Procurement is one of the most important activities a project manager can undertake. Plan procurement outputs include: (select one correct answer) Statement of work Procurement documents Source selection criteria Procurement management plan All of the possible answers
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- Explain the importance of stakeholder involvement in requirement analysis and its impact on project success.The project management knowledge area focused on determining whether supplies should made or purchased, requesting vendors bids, administering vendors contracts, and monitoring vendors performance on the project is referred to as: O a. Procurement Management O b. Vendor Management O c. Cost Management O d. Supply Chain Management OAlex owns a shop that sells customized BMX bikes. Each one is uniquely tailored to the rider. The products are unique one-offs, made by an outsourced company to individual designs agreed between Alex and a designer from the outsourced company. In WEEK 26, Alex discusses with the manufacturer a design for a new bike. Alex and the manufacturer agree on a specification and an order is placed with the manufacturer. A. Calculate how long it will take before the BMX bike is available for sale in Alex's shop. That is, what is the Lead-Time between Alex placing order with her manufacturer and being able to display the item for sale in her shop? The information you need to calculate the Lead-Time is as follows: To design the bike 2 weeks To raise the order for the parts for the bike 1week To manufacture and deliver all the parts of the bike 4 weeks To assemble the bike 2 weeks To deliver the finished product to Alex’s shop 1 week B. What will be the week number when the Bike can be…
- Prepare a scope statement for developing an operations management laboratory. The laboratory will have physical cum computer simulations for operations management problems in which students can participate to get a close-to-real world experience operations management environment. Which should include -project justification -product characteristics and requirements -product user acceptance criteria -project management related deliverables -product related deliverablesExplain the circumstances in which needs analysis survey can be carried out with the aim of identifying projects which can be implemented through public private partnership model.You are the proposal manager for an opportunity to design and build a new assembly line for the production of artificial heart valves. A required equipment item is a 3-D X-ray inspection system. You have discussed purchase of the equipment with management, and their preference is to purchase the item as the assembly line is nearing completion (potentially up to 6 months away). You can use a rough estimate for the bid but would like to know the cost range you could anticipate in order to quantify project risk. The current price of the system is $75,500.00, and the current cost for installation is 15% of the purchase price. Price could vary by as much as +/- 10%, and installation may vary by +/- 5%, although the prices have not varied by that much in the past 6 months.…
- Tulu’s company has introduced a new line of products. She has been tasked to develop a new training programme to teach trainees about price guarantees, discounts and latitude on pricing for the new line that they have to sell. This scenario BEST describes which ONE of the following training programme topics that she will be developing? A. Product and service knowledge B. Employee handling skills C. The organisation and its procedure knowledge D. Customer and market knowledgeable1) Pre-tender planning: a. Selection of site b. Estimate and evaluate predicted risks in the project. c. Pool the companies past experiences knowledge and specialists. d. None of the above 2) Project Consultant is responsible for: a. Site preparation b. Supervises and coordinates the work in the project c. Writing Claims d. None of the above 3) The estimated time required to perform an activity, is known as: a. Total float time. b. Independent float time. c. Free float time d. None of the above 4) Organizing of a project is: a. Arrangement of resources b. Directing of workers c. A controlling system d. None of the above 5) Project manager a. Must have a signed contract b. Can start before having a signed contract c. Not responsible for this d. all of the above 2 6) The total estimated cost required to perform a project , is known as a. Budget b. Fund c. Cash flow d. All the above 7) Subcontractor may be : a. Electrical contractor b. Specialist contractor c. Painter d. all of the above…hat are the type of training and development for (PCNs, TCNs and HCNs) in the coca cola company ?
- write short notes on the followingSroufe Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed costs are $50,000 for proposal A and $70,000 for proposal B. The variable cost is $14.00 for A and $11.00 for B. The revenue generated by each unit is $20.00. a) The break-even point in units for the proposal by Vendor A =units (round your response to the nearest whole number). b) The break-even point in units for the proposal by Vendor B =units (round your response to the nearest whole number).How may the project team that recommends an ERP design strategy defend its selection in comparison to alternative design strategies?