CPPB - Domain 1 Procurement Administration questions with correct answers

Good performance measures need to be meaningful for all participants including: - Correct Answer-Procurement professionals, clients and suppliers Good performance measures need to be stated in terms of the higher-level objectives of the central procurement office or else they will lose: - Correct Answer-their impact Good performance measures need to be: - Correct Answer-fair, easy to collect, consistent and objective Performance measure activities must be measured against a metric. Metrics include: - Correct Answer-Inputs, outputs, outcomes, efficiency measures and effectiveness measures Inputs: - Correct Answer-Measure resources used. They include labor, materials, equipment and supplies. Demand for services may also be considered Outputs: - Correct Answer-Record activity or effort that can be expressed in a quantitative or qualitative manner. Consider: total number of new contracts, total number of employees who obtained professional certification, total spend. Cycletime - Correct Answer-Time to produce