Quiz 12 All Correct

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Blinn College *

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1311

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Information Systems

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Feb 20, 2024

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docx

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Quiz 12 All Correct 1. A potential customer is interested in purchasing a significant number of batches of your flagship product, which will require you to procure additional equipment to fulfill this order. The potential customer sends you a letter of intent so that your company can get a bank loan to procure the additional equipment, but the bank rejects the loan application. What is the most likely reason for the rejection? A letter of intent is not a legal document. 2. Which of the following tools would you utilize to look for potential vendors to discuss the project and receive proposals from? Advertising 3. In which of the following situations will a force majeure clause apply? (Choose two.) There is rioting in the area. A sudden tornado touches down in the area. 4. You need to purchase 500 windows of equal size for a hotel construction project. What type of bid document should you submit to the vendor so that they can send you a quote? RFQ 5. You have a dispute with one of your vendors regarding the work they completed and the work that was agreed to. What should you do to determine the next steps to resolve this dispute? Refer to the contract with the vendor. 6. You are managing a construction project for an office building and need 10,000 square feet of carpeting. The customer prefers a standard design that is available from several suppliers. Which of the following is the best bid document to use? RFQ 7. You are trying to determine whether to outsource an activity to a vendor by considering the cost implications, availability of resources, and the schedule. What are you performing? Make or buy analysis 8. You have decided to outsource the work and sign a CPPC contract with a vendor. What will be your biggest concern throughout the project? Cost 9. Which of the following would be an example of an administrative change to the contract? The phone number for the contact person has changed. 10. Your vendor requests a change to the contract. They were waiting for important data and details on requirements from one of your teams before they could start work on their activity. However, it has been several weeks since the request, and they still have not received the information they need, which will now jeopardize the deadline. They are asking for an extension to the deadline. What should you do? Extend a deadline due to a constructive change. 11. You have decided to outsource an activity to a preferred vendor. Which of the following is true? This referred to as single source contracting. 12. Your senior stakeholders want you to select a small local vendor to perform an activity that you are planning to outsource. Which of the following is true? This is source selection criteria. 13. You have hired a vendor to perform certain activities on your project. Which of the following is not true regarding early termination? Your vendor can terminate the contract for convenience.
14. Your vendor hired one of their subcontractors, who have severely underperformed. You have reached out to the subcontractors several times, but they have completely ignored you. Which of the following is true? The subcontractor is within their right not to respond to you. 15. You are an IT project manager for an organization where senior management is risk averse. Partway through an implementation project, you decide that some activities need to be outsourced to a vendor due to lack of resources in your company. Which type of contract should you negotiate? FFP 16. You are in a meeting with several potential sellers for an agile project. Most likely, which meeting is this? Bidder's Conference 17. Which of the following is not an advantage of centralized contracting? Project dedicated procurement resources 18.
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