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10 Cards in this Set
- Front
- Back
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Procurement items are detailed in which of the following?
A. WBS B. Charter C. Project Schedule D. Procurement statement of work |
Planning - Procurement Management
A procurement statement of work is the document that will give bidders the detail they need to formulate their bid for a particular procurement. |
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Which of the following would facilitate a larger number of responses to an invitation for bid?
A. Bidders conference B. Advertising C. Letter of intent D. Single source order |
Executing - Procurement Management
A) Bidders' conference is to ensure a common and correct understanding of the scope of work being procured B) The purchaser may insert advertisements in newspapers, magazines, or in any other media meant for public distribution to secure a larger response to the inquiry for procurement C) Letter of intent is an intimation of intent to hire and it is not a tool for solicitation D) Single source order implies a preferred supplier of the goods or services and restricts competition |
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Single source order implies ....
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A preferred supplier of the goods or services and restricts competition.
"O" for only source? |
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Bidders' conference is to ensure ...
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12.2.2
a common and correct understanding of the scope of work being procured. -Exam Central PMBOK->Conduct Procurement ->TNT: Bidder's conferences (sometimes called contractor conferences, vendor conferences, and pre-bid conferences) are meetings between the buyer and all prospective sellers PRIOR to submittal of a bid or proposal. They are used to ensure that all prospective sellers have a clear and common understanding of the procurement (technical and contractual requirements), and that no biddrs receive preferential treatment. To be fair, buyers must take great care to ensure all prospective sellers hear every question from any individual prospective seller and every answer from the buyer. |
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Letter of intent is an ...
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intimation of intent to hire and it is not a tool for solicitation
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What are the Conduct Procurement (obtaining seller response/selecting seller/awarding a contract) ->TNT?
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1. Bidder's conferences
2. Proposal Evaluation Technique 3. Independent Estimates 4. Expert Judgement 5. Advertising 6. Internet Search 7. Procurement Negotiations |
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What is the difference between Conduct Procurement and Administer Procurement TNT?
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12.2 Executing ->Conduct Procurement
The process of obtaining seller responses, selecting a seller, and awarding a contract. In this process the team receives bids or proposals and will apply previously defined selection criteria to select one or more sellers who are qualified to perform the work and acceptable as a seller. 7xTNT include: 1) Bidder conference 2) Proposal evaluation techniques 3) Independent estimates 4) Advertising 5) Internet Search 6) Procurement Negotiations 12.3 M&C ->Conduct Procurement ->Inputs Uses both: 12.3.1procurement documents and 12.3.2project management plan 3. Contract 4. Performance Reports 5. Approved change requests 6. Work Performance Information Administer Procurement: Process of managing procurement relationships, monitoring contract performance, and making changes and corrections as needed. |
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What are the Close Procurment TNT?
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Procurement Audits
Negotiated Settlements Records Mgmt System |
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What are the Close Procurement Outputs
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Closed Procurements, 12.4.3.1 and 12.4.3.2
OPAs 1. Procurement File (indexed contract documentation/ closed contract; 2. Deliverable Acceptance 3. Lessons learned documentation |
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Procurement audits are primarily concerned with...? When are they used?
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Used during the Close Procurement ->TNT phase, 12.4.2.1
Procurement audits are concerned with lessons learned; structured review of the procurement process originating from the Plan Procurements process (Section 12.1) through Administer Procurements (12.3). Objective of a procurement audit is to identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts on the project, or on other projects within the performing organization. |
