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1. (TCO H) What is the maximum value of a verbal contract? (Points
: 5)
$100
$200
$300
400
500
$200
$300
400
500
2. (TCO F) Which is not part of the award phase of the contract
management process? (Points : 5)
Source selection
Contract negotiation
Contract formation
Contract administration
All of the above
Contract negotiation
Contract formation
Contract administration
All of the above
3. (TCO D) What are two
major types of authority applicable to a contract manager/project manager?
Briefly explain each of these authorities. (Points : 16)
4. TCO A) Describe three
techniques that build trust and a lasting partnership. Give an example for each
technique and how it would impact an organization. (Points : 18)
5. (TCO B) Describe the
seller's pre-award stage of the contract management process. Give an example of
the activity that takes place in each step. (Points : 16)
6. ((TCO E) Describe and
explain some of the tools and techniques that should be used in source
selection. For example, is negotiation the only effective tool for source
selection or are there others?
a .Contract negotiation, weighing systems, screening systems, and independent estimates are all manners to select appropriate sources. Regardless of the source required, there should be a process to screen suppliers in a way to empirically select a source. This reduces personal bias and other factors from the process. Page 146 (Points : 16)
a .Contract negotiation, weighing systems, screening systems, and independent estimates are all manners to select appropriate sources. Regardless of the source required, there should be a process to screen suppliers in a way to empirically select a source. This reduces personal bias and other factors from the process. Page 146 (Points : 16)
Page 2
1. (TCO C) Compare and contrast fixed price agreements with cost reimbursable agreements and with time and material agreements. Offer your opinion on which type of contract would best suit your organizational needs if you had to only select one type of agreement for all your suppliers and sub-contractors. (Points : 16)
1. (TCO C) Compare and contrast fixed price agreements with cost reimbursable agreements and with time and material agreements. Offer your opinion on which type of contract would best suit your organizational needs if you had to only select one type of agreement for all your suppliers and sub-contractors. (Points : 16)
2. (TCO F) What is source
selection, and why is it important?(Points : 16)
3. TCO G) There are many
misconceptions regarding global contract management. Describe three such
misconceptions, and describe the reality of actual global
contracts. (Points : 16)
4. (TCO H) One of the tools
and techniques used in contract closeout or termination is compliance
verification, briefly describe this tool. (Points : 16)
5. (TCO A) State and
elaborate five actions to improve your use of contract incentives. (Points
: 20)
6. (TCO C) Describe
qualitative vs. quantitative evaluation criteria. (Points : 20)
Page 3
1. (TCO D) Performance-based
contracts (PBC) contain five essential elements. (Points : 20)
2. (TCO E) It has been said
that the side that does the most research and planning will often come out best
in any negotiation? Do you agree with this statement? Do you disagree with this
statement? Defend your position with examples and other information (Points
: 20)
3. 3. (TCO F) What is
an indefinite delivery indefinite quantity (IDIQ)? (Points : 20)
4. 4. TCO G) Describe
and compare and contrast the buyer's and seller's post-award phase of the
contract management process. Give an example for each step in the process for
the buyer and for the seller. (Points : 20)
5. 5. (TCO H) Describe
and explain the awakening phase in the evolution of a project management
organization. Explain and defend why this phase is the most important of the
process. Use examples to support your ideas. (Points : 20)
6. 6. (TCO B) What are
the unique differences between cost plus incentive fee contracts and fixed
price incentive contracts?(Points : 20)
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