W] Screenshot (70)-converted [Compatibility Mode] - Word (Product Activation Failed) O ? X FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW Bharat Sharma Breaks Indent Spacing Align Line Numbers Left: 0" = = Before: 0 pt LEi Group Margins Orientation Size Columns Position Wrap Bring Send Selection be Hyphenation Er Right: 0" *After: Opt Text * Forward * Backward Pane Rotate Page Setup Paragraph Arrange As a procurement control officer, Aby feels that using Payback period is one of the Tools & Techniques of Praveen is working as a procurement manager on a the Time and Material will be the best for her project. procurement planning. This analysis will help Juan, the project. The project is to furnish the meeting hall at an international event in Ottawa. She has called you to Time and Material contract type has many advantages, procurement manager: discuss the nature of procurement contract. What will but these do not include: be your recommendation? Select one: Select one: O a. understand the speed with which the Select one: O a. It is linked to productivity or work done investment will be earned back by the project O a. Cost Plus Incentive Fee Contracts (CPIF), O b. It is the most common type of contract O b. calculate the Internal Rate of Return. O b. Cost Plus Award Fee Contracts (CPAF) O c. The payment can be hourly/ daily/ weekly/ O c. calculate the Net Present Value O c. Cost Pus Fixed Fee Contracts (CPFF), yearly O d. decide which vendor to select O d. Contract Type does not matter O d. The payment is based on time elapsed on work location Shilpa has been appointed as the Procurement Yaswanth, the procurement manager, has called you to The project procurement associate, Oliyeva, wants to Manager on a project. Shilpa is a certified PMP. Which discuss the nature of procurement contract. It is a software development project to build a new internet use Time and Material contract type for her of the following should be her first step? procurement of human resources for the project. The banking interface. Many of the product requirements are not clear at this point and are evolving. What will Time and Material contract type is god for many Select one: reasons, except for: be your recommendation? O a. Make a Procurement Management Plan O b. Ask the engineers, what needs to be procured Select one: Select one: O c. Contact Vendors and Suppliers O a. when a precise statement of work is O a. Time and Material Contracts prescribed O d. Create an RFP document O b. Contract Type does not matter O b. staff augmentation O c. Cost Reimbursable Contracts O c. outside support O d. Fixed Price Contract Activate Windows O d. acquisition of experts Go to Settings to activate Windows. PAGE: 2 PAGE 2 OF 15 0 WORDS + 100% 10:21 PM O Type here to search A & X ( 20-Feb-22