SCM 340 Chap 10
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43 Terms
1. All of the following are types of examples of organizations from which software or its components can be procured EXCEPT:
Answer: hardware companies
2. ________ help companies develop custom information systems for internal use, or they develop, host, and run applications for customers.
Answer: IT services firms
3. Off-the-shelf software systems that cannot be modified to meet specific needs are called:
Answer: turnkey systems
4. A(n) ________ system is a system that integrates individual traditional business functions into modules so that a single transaction occurs seamlessly.
Answer: ERP
5. Which of the following is NOT true about ERP systems?
Answer: IT is easier to integrate data using a best-of-breed strategy
6. Using different software products from different sources to capitalize on strengths is referred to as:
Answer: best-of-breed strategy
7. Software-as-a-Service uses a(n) ________ model.
Answer: utility computing
8. Open source software is different because:
Answer: the source code is freely available
9. When the task requires custom support, companies should turn to:
Answer: IT services firms
10. When the supported task is generic, companies should turn to:
Answer: packaged software producers
11. For complete systems that cross functional boundaries, companies should turn to:
Answer: enterprise-wide solutions
12. When the supported task is generic, but cost is an issue, companies should turn to:
Answer: open source software
13. The procurement of products/services from an outside vendor is called:
Answer: outsourcing
14. How many processes does the project procurement management knowledge area include?
Answer: three
15. Which of the following is a process in the project procurement management knowledge area?
Answer: Plan procurement management
16. Plan procurement management is part of the ________ process group.
Answer: planning
17. Conduct procurements is part of the ________ process group.
Answer: executing
18. Control procurements is part of the ________ process group.
Answer: monitoring and controlling
19. The process ________ involves determining which needs can be met by external acquisition.
Answer: Plan procurement management
20. Which of the following is NOT another name for an RFP?
Answer: Request for acquisition
21. The key technique used in procurement planning is:
Answer: make-or-buy analysis
22. A contract where the supplier is bound to the price is called:
Answer: fixed price contract
23. Under a cost-reimbursable contract:
Answer: indirect costs are typically billed as a percentage of direct costs
24. A contract involving payment for actual cost plus a fee is called:
Answer: cost-reimbursable contract
25. Under a ________, vendors provide an hourly rate and estimate of time/materials.
Answer: time and materials contract
26. Only when requirements are detailed, suppliers use a:
Answer: fixed price contract
27. For a ________, requirements should include review points and progress checks.
Answer: time and materials contract
28. ________ costs are incurred in providing the product/service.
Answer: direct
29. ________ costs are part of doing business.
Answer: indirect
30. ________ costs is another term for overhead costs.
Answer: indirect
31. A(n) ________ addresses managing vendors and procurement documents.
Answer: procurement management plan
32. A(n) ________ describes the product/service being sought.
Answer: SOW
33. Statements of work:
Answer: tend to be revised as they move through the procurement process
34. Which is NOT an output of planning purchases/acquisitions?
Answer: market research
35. The most common procurement document is:
Answer: RFP
36. An RFP:
Answer: often becomes a part of the final contract
37. Which is NOT part of an RFP?
Answer: stakeholder section
38. What is NOT true about evaluation criteria?
Answer: they focus on quality only
39. A method to quantitatively compare vendor proposals is:
Answer: weighting system
40. A system eliminating vendors based on minimum criteria is:
Answer: screening system
41. Another term for independent estimates is:
Answer: should-cost estimates
42. The process of buyer and vendor discussing and agreeing on contract terms is:
Answer: contract negotiation
43. Ensuring procured products meet standards is called:
Answer: control procurements