Podcast
Questions and Answers
What type of contract implies the highest level of risk for the purchasing company?
What type of contract implies the highest level of risk for the purchasing company?
- Cost-reimbursement contract (correct)
- Fixed-price contract
- Hybrid contract
- Modified fixed-price contract
When is the system design and building phase necessary in the purchasing methodology?
When is the system design and building phase necessary in the purchasing methodology?
- During the contract negotiation phase
- When modifications are to be made to the package (correct)
- During the construction phase
- During the definition phase
Why is it beneficial to use an attorney during contract negotiations?
Why is it beneficial to use an attorney during contract negotiations?
- To reduce the likelihood of future legal problems (correct)
- To lengthen the contract negotiation phase
- To increase the risk of future legal problems
- To increase the cost of the purchasing process
What is a characteristic of a fixed-price contract?
What is a characteristic of a fixed-price contract?
What is an example of a contract type that includes additional charges for changes?
What is an example of a contract type that includes additional charges for changes?
What is the primary purpose of a Request for Proposal (RFP) document?
What is the primary purpose of a Request for Proposal (RFP) document?
In which phase of the purchasing methodology is contract negotiation typically involved?
In which phase of the purchasing methodology is contract negotiation typically involved?
What is the primary objective of the definition phase in the purchasing methodology?
What is the primary objective of the definition phase in the purchasing methodology?
During the definition phase, what is the primary goal of the project team?
During the definition phase, what is the primary goal of the project team?
What is one way to address discrepancies between the available packages and the company's needs?
What is one way to address discrepancies between the available packages and the company's needs?
What is the purpose of obtaining references from users of the software package in other companies?
What is the purpose of obtaining references from users of the software package in other companies?
What is one of the general criteria used to evaluate proposals from vendors?
What is one of the general criteria used to evaluate proposals from vendors?
What is a disadvantage of having the vendor handle maintenance in the implementation phase?
What is a disadvantage of having the vendor handle maintenance in the implementation phase?
What is essential for short-term success in the implementation phase?
What is essential for short-term success in the implementation phase?
Who is typically responsible for managing the project team in purchasing package implementation?
Who is typically responsible for managing the project team in purchasing package implementation?
What is an advantage of having the vendor handle maintenance in the implementation phase?
What is an advantage of having the vendor handle maintenance in the implementation phase?
What is a common challenge in the implementation phase of purchasing packages?
What is a common challenge in the implementation phase of purchasing packages?
Who may be included in the project team for purchasing packages?
Who may be included in the project team for purchasing packages?
