obligates the seller to
provide a specified product or service.
c. The project organization is always a
buyer in a contract arrangement
d. A contract binds both the seller and the
buyer.
WEEK- 2 code install.packages("dplyr") library(dplyr) Rajeshdf = read.csv('c:\\Insurance.csv') str(Rajeshdf) str(Rajeshdf) summary(Rajeshdf) agg_tbl <- Rajeshdf %>% group_by(Rajeshdf$JOB) %>% summarise(total_count=n(), .groups = 'drop') agg_tbl a = aggregate( x=Rajeshdf$HOME_VAL, by=list( Rajeshdf$CAR_TYPE), FUN=median, na.rm=TRUE ) a QUIZ 2. What famous literary detective solved a crime because a dog did not bark at the criminal? A). Sherlock Holmes 1. In the Insurance data set, how many Lawyers are there? A). 1031 3. What two prefixes does the instructor use for variables when fixing the missing values? Select all that apply. A). IMP_ M_ 4. What is the median Home Value of a person who drives a Van? A). 204139 5. In the insurance data set, how many missing (NA) values does the variable AGE have? A) 7 1. What...
Some of the advantages of using time boxes and cycles in project coordination efforts include creating urgency, measuring progress, and allowing for predictable measurements. A) True 2. Even though most project managers are not contract specialists, they need to understand the process well enough to coordinate with the team. For the current assignment, you are looking at a short-term and small effort with a contractor of just a few hours without significant clarity. Which of the following would be the most applicable contract to use in this situation? A) Time and materials 3. The project you are working on has had modifications to the plan from the start and even how the project is run. Project governance covers all of the 3 following except: A) Naming The project manager 4. Of the following, which is most likely a trigger condition defined early in t...
GE---5093-1D2-FA-2021 - Design Thinking Home My courses 2021-FA GE---5093-1D2-FA-2021 Week 1 Reading Quiz 1 Started on Sunday, October 31, 2021, 2:04 PM State Finished Completed on Sunday, October 31, 2021, 2:30 PM Time taken 25 mins 58 secs Grade 8.00 out of 10.00 ( 80 %) Top of Form Question 1 Correct 1.00 points out of 1.00 Flag question Question text A critical finding of Edward Lorenz related to Design Thinking was: Select one: a. An application of the caterpillar effect b. The idea of deterministic chaos or the "Butterfly Effect" c. Business leaders enjoy chaos d. Statistical modeling of weather was fairly accurate in the long term Feedback Your answer is correct. The correct answer is: The idea of deterministic chaos or the "Butterfly Effect" Question 2 Incorrect 0.00 point...
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