Procurement Flashcards
Preapproved seller list
list of vendors that have been properly vetted by the organization and can be used as potential sellers on a project. All other choices are made-up terms.
Independent cost estimate
is generally made by hiring an outside professional estimator to provide a benchmark to determine whether the bids from a seller are adequate for the project.
procurement strategy
will outline how the procured section of the project should be delivered. It will also outline the contract types and procurement phases.
The project manager is set to start the process of conduct procurement. What should the project manager have received before starting this process?
Seller proposals. The seller proposals should be acquired before the project manager can negotiate and select the seller. All other choices are documents created by the project manager and the project team.
Cost-reimbursable contract
A _________________________ has two subtypes, cost-plus-fixed-fee and cost-plus-incentive-fee contracts. The contract described in the question is a cost-plus-fixed-fee contract, in which the project team will purchase all the project materials and then pay the seller a flat fee for their profits.
procurement strategy
The__________________________ documents delivery methods, types of agreements, and the procurement phases of the project.
Procurement statement of work
The ___________________outlines what, from the scope baseline, will be outsourced. It also contains information such as specifications, desired quality, and quality levels.
Salience Model
is used to describe stakeholders based on their power level, influence, urgency, or legitimacy.
Stakeholder register
documents who the project stakeholders are, including their contact information, role, position, influence, and expectations.
The stakeholder engagement assessment matrix shows a comparison between the current and desired engagement levels of stakeholders.
Stakeholder engagement assessment matrix
