Proj 598 Final Exam 2014 - Keller Essay

692 Words Dec 25th, 2014 3 Pages
PROJ 598 Final Exam 2014 - KELLER

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Week 8 : Final Week - Final Exam

Question 1.1. (TCO A) All the below are tools and techniques of control procurement, except (Points : 5) claims administration, payment systems, and procurement SOW. performance reviews, record management systems, and change control systems. change control systems, payment systems, and inspections and audits. records management systems, claims administration, and performance reporting.

Question 2.2. (TCO B) Proper selection criteria are critical
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What items are you likely to include in this SOW? (Points : 12)
Question 8.8. (TCO F) You are the project manager on an upcoming project. 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)

Question 9.9. (TCO G) What are the five ways that a contract can end? Please provide an example of each. (Points : 12)
Question 1.1. (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) Question 2.2. (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)

Question 3.3. (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)

Question 4.4. (TCO D) You are reviewing procurement models and you notice that there are three types of procurement statements of work. What are the three types of procurement statements of work? When is each appropriate for a given

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