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https://drive.google.com/file/d/1-CSuWeV3NSZ05oeQy4EqUeUg008p_iIv/view?usp=sharing

QUESTIONS

Basic information necessary to answer the question can be found in the respective texts.

Homework 01:

Question 01a: Who are the participants in the procurement process and what are their roles and responsibilities?

Homework 02:

Question 02a: Compare and contrast the risks and timing of Major Complexity Procurements and Commercial-off-the-Shelf procurements.

Homework 03:

Question 03a: Discuss the elements of the Make or Buy decision (i.e., may make, may buy) and how they are impacted by issue of Full Funding of Procurements.

Homework 04:

Question 04a: Explain the difference between a partnership, strategic alliance, joint venture, and when and how a teaming agreement may be used and why.

Homework 05:

Question 05a: During the project procurement process, which is of greatest importance to address: Technical & Quality Risks, Schedule Risks or Cost Risks and why?

Homework 06:

Question 06a: Identify and define the advantages and disadvantages to both parties to a fixed price contract and a cost reimbursement contract.

Homework 07:

Question 07a: Why is it necessary/advantageous to have a separate procurement management plan from that of the project management plan?

Homework 08:

Question 08a: What is the difference between a contract scope of work (SOW) and a project work breakdown structure (WBS)? Which elements are common/disparate to each?

Homework 09:

Question 09a: Should a procurement manager have an understanding of contract law, or should that be left to corporate attorneys? Why or why not?

Homework 10:

Question 10: Explain sole sourcing and why it may be necessary and/or advantageous to limit competition. What are the risks to the procurement process?

Homework 11:

Question 11: What are the ethical considerations surrounding project procurement, and what systems can be put in place to minimize the possibility of ethical lapses within the process?

Homework 12:

Question 12: Is earned value management a procurement management or project management tool? Explain your answer.

Homework 13:

Question Q13: Identify and define the three situations in which a contractual relationship may be ended early and what are the ramifications of each for either party to the contract?

Homework 14:

Question 14: Which of the three generic types of procurements would you rather manage and why?