Procurement is the act of - Study guides, Class notes & Summaries

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule....

APM - PFQ (PFQ) Practice Tests/ APM PFQ Exam Questions & Answers Test Bank_2023. Which of the following is not a stage in an issue resolution process? a. Share the issue with stakeholders. b. Track the issue to closure. c. Escalate to the sponsor. d. Apply change control. Which of the following are challenges for a project manager developing and leading a project team? 1) Issues and incompatibility amongst team members 2) Getting the right skills and attributes amongst team me...

CLM 023 Ability One Questions and Answers 100% Solved (JWOD) Act requires the Government to purchase supplies or services that the Commission determines are suitable to be added to the Procurement List (PL), at a Fair Market Price (FMP), from AbilityOne-participating nonprofit agencies, if they are available within the time period required. The supply or service must be on the PL prior to purchase. The Javits-Wagner-O'Day The U.S. AbilityOne Commission is an independent federal agency authori...

Differentiation the most appropriate evaluation method for small purchases and complex purchases - Answer- Price Analysis - simple purchase Vaule analysis - more complex Recall the main goals of Open Range - Answer- Remove obstacles Promote leading practice Encourage collaboration Who has the authority to add products/services to the procurement schedule? - Answer- The state use committee Name one way a product can be considered for procurement schedule? - Answer- Vendor request, ag...

Project Management Exam Questions and Answers Project - ANSWER A temporary endeavor undertaken to create a unique product service or result Management - ANSWER Act ot coordinating the efforts of people to accomplish desired goals and objectives using available resources (eg. Money, workers, equipment, manpower) Includes: -Identifying requirements -Establishing clear and achievable objectives -Balancing the competing demands for quality, scope time and cost -...

Question:- On the 01st of February 2022, Ms Mavis Dube (Ms Dube) was appointed to the position of Procurement Manager at Itsoseng Local Municipality in Northwest Province of South Africa following the resignation of his predecessor Mr Bethuel Nkomo (Mr Nkomo). Two (2) months after her appointment, Ms Dube begun to review all tenders awarded by the Itsoseng Local Municipality to service providers during Mr Nkomo’s tenure. Upon reviewing those tenders, she noticed that the Municipality has...

Fiscal Law Final Exam - Questions and Answers QUESTION 1 1. It is appropriate for the Army to acquire lawn cutting services through the Project Order Statute. True False QUESTION 2 1. The proper amount of money to obligate at the award of a firm fixedprice contract is: The full amount of the contract. Nothing until the contractor performs the required work. Half of the total liability. A conservative amount based on the government’s estimated future requirements. QUESTION 3 1. How long does t...

NIGP CPP Test Questions with Correct Answers You are leading the procurement for a new enterprise resource planning IT system that will be deployed across the entity. Proposers likely will use various subcontractors for integration, project management, and training. The users have expressed concern about financial viability of the successful contractor; the entity does not have the financial resources to mitigate risk from a default. What requirement would best protect the entity? - Answer-L...

CBIS Practice Test fully solved 2023/2024 "Surveillance" is defined as - correct answer Ongoing and systematic collection, analysis and interpretation of data used to describe and monitor a health event An Open Head Injury occurs when the skull is broken and the brain is exposed- true or false - correct answer True An Acquired Brain Injury is an injury that - correct answer occurs after birth and is not hereditary or congenital, and includes TBI Men sustain brain injury nearly 2-3 ti...

What is Procurement? - ANSWER Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Quality, Cost, Added Value What is Purchasing? - ANSWER Is the ACT of physically ordering and buying something. What is Supply? - ANSWER Is the INFRASTRUCTURE which ensures that products and services get from supplier to the customer.