What are the reasons that many companies are turning to outsourcing

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Chapter 12 – quiz and discussion questions

Project procurement Management

Answers for Questions 1-5:

a. planning contracting

c. requesting seller responses

b. selecting sellers

d. planning purchases and acquisitions

1.

_____ involves determining what to procure, when, and how.

2.

_____ involves describing requirements for the products or services desired from

the procurement and identifying potential sources or sellers.

3.

_____ involves obtaining information, quotes, bids, offers, proposals from sellers,

as appropriate.

4.

Inputs needed for _____ include the project scope statement, WBS and WBS

dictionary, project management plan, and information on enterprise environmental

factors and organizational process assets.

5.

The procurement management plan, contract statement of work, make-or-buy

decisions, and project management plan are all important inputs for the _____

process.

6.

A March 2004 Information Technology Association of American (ITAA) –

sponsored report stated that total savings from offshore resources during the same

time period are estimated to grow from $6.7 billion in 2003 to _____ in 2008.

a. $10.2 billion

b. $20.9 billion

c. $50.4 billion

d. $107.9 billion

Answers for Questions 7-8:

a. closing the contract

c. requesting seller responses

b. selecting sellers

d. administering the contract

7.

Outputs to the _____ process include selected sellers, contracts, a contract

management plan, resource availability information, updates to the procurement

management plan, and requested changes.

8.

_____ involves managing the relationship with the selected seller.

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Answers for Questions 9-10:

a. RFQ

c. COW

b. RFP

d. SOW

9.

The _____ is a description of the work required for the procurement.

10.

A(n) _____ is a document used to solicit proposals from prospective suppliers.

11.

A(n) _____ is a document used to solicit quotes or bids from prospective

suppliers.

Discussion Questions:

1.

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

2.

List and briefly describe the six main processes of project procurement

management.

3.

What are the three types of cost-reimbursable contracts? Briefly describe

each type.

4.

What is a SOW? What is a contract SOW?

5.

What are RFPs and RFQs? How and why are these documents created and

what issues must be considered when creating them?