Question 5. 5. (TCO 3) How are the procurement responsibilities divided between

Question

Question 5.5. (TCO 3) How are the procurement responsibilities divided between the project manager and contract administrator? (Points : 12)

Question 6.6. (TCO 4) What is the basic difference between the Cost-Plus-Percentage-Fee (CPF) and the Cost-Plus-Incentive-Fee (CPIF) contract structures? (Points : 12)

Question 7.7. (TCO 6) List three commonly used evaluation criteria listed in an RFP and explain why a buyer would want this information before selecting a seller. (Points : 12)

Question 8.8. (TCO 8) What are the two ways to rank the seller's proposals before selecting a seller? (Points : 12)

Question 9.9. (TCO 7) Explain the purpose of an RFP. What are some common elements of an RFP? (Points : 12)

Question 1.1. (TCO 2) The term BPO refers to: _______. (Points : 5)        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, methodologies, or functions to a third-party vendor.

Explanation / Answer

Ans 1.1 - correct option is D - BPO is business process outsourcing- it means part of your business outsource to another vendor.

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