PM 598 Entire Course Contract and Procurement 100% Correct Keller Please Download Here! studentswithsolutions/view-tutorial.aspx?TutorialId=29565 Inventory Control System Design Project Contract and Procurement Keller 41 Pages A+++ The course project for PM598 consists of three parts, which provide familiarization to processes associated with contract and procurement management. Part 1 (PP1) of the Course Project focuses on the first section of the RFP and entails selecting one of the three RFP procurement cases listed under the PP1 section and using the PP1&2 - Course Project RFP template document in the Doc Sharing area to develop information to support section one of the RFP. Part 1 (PP2) of the Course Project entails completing the remaining sections of the RFP by developing a comprehensive document that could be submitted to a vendor. Part 3 (PP3) covers all of the TCOs but touches mainly upon textbook Chapters 9 through 12. You will be required to identify an opportunity throughhttps://Fbo.govand follow the instructions, which are located in the Doc Sharing section. This three-part project provides an overview of the processes and material that are used to develop a RFP as well as address relevant questions that could result from contract and procurement management. The points assigned to each part of the Course Project are listed below: Project Part I-Inventory Control System Design Project-8 Pages Project Part II-Inventory Control System Design Project-20 Pages Project Part III Final Project-Inventory Control System Design Project-13 Pages Quiz Week 3 Contract and Procurement – 100% Correct 1. (TCO A) What is the largest difference between a contract and a project? (Points : 6) 2. (TCO A) Which of the following common actions used by winning companies to build successful partnerships would involve strategic sourcing agreements, back-sourcing arrangements, joint-equity partnerships, preferred supplier agreements, and customer agreements? (Points : 6) 3. (TCO B) The managing expectation process model includes which of the following steps? (Points : 6) 4. (TCO A) What phase of the seller contract management process involves risk assessment tools, and what areas of risk would the tools address? (Points : 32) You Decide: The Award Phase Week 5 Contract and Procurement Keller Scenario Summary You are Chris and Pat Smith, entrepreneurs with five years of experience investing in small businesses. Eighteen months ago you decided to invest in a catering venture with two chefs, J. P. Martin and L. L. Miller, who have culinary science degrees and five years of work experience, which includes winning a prestigious prize in a gourmet food competition. Following some extended discussions, the four of you decided to set up a business catering to parties and weddings under the name of At Your Service…… You Decide: ZAP Pharmaceutical Company Week 6 Scenario Summary In this exercise, you play the role of Shawna, a project manager for ZAP Pharmaceutical Company. Currently, you are managing a large IT project in the healthcare industry for ZAP. Your project is to refurbish an existing office building, install the IT infrastructure, and outfit the area for use as a new telephone… Negotiation Exercise Contract and Procurement Week 7 One negotiation experience I had, was when years ago I had my condo unit renovated and was looking for a contractor to work on the renovation. I bought the condo unit when it was still at the pre-selling stage. When the unit became ready for occupancy two years later, I was in a hurry to move in so that I would no longer have…. Final Exam Contract and Procurement 37 TCO’s 100% Correct Keller 1. (TCO H) What is the maximum value of a verbal contract? (Points: 5) 2. (TCO H) Which value of a contract can remain verbal? (Points : 5) 3. (TCO D) Describe and explain simplified non-competitive approach to contracting. Describe and explain formal competitive approach to contracting. Compare and contrast these two types of approaches to contracting. (Points: 16) 4 (TCO E) List and describe briefly the three tools and techniques used for the bid/no-bid decision making. (Points : 16) 5 (TCO E) Describe the role of law in contracts. (Points: 18) 6 (TCO C) Which has more cost risk to the seller, a fixed price contract or a cost-reimbursable contract? Why? How might that risk be mitigated? (Points : 16) 7 (TCO G) One of the inputs to contract closeout is completion of work, what does it mean? (Points : 16) 8 (TCO G) What are the three ways that a contract can end? (Points: 16) 9 (TCO H) Why are the documented lessons learned important for the organization? (Points: 16) 10 (TCO A) Business professionals who manage contracts must be aware of the many types of contracting pricing arrangements available in order to choose the best type for each situation. What are the three general pricing categories? Explain each category and include an example of each. (Points: 20) 11 (TCO C) Describe qualitative vs. quantitative evaluation criteria. (Points: 20) 12 (TCO D) One of the best practices of the U.S government prime contractors supply chain is to conduct strategic sourcing and spend analysis. Why? (Points : 20) 13 (TCO D) Identify and explain the five essential elements of performance-based contracts (PBC). (Points: 20) 14 (TCO E) Name at least five critical supply chain challenges facing U.S. government prime contractors. (Points: 20) 15 (TCO F) Describe a memorandum of understanding and letter of intent. (Points: 20) 16 (TCO G) Summarize the five main sources of contracting risk, and briefly discuss how contracting is like exchanging one set of risks for another. (Points: 20) 17 (TCO H) Describe and explain the professionalizing phase in the evolution of a project management organization. Explain and defend why this phase is the most important of the process. Use examples to support your ideas (Points: 20). 