Conduct procurements Study guides, Class notes & Summaries

CON 170 Fundamentals of Cost and Price Analysis MIDTERM EXAM_2023. 1. Which of the following statements most closely summarizes government pricing objectives? b. Acquire goods and services from responsible sources at fair and reasonable prices. 2. As a contract specialist, you should be aware that: a) Different sellers in the same market may have different pricing objectives and approaches. b) Sellers in different markets often have different approaches to contract pricing. c) A single fir...

PMP EXAM PREP SYMPLIFIED A Comprehensive Study Guide to Ace the PMP Exam with Practice Questions, Detailed Answers, Insightful Rationale, and Exam Strategies for Success CONTENTS Chapter 1 Introduction About the PMP Exam Exam Preparation Strategy Exam Taking Tips Chapter 2 Basics of Project Management Definition and Characteristics of a Project Project Life Cycle and Project Management Processes The Role of the Project Manager ...

Wide Area Workflow (WAWF) is a paperless contracting DoD-wide application designed to eliminate paper from the receipts and acceptance process of the DoD Contracting lifecycle. The goal is to enable authorized Defense contractors and DoD personnel the ability to create invoices and receiving reports and access contract related documents. . True . False - ANSWER-. True When assessing a contractor's performance, a COR may monitor in all of the following ways EXCEPT: . Review Progress Re...

CAPM Practice Test 100 Questions with Verified Answers When is the Plan Risk Management process performed in a project? - CORRECT ANSWER Once or at predefined points in a project. Understanding, evaluating, defining, and managing requirements are essential to satisfying: - CORRECT ANSWER Customer satisfaction Projects are undertaken to fulfill objectives by: - CORRECT ANSWER Producing deliverables Which of the following is an input to the sequence activities process? A. Cost baselin...

A project charter that formally authorized a project was created. The project charter documented the initial requirements to satisfy stakeholders' needs and expectations. How often should the project charter be revised? - Answer-Never Which of the following roles in a project is most likely to be involved in negotiations on procurements during the Conduct Procurements phase? - Answer-Procurement administrator (pg 380) Lucy has to brief her key project stakeholders on the recent approved c...

Small businesses operate in an environment that includes a variety of entities, each with its own interests and influence on small business participation in Government acquisition - Congress generates the legislation that impacts acquisition regulations and policy. Since the Depression of the 1930s, when Congress first enacted legislation to help businesses recover from financial difficulties, Congress has enacted a number of laws; such as the Budget Control Act of 2010 and an annual National...

"We need more and better training, no question about it. But more and better training is not enough. We need each and every acquisition professional to make a personal commitment to self-education and self-development. We need for them to take the FAR home in the evening and on weekends and read it. We need for them to read books like Formation of Government Contracts and Administration of Government Contracts and other pertinent books, like Decision Analysis for Management Judgment. We need fo...

Acquire Project Team - ️️<Process>. The process of confirming human resource availability and obtaining the team necessary to complete project assignments. Administer Procurements - ️️<Process>. The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as needed. Close Procurements - ️️<Process>. The process of completing each project procurement. Closing Process - ️️<Process Group>. Tho...

CAPM PRACTICE EXAM 3|197 Questions with Verified Answers "QUESTION NO: 1 Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team...

Acquire Project Team Correct Answer-<Process>. The process of confirming human resource availability and obtaining the team necessary to complete project assignments. Administer Procurements Correct Answer-<Process>. The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as needed. Close Procurements Correct Answer-<Process>. The process of completing each project procurement. Closing Process Correct Answe...