Essay on Pm 598 Final Exam Keller – Updated

1017 Words Sep 13th, 2015 5 Pages
PM 598 Final Exam Keller – Updated

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TCO A) All the below are tools and techniques of conduct procurement, except (Points : 5)
(TCO A) All the below are tools and techniques of control procurement, except (Points : 5) (TCO B) Proper selection criteria are critical for a successful project. All of the below would be considered good selection criteria for a buyer to use to select a seller, except (Points : 5) (TCO A) Why are the project schedule and the project budget inputs of plan procurement?
(TCO B) You
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You and the contract administrator are preparing for contract negotiations with two potential sellers. Why is determining who has authority an important activity in conducting a negotiation? (Points : 12)
(TCO G) There are many misconceptions regarding global contract management. Describe three such misconceptions, and describe the reality of actual global contracts. (Points : 12) (TCO G)What are the five ways that a contract can end? Please provide an example of each. (Points : 12) (TCO A) Describe and explain the four processes in the procurement management process from the buyer perspective, as shown in the PMBOK® Guide. (Points : 20)

(TCO B) You are a project manager at a bidder’s meeting. One of the potential sellers asks you a question concerning the project in the hallway leading to the meeting room. Can you answer this question for the seller? What would be your concern if you did answer the question? (Points : 20) (TCO B) What are the unique differences between cost plus incentive fee contracts and fixed price incentive contracts? (Points: 20) (TCO C) Fixed-price, cost-reimbursable, and time and material contracts are all potential agreements that could be reached between organizations. Describe each type of contract, and explain the range of risk for each of these types of contracts. (Points : 20) (TCO D) Compare and contrast an RFP and an IFB. When would each best be used in procuring goods or services?(Points :

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