18 (TCO B) Developing evaluation criteria for source selection require three prerequisites. Briefly describe these three prerequisites. (Points: 20) 19 (TCO D) What are two major types of authority applicable to a contract manager/project manager? Briefly explain each of these authorities. (Points: 16) 20 (TCO A) Describe three techniques that build trust and a lasting partnership. Give an example for each technique and how it would impact an organization. (Points: 18) 21 (TCO E) Describe and explain some of the tools and techniques that should be used in source selection. For example, is negotiation the only effective tool for source selection or are there others? (Points: 16) 22 (TCO C) Compare and contrast fixed price agreements with cost reimbursable agreements and with time and material agreements. Offer your opinion on which type of contract would best suit your organizational needs if you had to only select one type of agreement for all your suppliers and sub-contractors. (Points: 16) 23 (TCO F) What is source selection, and why is it important? (Points: 16) 24 (TCO H) One of the tools and techniques used in contract closeout or termination is compliance verification, briefly describe this tool. (Points: 16) 25 (TCO A) State and elaborate five actions to improve your use of contract incentives. (Points: 20) 26 (TCO E) It has been said that the side that does the most research and planning will often come out best in any negotiation? Do you agree with this statement? Do you disagree with this statement? Defend your position with examples and other information (Points: 20) 27 (TCO F) What is an indefinite delivery indefinite quantity (IDIQ)? (Points: 20) 28 (TCO G) Describe and compare and contrast the buyers and sellers post-award phase of the contract management process. Give an example for each step in the process for the buyer and for the seller. (Points: 20) 29 (TCO H) Describe and explain the awakening phase in the evolution of a project management organization. Explain and defend why this phase is the most important of the process. Use examples to support your ideas. (Points: 20) 30 (TCO B) What are the unique differences between cost plus incentive fee contracts and fixed price incentive contracts? (Points: 20) 31 (TCO F) What are some of the concerns with a time & material contract vehicle? (Points : 20) 32 (TCO F) Which is not part of the buyers award phase of the contract management process? (Points: 5) 33 (TCO A) Discuss and explain the purpose of an integrated supply chain. Why is it important? What impact does e-commerce have on an integrated supply chain? What impact does the Internet have on an integrated supply chain? (Points: 18) 34 (TCO B) Describe the sellers pre-award stage of the contract management process. Give an example of the activity that takes place in each step. (Points: 16) 35 (TCO C) Why are award fees and incentive fees important to government contractors? (Points: 16) 36 (TCO F) Why is determining who has authority an important activity in conducting a negotiation? (Points: 16) 37 (TCO G) There are many misconceptions regarding global contract management. Describe three such misconceptions, and describe the reality of actual global contracts. (Points: 16) Threaded Discussions Contract and Procurement-All 7 Weeks-All Students Posts-354 Pages Keller Threaded Discussions 1-Week 1-Overview of the Project Procurement-All Students Posts-25 Pages Threaded Discussions 2-Week 1-Buiding Trust-All Students Posts-23 Pages Threaded Discussions 1-Week 2-Contract Risk-All Students Posts-31 Pages Threaded Discussions 2-Week 2-Why Do We Need Contracts-All Students Posts-24Pages Threaded Discussions 1-Week 3-Bid vs. No Bid-All Students Posts-30 Pages Threaded Discussions 2-Week 3-Potential Conflict-All Students Posts-27 Pages Threaded Discussions 1-Week 4-Contract Pricing-All Students Posts-30 Pages Threaded Discussions 2-Week 4-Source Selection-All Students Posts-25 Pages Threaded Discussions 1-Week 5-Best Practices-All Students Posts-24 Pages Threaded Discussions 2-Week 5-Negotiating Case Study-All Students Posts-26 Pages Threaded Discussions 1-Week 6-Getting the Job Completed-All Students Posts-29 Pages Threaded Discussions 2-Week 6-World Class PMO-All Students Posts-28 Pages Threaded Discussions 1-Week 7-The Uniform Commercial Code-All Students Posts-30 Pages Threaded Discussions 2-Week 7-Future Negotiations-All Students Posts-27 Pages Discussions Week 1-7 Contract and Procurement All Students Posts-354 Pages Keller Discussions 1 Week 1 Overview of the Project Procurement-All Students Posts-25 Pages Discussions 2 Week 1 Building Trust-All Students Posts-23 Pages Discussions 1 Week 2 Contract Risk-All Students Posts-31 Pages Discussions 2 Week 2 Why Do We Need Contracts-All Students Posts-24Pages Discussions 1 Week 3 Bid vs. No Bid-All Students Posts-30 Pages Discussions 2 Week 3 Potential Conflict-All Students Posts-27 Pages Discussions 1 Week 4 Contract Pricing-All Students Posts-30 Pages Discussions 2 Week 4 Source Selection-All Students Posts-25 Pages Discussions 1 Week 5 Best Practices-All Students Posts-24 Pages Discussions 2 Week 5 Negotiating Case Study-All Students Posts-26 Pages Discussions 1 Week 6 Getting the Job Completed-All Students Posts-29 Pages Discussions 2 Week 6 World Class PMO-All Students Posts-28 Pages Discussions 1 Week 7 The Uniform Commercial Code-All Students Posts-30 Pages Discussions 2 Week 7 Future Negotiations-All Students Posts-27 Pages
Posted on: Fri, 15 Aug 2014 23:15:44 +0000
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