PROJ410 Mid-Term

Topics: Procurement, Request for proposal, Request for quotation Pages: 5 (2501 words) Published: October 23, 2014

These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 9/28/2014 Time Spent: 2 h , 07 min , 34 secs

Points Received: 200 / 200  (100%)
Question Type: # Of Questions: # Correct:
Multiple Choice 4 4
Short 5 N/A
Essay 4 N/A
Grade Details - All Questions
Page:   1  2 
Question 1. Question : (TCO 2) The term BPO refers to: _______.   Student Answer: creating a new operation within an existing company   moving bits and pieces of a business unit to another area within an organization   shutting down a business unit and finding ways to "do more with less"   outsourcing one or more specific business processes, methodologies, or functions to a third-party vendor.   Instructor Explanation: Page 3

  Points Received: 5 of 5
  Comments: Question 2. Question : (TCO 5) All of the following are true about identifying the lead negotiator in the negotiations process, except: _______.   Student Answer: the lead negotiator will, at some point, likely be regarded as hostile by the other party   the project manager is always the lead negotiator

  choosing a lawyer as your lead negotiator may be a good idea because they are familiar with the role of articulating positions and are less inclined to respond emotionally   it is imperative that the individuals who have the subject matter knowledge stay involved in the negotiation process, even if they are not the lead negotiator(s)   Instructor Explanation: Page 110

  Points Received: 5 of 5
  Comments: Question 3. Question : (TCO 7) All of the following are common RFP topics, except: ______.   Student Answer: Request for Information
  Vendor Background Information
  Project Staff
  Performance
  Instructor Explanation: Textbook, pp. 35 - 38
  Points Received: 5 of 5
  Comments: Question 4. Question : (TCO 6) Proprietary Rights, Audit, Fees, Taxes, and Insurance are all key terms in a: _______.   Student Answer: Request for Information
  BPO Agreement
  Negotiation Session
  Cost Proposal
  Instructor Explanation: See Appendix 5.1 in textbook
  Points Received: 5 of 5
  Comments: Question 5. Question : (TCO 3) What activities is the contract administrator responsible for in a contract situation? What about the project manager?   Student Answer:   The contract administrator is responsible for reviewing and approving all aspects involved in administrating the contract. The project manager is is responsible for planning, scope definition, risks, and schedules related to project coordination.   Instructor Explanation: The project manager is responsible for identifying the project-related coordination, including the planning, scope definition, risks, and schedule, while the contract manager is responsible for reviewing and approving all aspects of administrating the contract.     Points Received: 12 of 12

  Comments: 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?   Student Answer:   With Cost-Plus-Fixed Fee, the buyer pays the seller's actual costs, both labor and materials, and a fixed fee determined as a percentage of the estimated project costs. With Cost-Plus-Incentive Fee, the buyer pays the seller's actual costs, both labor and materials, and a predetermined fee, an incentive bonus, if the contractor achieves whatever success criteria the bonus is linked to.   Instructor Explanation: Under the CPFF, the buyer pays the seller's actual costs (both labor and materials) and a fixed fee determined as a percentage of the estimated project costs. Under the CPIF, the buyer pays the seller's actual costs (both labor and materials) and a pre-determined fee, an incentive bonus, if the contractor achieves the success criteria to which the bonus is linked.      Points Received: 12 of 12

  Comments: Question 7. Question : (TCO 6)...
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