PM 598 Quiz Week 3 Keller
PM 598 Quiz Week 3 Keller

PM 598 Quiz Week 3 Keller

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PM 598 Quiz Week 3 Keller

(TCO B) All of the below would be considered good selection criteria for a buyer to use to select a seller, except (Points : 1…

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PM 598 Quiz Week 3 Keller

PM 598 Quiz Week 3 Keller

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(TCO B) All of the below would be considered good selection criteria for a buyer to use to select a seller, except (Points : 10)

Proprietary rights of buyer, overall cost, and warrantee offered by seller.
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.
Managerial approach of seller, capacity of seller to do the work, and ability of seller to make a reasonable make-or-buy decision.

(TCO A) According to the PMBOK® Guide, there are four processes in the procurement area. Describe and explain these four processes in the procurement management process for the buyer. (Points : 30

Plan procurement management 2.Conduct procurement management 3.Control procurement 4.Close procurement Plan Procurement Management According to the PMBOK, the plan…

https://www.hiqualitytutorials.com/product/tco-a-according-to-the-pmbok-quiz-week-3-pm-598-keller/

(TCO A) Describe and explain the four processes in the procurement management process for the buyer as shown in the PMBOK® Guide.  (Points : 30) 

The four procure management processes from the buyer’s point of view are: Plan procurement management is the process which…

https://www.hiqualitytutorials.com/product/tco-a-describe-and-explain-the-four-processes-quiz-week-3-pm-598-keller/

(TCO C) Compare and contrast a firm fixed-price contract with a cost-plus contract. When would each be appropriate for a given project?(Points : 30)

This type of contract must be negotiated carefully, because each hourly rate includes a component for overhead costs, which include both fixed and variable costs. Fixed costs are the…

https://www.hiqualitytutorials.com/product/tco-c-compare-and-contrast-a-firm-fixed-price-quiz-week-3-pm-598-keller/

(TCO C) Compare and contrast a cost-plus contract to a time and material contract.  When would each be appropriate for a given project? (Points : 30)

Cost-plus contract, also known as cost-reimbursable contract is the type of contract where the organization/buyer agrees to…

https://www.hiqualitytutorials.com/product/tco-c-compare-and-contrast-a-cost-plus-contract-quiz-week-3-pm-598-keller/

(TCO D) Compare and contrast an RFP, an IFB, and an RFI. When would each best be used in procuring goods or services? (Points : 30) 

Types of procurement documents include the request for proposals (RFP), request for quotations (RFQ), request for tenders (RFT), invitation to…

https://www.hiqualitytutorials.com/product/tco-d-compare-and-contrast-an-rfp-an-ifb-and-an-rfi-quiz-week-3-pm-598-keller/

(TCO D) What are the three types of procurement statements of work? When is each the appropriate for a given contract?  (Points : 30)

The three types of Statement of Work (SOW) are: Design/Detail SOW- provides information to the…

https://www.hiqualitytutorials.com/product/tco-d-what-are-the-three-types-quiz-week-3-pm-598-keller/

(TCO A) What is the largest difference between a contract and a project? (Points : 6)

A project and a contract are identical.
A contract has to be in writing while a project does not have to be in writing

A contract is always a project, but a project does not always involve a contract.

A project needs a project manager, and a contract needs a contract manager

None of the above

(TCO A) Which of the following common actions used by winning companies to build successful partnerships would involve strategic sourcing agreements, back-sourcing arrangements, joint-equity partnerships, preferred supplier agreements, and customer agreements? (Points : 6)

Changing buying and selling processes

Developing an integrated supply chain
Unleashing corporate buying and selling power

Learning and applying the best practices and e-tools from industry leaders

None of the above

(TCO B) The managing expectation process model includes which of the following steps? (Points : 6)

Clarify expectations, control expectations, and meet with customer

Clarify expectations, control expectations, and meet or exceed expectations

Ask, align, and negotiate

Listen, agree, and communicate

None of the above

(TCO A) What phase of the seller contract management process involves risk assessment tools, and what areas of risk would the tools address? (Points : 32)

According to our text book, the phase of the seller contract management process that involves risk assessment tools would be Step 2: Bid/No-Bid Decision Making (p.95).  In this step the…

https://www.hiqualitytutorials.com/product/tco-a-what-phase-of-the-seller-contract-management-quiz-pm-598-keller/

Additional information

Attribute Information
(TCO B) All of the below would be considered good selection criteria for a buyer to use to select a seller, except

PM 598 Quiz Week 3 Keller

(TCO A) According to the PMBOK® Guide, there are four processes in the procurement area. Describe and explain

PM 598 Quiz Week 3 Keller

(TCO A) Describe and explain the four processes in the procurement management process for the buyer

PM 598 Quiz Week 3 Keller

(TCO C) Compare and contrast a firm fixed-price contract with a cost-plus contract. When would each

PM 598 Quiz Week 3 Keller

(TCO C) Compare and contrast a cost-plus contract to a time and material contract. When would each be appropriate

PM 598 Quiz Week 3 Keller

(TCO D) Compare and contrast an RFP, an IFB, and an RFI. When would each best be used in procuring goods

PM 598 Quiz Week 3 Keller

(TCO D) What are the three types of procurement statements of work? When is each the appropriate

PM 598 Quiz Week 3 Keller

(TCO A) What is the largest difference between a contract and a project?

PM 598 Quiz Week 3 Keller

(TCO A) Which of the following common actions used by winning companies to build successful partnerships

PM 598 Quiz Week 3 Keller

(TCO B) The managing expectation process model includes which of the following steps?

PM 598 Quiz Week 3 Keller

(TCO A) What phase of the seller contract management process involves risk assessment tools, and what areas

PM 598 Quiz Week 3 Keller