Exercises


1. Briefly discuss the importance of project procurement management.
(Answer: see Lecture 25, section25.1)
2. Discuss some of the risks and rewards associated with IT Procurement Outsourcing.
(Answer: see Lecture 25, section25.2)
3. List the main processes involved in project procurement management .
(Answer: see Lecture 25, section25.3)
4. Identify the main costs to be considered in the Make-or-Buy Analysis .
(Answer: see Lecture 25, section25.4)
5. List and briefly define the different types of contracts used for planning purchases and acquisitions.
(Answer: see Lecture 25, section25.4)
6. Outline details that should be included in the project procurement plan .
(Answer: see Lecture 25, section25.4)
7. Discuss how the contract statement of work aid sellers to make informed decisions regarding their ability to handle the required work making.
(Answer: see Lecture 25, section25.4)
8. Determine the essential factors affecting the Make-or-Buy decision .
(Answer: see Lecture 25, section25.4)