Chapter 15 - Project Procurement

Question 1

Is all the work for a project done by the project team?

Answer 1

No, Commonly, another organization will do some of the work for the project.

Question 2

What are terms to describe work done by an outside organization?

Answer 2

• Outsourcing
• Purchasing
• Procurement

Question 3

The terminology of [blank] and [blank] will be used in terms of purchasing work.

Answer 3

[buyer] and [seller]

Question 4

What is the procurement process?

Answer 4

Procurement Decision =>
Make or Buy Analysis =>
Defining the Procurement =>
Statement of Work and Request for Proposal =>
Choosing the Seller =>
Contract =>
Monitoring the Seller's Performance =>
Deliverables Complete

Question 5

What is the purpose of a Make or Buy Analysis?

Answer 5

Determining if a project deliverable should be produced internally or externally.

Question 6

What is the purpose of the Statement of Work (SOW)?

Answer 6

Completely describes the work to be done by the external organization (seller).

Question 7

What is the purpose of the Request for Proposal (RFP)?

Answer 7

Completely describes the process the sellers will use to submit the proposal.

Question 8

When externally purchasing work, it is wise to only check 1 seller.

True / False

Answer 8

False, check multiple sellers to find better deals and select a preferred proposal and contract.

Question 9

After proposal for external work has been accepted, what does the buyer need to do?

Answer 9

• Monitor the progress of the work
• Verify deliverables
• Manage issues / changes