Identify the advantages to outsourcing project work

Assignment Help Management Theories

Reference no: EM131465260

1. The Procurement Management Plan although part of the PMP would start to be developed in which stage of the project life cycle?

A. Initiation

B. Planning

C. Executing

D. Monitor & Control

2. Disadvantages of outsourcing project work may include all of these except:

A. increased conflict

B. coordination breakdowns

C. increased costs

D. loss of control

3. Which of the following are valid contract types?

A. Build, Own, Operate, Transfer (BOOT)

B. Build, Own, Operate (BOO)

C. Build, Operate, Transfer (BOT).

D. All the given answers are correct.

4. Which of these is not a valid cost reimbursable contract type?

A. Cost plus flexible fee (CPFF) contracts

B. Cost plus incentive fee (CPIF) contracts

C. Cost plus award fee (CPAF) contracts

D. Cost plus fixed fee (CPFF) contracts

5. The driving motive for increasing the use of outsourcing on projects is:

A. reducing the trade deficit

B. reducing costs

C. improving international sales

D. making products more international in design

6. Recent outsourcing trends have shown an increasing emphasis on the suppliers for all of these except:

A. further cost reductions

B. increased quality of work performed

C. increased ability to collaborate

D. increased ability to work together

7. Which of these is not a key to successful partnering relationships?

A. Mutual trust

B. Jointly shared risk

C. Total company involvement

D. Independent project teams

8. Best practices in outsourcing project work include all of these except:

A. training and teambuilding activities

B. well established conflict management processes

C. frequent reviews and status updates

D. All the given answers are correct.

9. Best practices in outsourcing project work include all of these except:

A. training and teambuilding activities

B. well established conflict management processes

C. frequent reviews and status updates

D. All the given answers are correct.

10. To avoid problems with schedules and deadlines you should:

A. develop detailed schedules

B. hold frequent status reviews

C. add a penalty clause to the contract

D. hold frequent conversations with the outsourcer

11. How is risk shared in partnerships?

A. One party only

B. 50/50

C. With the new partnership entity

D. All the given answers are correct.

12. Which of these is not one of the key points of principled negotiation?

A. Use objective criteria when possible

B. Be honest and forthright

C. Focus on interests, not positions

D. Invent options for mutual gain

13. Which is not one of the six stages of contract negotiation?

A. Offer and acceptance (agreement)

B. Intention to create legal relations

C. Engagement

D. Consideration

14. Which of these is not one of the elements of good negotiation?

A. Conflict on a project can be good

B. Negotiation is not a contest

C. Seek first to understand, then to be understood

D. All the given answers are correct.

15. Which of the following is reflected in the saying ‘Seek first to understand, then to be understood'?

A. Separate people from the problem

B. Be honest

C. Focus on interests, not positions

D. Invent options for mutual gain

16. A project manager should adopt the preferred suppliers of the parent organisation.

True False

17. A firm fixed price contract offers the buyer less risk than the seller?

True False

18. The cost plus fixed fee (CPFF) contract is where a fixed fee is agreed upon for an estimated amount of work (determined during project estimating). This fee, together with agreed ‘allowable costs', are subsequently billed back to the supplier.

True False

19. Dispute arrangements should be agreed but not documented in the contract?

True False

20. Sub-contracting arrangements should be agreed and documented in the contract?

True False

21. In partnering, access to each other's organisation resources is available.

True False

22. It is a good idea to add a penalty clause to an outsourcing agreement because deadlines are often taken as a suggestion rather than a commitment.

True False

23. List 12 contract/tender selection criteria that would be vital to consider in any contaract/tender selection.

24. Describe the key activities carried out in the Initiation stage of the project life cycle from a procurement perspective.

25. Describe the key activities carried out in the Planning stage of the project life cycle from a procurement perspective.

26. Describe the key activities carried out in the Execution stage of the project life cycle from a procurement perspective.

27. Describe the key activities carried out in the Closing stage of the project life cycle from a procurement perspective.

28. Identify the four advantages to outsourcing project work.

29. Identify the disadvantages of outsourcing project work.

Reference no: EM131465260

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