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Q1. What are the reasons that many companies are turning to outsourcing? Q2. List and briefly describe the six main processes of project procurement management.

Q1. What are the reasons that many companies are turning to outsourcing?

Q2. List and briefly describe the six main processes of project procurement management.

Q3. What are the three types of cost-reimbursable contracts? Briefly describe each type.

Q4. What is a SOW? What is a contract SOW?

Q5. What are RFPs and RFQs? How and why are these documents created, and what issues must be considered when creating them?

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