PROJ/598 PROJ598 PROJ 598 WEEK 3 QUIZ

 PROJ 598 WEEK 3 QUIZ


Question 1

10 / 10 pts

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

financial capacity of seller, overall cost, and warranty offered by seller.

managerial approach of seller, references of seller, and ability of seller to make a reasonable make-or-buy decision.

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.

 

Question 2

30 / 30 pts

(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.

 

Question 3

18 / 30 pts

(TCO C) Compare and contrast a firm fixed-price contract with a time and materials contract. When would each be appropriate for a given project?

 

Question 4

30 / 30 pts

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

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