Superb Professors

1. Procurement risks include which of the following?Select one:a. Long reduction and lead times
b. Increased cost due to short supply
c. Inability to purchase a product because it doesn’t exist
d. All of the above
2. Like a project charter, a Statement of Work details the scope and high level requirements of what the project will do.
Select one:
True
False
3. When planning a procurement, it is useful to …
Select one:
a. Consult with in-house experts in procurement, Hr and legal
b. Conduct a make or buy analysis
c. Insure the project sponsor signs off on the procurement plan
d. All of the above
4. A decision to procure external expertise, instead of building something in-house, can …
Select one:
a. Provide the context for planning the project
b. Result in project delays working with the organization’s budget and finance office
c. Enable the use of an agile methodology
d. Alienate in-house staff who could have worked on the project
5. It is a best practice to re-use your organization’s previous procurement plans and tools.
Select one:
True
False
 
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