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Exam 13: Project Supply Chain Management

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Question 1

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All of the following items are generally considered when selecting the right type of contract EXCEPT:​ 

A)  extent of price competition 
B)  overall degree of cost and schedule risk 
C)  urgency of requirements 
D)  project organization's accounting system

E) A) and B)
F) B) and D)

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Question 2

Multiple Choice

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Project partnerships offer which of the following advantages to both clients and vendors?​ 

A)  Ability to explore new technologies 
B)  Potential of lower cost for client 
C)  More effectively managed risks 
D)  Opportunity for vendor to prove themselves

E) A) and B)
F) C) and D)

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Question 3

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Information is a key ingredient at each stage of the project supply chain,as well as within each phase of supply chain decision making.

Buying from an outside supplier to meet project needs is a practice that is rarely used,because it invariably proves to be more expensive than doing the work with resources internal to the organization.

All of the following entities are typically included in the supply chain EXCEPT: 

All of the following statements accurately describe supply chain management EXCEPT:​ 

Which of the following types of contracts involves payment to the seller for the seller's actual approved costs of completed work,plus a fee typically representing the seller's profit?​ 

All of these are factors that could lead to a decision to buy or outsource rather than make or perform in-house,EXCEPT:​ 

Which of the following is one of the PMBOK Guide's three project procurement management processes?​ 

Contract types are often associated with two broad categories: fixed-price contracts and cost-reimbursable contracts.Briefly identify the factors to consider when determining which type is most appropriate for a planned contract.

Project partnerships offer all of the following advantages to vendors EXCEPT:​ 

Traditional project procurement was characterized by win / lose adversarial relations between owner and contractor,whereas contemporary project partnering fosters a relationship of trust and collaboration.

A traditional buyer-seller relationship is defined as "a long-term relationship between an owner and a contractor in which the contractor acts as a part of the owner's organization for certain functions." 

Often a project team will start the selection process by establishing a list of potential suppliers.All of the following information sources are frequently used to identify these potential suppliers EXCEPT: 

The project organization can be a seller in dealing with the project owner or customer and a buyer in a more prevalent procurement setting.

Project managers must frequently decide whether to obtain needed products and services from internal sources or from external sources.This decision is often referred to as the make-or-buy decision.Briefly identify and explain at least three reasons that support the decision to "make" the products and at least three reasons that support the decision to "buy" the products.

Supply chain management focuses exclusively upon the parties directly involved in providing supplies to the project team.

The procurement management plan: 

All of the following accurately describe the features and characteristics of a contract EXCEPT: 

_______ is the PMBOK process that identifies those project needs that can be met by acquiring products and services from outside suppliers,determines what to purchase or acquire,and finalizes when and how to do so.