MGMT 404 Week 7 Quiz

1. Question: Information is a key ingredient at each stage of the project supply chain, as well as within each phase of supply chain decision making. 2. Question: The evaluation criteria that were developed during procurement planning to define how the team will evaluate and rank proposals should guide them in the vendor evaluation and selection process. 3. Question: Self-directed teams on agile projects are largely empowered to decide what work to do and when to do it, consistent with the prioritizing of deliverables by the product owner. 4. Question: When reporting performance to sponsors and management, it is often helpful to organize the information in terms of three time horizons: past, current and future. 5. Question: All of the following accurately describe the features and characteristics of a contract EXCEPT: 6. Question: Some organizations rely upon a formal group authorized and responsible for reviewing, evaluating, approving, delaying, or rejecting any changes to any aspect of the project plan by following a formal communication method of documenting the decision process. This group is typically known as 7. Question: Two types of control are used extensively on projects and both compare actual performance against the plan: steering control and go/no go control. 8. Question: In many cases, the proposal prepared by the vendor becomes a part of the final contract. 9. Question: Supply chain operations require managerial processes that span across functional areas within individual organizations, and link trading partners and customers across organizational boundaries. 10. Question: Change control is a process wherein change proposals to various project planning elements are: