Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please give me right answer for all questions this is in learning test Question 1 of 10 : A vendor on Raj's project feels there

please give me right answer for all questions this is in learning test
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 1 of 10 : A vendor on Raj's project feels there is more complexity of requirements and scope than expected. As they hegotiate the contract, which approach should Raj avoid? Select an answer: Why is it most important for a procurement manager on a small project team to have the "big picture" of the project? Select an answer: so value can be added to the procurement process Why is it imperative that you, as a procurement manager, have a closeout meeting with your vendors? Select an answer: so your vendors know their obligations are completed so your vendors know they have complied with their legal requirements so you can identify what went well and what can be improved so your vendors can be paid for the products and services they provided Which statement best defines the essentials of procurement contracts? Select an answer: Specifics of project deliverables should be left for the vendor to decide. If it is important enough to agree on, it should be in writing. Minor details and modifications are best agreed on verbally. What is the "reverse" in a reverse auction? Select an answer: The highest bid becomes the favored bid. Project requirements become the lowest importance. The roles of buyer and seller are reversed. Vendors that provide complex products are preferred. When would using a blanket purchase agreement (BPA) be most advantageous for a procurement manager? Select an answer: when expected price increases can be planned when certain products are going to be ordered repeatedly in the future Li is the procurement manager on a project team sourcing a complex software package. Why is it important for Li to share the macro perspective of the overall project with her vendor? Select an answer: A client is requesting additional functionality for a software product your team is producing. What is the first step you would take as part of your company's integrated change control system? Select an answer: Assess the impact of the change on the contract. Approve the change and update the plan. Have the client submit a written change request form. How is procurement best defined? Select an answer: Where in a procurement strategy will you most consider the risks involved in a project? Select an answer: in the source selection criteria step

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing An Integrated Approach

Authors: Richard Cascarino

3rd Edition

1485110599, 978-1485110590

More Books

Students also viewed these Accounting questions