PROJ 410 Week 2 Quiz

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PROJ 410 Week 2 Quiz

(TCO 4) _____ refer(s) to the outsourcing of one or more specific business processes, methodologies, or functions to a third-party vendor, together with the IT that supports it.

(TCO 1) A fixed price or lump sum contract is best used when: ______.

(TCO 2) The _____ is responsible for reviewing and approving all aspects of administrating the contract, while the _____ is responsible for identifying the project-related coordination including the planning, scope definition, risks, and schedule

(TCO 3)  In the project procurement process, during plan contracting

(TCO 4) In the Week 2 You Decide simulation, the grocer did not want to bear any of the cost risk. Which contracting structure works best when the buyer wants to transfer the cost risk to the seller

(TCO 1) In the Week 2 You Decide simulation, you write in your scope of work that you’ll need some scanning equipment. However, the quantity of equipment is unknown until the seller begins to write the automated IT scanning software. One contracting pricing structure approach that you could take is to

(TCO 4) In the Week 2 You Decide simulation, the seller has a well-defined scope at the outset of the project. If the scope changes in the middle of the project to include integrating the scanning software with the payroll software, what types of contracting issues might arise

(TCO 2) Senior management typically has different reasons for issuing the directive to outsource than managment responsible for the business process. Managers responsible for the business process typically decide to evaluate outsourcing: _______.

(TCO 1) Communicating that outsourcing a business process is eminent to the employees is very important. Describe three approaches that can be taken and discuss the pros and cons of one of them