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Which of the following elements should be included in the business case?
A CPO is making a business case for acquiring a new computer system. He has set out objective, generated options, cost and benefit of each option and implementation plan. Which of the following elements should be included in the business case?A . Risk assessmentB . Operation managementC . Invitation to...
Which of the following problems may be identified as open-ended problems? Select TWO that apply:
Which of the following problems may be identified as open-ended problems? Select TWO that apply:A . Shortage of key medicines in healthcare industryB . A cyber attack takes down whole company’s IT systemC . Engine failures cause flight cancellations.D . Logistics costs incur a large portion in wholesale pricesE ....
What is the document that defines the activities, deliverables and timelines a supplier must carry out during contract performance?
What is the document that defines the activities, deliverables and timelines a supplier must carry out during contract performance?A . Statement of workB . Project initial documentC . Framework agreementD . Work instructionView AnswerAnswer: A Explanation: Statement of Work (SoW) is the document that captures and defines all aspects of...
When procuring an IT equipment, at which stage the buyer’s expectations are translated into a technical specification?
When procuring an IT equipment, at which stage the buyer’s expectations are translated into a technical specification?A . InstallationB . DesignC . In-service supportD . Customer supportView AnswerAnswer: B Explanation: IT equipment is typically linked with through-life contracts. This type of contract not only deal with the specification and the...
How many products does the company have to sell to achieve break-even point?
Company A sells a product for $100. The total unit variable costs are $60. Fixed costs as in its ac-count are $20,000. How many products does the company have to sell to achieve break-even point?A . 600B . 550C . 400D . 500View AnswerAnswer: D Explanation: Break even point =...
How many products does the company have to sell to achieve break-even point?
Company A sells a product for $100. The total unit variable costs are $60. Fixed costs as in its ac-count are $20,000. How many products does the company have to sell to achieve break-even point?A . 600B . 550C . 400D . 500View AnswerAnswer: D Explanation: Break even point =...
Which of the following might be consequences of over-specification? Select TWO that apply:
Which of the following might be consequences of over-specification? Select TWO that apply:A . Reducing motion wasteB . Higher cost due to inessential featuresC . Limiting competition in supply marketD . Lack of essential featuresE . Better contract managementView AnswerAnswer: B, D Explanation: Over-specification can cause problems to buying organisation,...
Which of the following is the structured approach for defining customer requirements and translating them into technical specification?
Which of the following is the structured approach for defining customer requirements and translating them into technical specification?A . Kano modelB . Thomas-Kilmann modelC . Quality function deploymentD . Mendelow's matrixView AnswerAnswer: C Explanation: Quality function deployment (QFD) is a method to transform qualitative user demands into quantitative parameters, to...
At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?
At which stage of through-life contract management, procurement team needs to identify sources of risk and the ways to mitigate them?A . Specification stageB . Supplier relationship stageC . Tendering stageD . Contracting stageView AnswerAnswer: B Explanation: Risk management has become incredibly complex, especially for capital purchase which requires through-life...
This saving is known as...?
A charity is reviewing their spend and budget after an operation in flooded areas. They realise that the operators save money against the budgeting plan. This saving is known as...?A . Negative budgetB . Positive varianceC . Negative varianceD . Positive budgetView AnswerAnswer: C Explanation: The difference between the actual...
