Exam (elaborations)
APMP Foundation Exam with complete solutions 2024_2025
- Course
- Institution
APMP Foundation Exam with complete solutions 2024_2025
[Show more]
Content preview
APMP Foundation Exam with completesolutions 2024/2025
During the opportunity planning phase before the kick off meeting - ANSWER-
When should the first draft of the executive summary be written?
Opportunity/Capture Manager or salesperson who has an established
relationship with the customer - ANSWER-Who is typically responsible for writing
the executive summary?
The customer's nontechnical, senior-level decisionmakers - ANSWER-Who
should the executive summary be aimed towards?
The highest level person possible - ANSWER-Who typically reviews/approves the
executive summary draft?
Process for analyzing competitor and customer data to identify how to package
and price a winning offer to a customer - ANSWER-Price-to-Win
Early in the opportunity stage - ANSWER-When should the price to win process
begin?
Independent, comprehensive competitive analysis research - ANSWER-What is
price to win based on?
Total range of expenses the offeror expects to spend to deliver the requirements -
ANSWER-Price to win cost
,Monetary payment for the offeror to deliver the requirements - ANSWER-Price to
win price
Custom built spreadsheets - ANSWER-What are the most useful tools for price to
win analyses?
Uses customer's historical award and budget information to predict where they
will likely make awards and where competitors tend to receive them - ANSWER-
Top-down analysis
Develops pricing based on detailed evaluations of the competitor solution's cost
and identified strategies - ANSWER-Bottom-up analysis
Early in the opportunity process before the RFP is released - ANSWER-When
should top-down analyses be conducted?
As soon as final customer requirements and evaluation processes are known;
refined further once final RFP is released - ANSWER-When should bottom-up
analyses be conducted?
People, especially those in your own organization - ANSWER-What are the best
intelligence sources for obtaining customer intelligence in the PTW process?
It helps establish what your competitors' bid and actual award prices would be
based on prior similar contracts - ANSWER-Why is competitive analysis vital to
determining a PTW range?
- Your historical cost data
- Your competitive position
- Your pricing differentiators
- Your internal risk (top 2 or 3 areas) - ANSWER-What information should be
researched for consideration in the PTW?
Value to the customer--the benefits customers will gain for the price they pay -
ANSWER-What should pricing be focused on?
, Remove nonessential features that add to the cost without adding equal value -
ANSWER-How should pricing be written in the PTW for budget-limited
customers?
Compliance = meeting requirements stated in the solicitation
Responsiveness = addressing customer goals/concerns/issues/values not
addressed in the solicitation - ANSWER-Compliance vs Responsiveness
Prior to RFP release, early in the business development process and continually
through - ANSWER-When should you begin collecting customer intelligence to
cultivate responsiveness?
They identify where in a proposal you have addressed the solicitation
requirements - ANSWER-Why are response matrices important to submit with a
proposal?
Customer benefits before solution features; features are only effective if they
offer a true benefit to the customer - ANSWER-Does an effective proposal present
customer benefits before solution features or solution features before customer
benefits?
Sales/opportunity planning - ANSWER-What part of the proposal process does
customer and competitive intelligence gathering take place?
The sales/opportunity planning team - ANSWER-Who is responsible for gathering
customer and competitive intelligence?
In the cover letter or first-page introduction - ANSWER-Where should the
executive summary go if customer instructions do not allow for one?
Tool to verbalize your win strategies in a way that helps your team understand
how the bid will succeed - ANSWER-Strategy statement
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tuition. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now