Chapter 12 IT Project Manager – Flashcards
35 test answers
Unlock all answers in this set
Unlock answers 35question
A key factor in evaluating bids, particularly for projects involving information technology, is the past performance record of the bidder.
answer
T
Unlock the answer
question
In project procurement management, a main output of the controlling process is a source selection criteria.
answer
F
Unlock the answer
question
Risk registers and stakeholder registers are outputs of the planning procurement process.
answer
F
Unlock the answer
question
All contracts should include specific clauses that take into account issues unique to the project.
answer
T
Unlock the answer
question
While outsourcing, organizations should protect strategic information because it can become vulnerable in the hands of suppliers.
answer
T
Unlock the answer
question
A single contract can include all three categories of contracts.
answer
T
Unlock the answer
question
"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?
answer
Provides a company flexibility in staffing
Unlock the answer
question
In project procurement management, which of the following is one of the main outputs of the conducting procurement process?
answer
A selected seller
Unlock the answer
question
A drawback of outsourcing is that:
answer
it can make an organization become overly dependent on particular suppliers.
Unlock the answer
question
In project procurement management, the process of conducting procurements is part of the _____ process.
answer
executing
Unlock the answer
question
A(n) _____ contract carries the least risk for suppliers.
answer
CPPC
Unlock the answer
question
"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?
answer
Provides access to specific skills
Unlock the answer
question
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?
answer
CPPC
Unlock the answer
question
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?
answer
Reduction in fixed and recurrent costs
Unlock the answer
question
A(n) _____ is a document used to solicit proposals from prospective suppliers
answer
RFP
Unlock the answer
question
The procurement statements of work are an output of the _____ process of project procurement management.
answer
planning
Unlock the answer
question
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.
answer
CPFF
Unlock the answer
question
Which of the following is true of lump-sum contracts?
answer
They involve a fixed total price for a well-defined product or service.
Unlock the answer
question
"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?
answer
Helps focus on an organization's core business
Unlock the answer
question
From the buyer's perspective, the _____ is the least desirable among all contracts because the supplier has no incentive to decrease costs.
answer
CPPC
Unlock the answer
question
Outputs of the _____ process consist of selected sellers and resource calendars.
answer
conducting procurements
Unlock the answer
question
The first step in project procurement management is:
answer
planning procurement management.
Unlock the answer
question
Which of the following processes of project procurement management involves managing relationships with sellers, monitoring contract performance, and making changes as needed?
answer
Controlling procurements
Unlock the answer
question
In project procurement management, an output of the _____ monitoring and controlling process.
answer
Change requests
Unlock the answer
question
In project procurement management, the process of _____ involves obtaining seller responses, selecting sellers, and awarding contracts.
answer
conducting procurements
Unlock the answer
question
Which of the following is an output of the contract closure process?
answer
Updates to organizational process assets
Unlock the answer
question
In project procurement management, which of the following processes involve completion and settlement of each contract, including resolution of any open items?
answer
Closing procurements
Unlock the answer
question
In project procurement management, which of the following is an output of the executing process?
answer
Resource calendars
Unlock the answer
question
The _____ is a description of the work required for a procurement.
answer
SOW
Unlock the answer
question
In project procurement management, the process of _____ involves determining what to procure, when, and how.
answer
planning procurement management
Unlock the answer
question
In a(n) _____ contract, the buyer pays the supplier for allowable performance costs along with a predetermined fee and an incentive bonus.
answer
CPIF
Unlock the answer
