PROJ 598 Week 8 Final Exam

PROJ 598 Week 8 Final Exam 
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1 TCO H What is the maximum value of a verbal contract Points 5
2 TCO F Which is not part of the award phase of the contract management process Points 5
3 TCO D What are two major types of authority applicable to a contract manager project manager Briefly explain each of these authorities Points 16
4 TCO A Describe three techniques that build trust and a lasting partnership Give an example for each technique and how it would impact an organization Points 18
5 TCO B Describe the sellers pre award stage of the contract management process Give an example of the activity that takes place in each step Points 16
6 TCO E Describe and explain some of the tools and techniques that should be used in source selection For example is negotiation the only effective tool for source selection or are there others Points 16
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1 TCO C Compare and contrast fixed price agreements with cost reimbursable agreements and with time and material agreements Offer your opinion on which type of contract would best suit your organizational needs if you had to only select one type of agreement for all your suppliers and sub contractors Points 16
2 TCO F What is source selection, and why is it important Points 16
3 TCO G There are many misconceptions regarding global contract management Describe three such misconceptions and describe the reality of actual global contracts Points 16
4 TCO H One of the tools and techniques used in contract closeout or termination is compliance verification briefly describe this tool Points 16
5 TCO A State and elaborate five actions to improve your use of contract incentives Points 20
6 TCO C Describe qualitative vs quantitative evaluation criteria Points 20
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1 TCO D Performance-based contracts PBC contain five essential elements Points 20
2 TCO E It has been said that the side that does the most research and planning will often come out best in any negotiation Do you agree with this statement Do you disagree with this statement Defend your position with examples and other information Points 20
3 TCO F What is an indefinite delivery indefinite quantity IDIQ Points 20
4 TCO G Describe and compare and contrast the buyers and sellers post-award phase of the contract management process. Give an example for each step in the process for the buyer and for the seller Points 20
5 TCO H Describe and explain the awakening phase in the evolution of a project management organization. Explain and defend why this phase is the most important of the process. Use examples to support your ideas Points 20
6 TCO B What are the unique differences between cost plus incentive fee contracts and fixed price incentive contracts Points 20