PROJ410 Mid-Term Essay

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These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 9/28/2014 Time Spent: 2 h , 07 min , 34 secs Points Received: 200 / 200 (100%) Question Type: # Of Questions: # Correct: Multiple Choice 4 4 Short 5 N/A Essay 4 N/A Grade Details - All Questions Page: 1 2 Question 1. Question : (TCO 2) The term BPO refers to: _______. Student Answer: creating a new operation within an existing company moving bits and pieces of a business unit to another area within an organization shutting down a business unit and finding ways to "do more with less" outsourcing one or more specific business processes,…show more content…
What are some of the other evaluation criteria that a buyer may use to help select a seller? Student Answer: Some of the evaluation criteria the buyer can use includes: Understanding scope of work Overall cost or financial proposal Management approach Reputation Production capacity Business size and type Flexibility Experience Value-added services References Timeframe Industry developments and benchmarks Human resources Instructor Explanation: Understand the scope of workOverall cost or financial proposalTechnical capabilityManagement approachReputationProduction capacityBusiness size and typeFlexibilityExperienceValue-added servicesReferencesTimeframeIndustry developments and benchmarksHuman resources Points Received: 12 of 12 Comments: Question 8. Question : (TCO 8) What is an independent estimate and why should a buyer produce an independent estimate before selecting a seller? Student Answer: The independent estimate is produced by the buyer and is its assumption of the "should-be" costs. Having an independent estimate allows the buyer to check the supplier's price. A significant difference between a seller's price and the independent cost estimate points to an indication that either the seller did not interpret the scope of the work correctly of the buyer did not translate its expectations correctly. Instructor Explanation: An independent estimate is produced by the buyer and

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