A: 3PL stands for Third Party Logistics and is a service offered for specialized logistics. Q: You sent your shipment to your international customer in exchange for a purchase contract and the. Which of the following outputs are from Direct and Manage ProjectExecution?A. Work Performance InformationB. Service DescriptionC. Preliminary scope stated. Contract All contracts must be concluded, regardless of the circumstances in which they cease, are terminated or concluded. The closure brings added value to the fulfillment organization and the customer and should not be eliminated under any circumstances. You will see situational questions in the review that ask if the project is complete. The audit also questions the difference between the administrative conclusion and the conclusion of a contract.
Q: Ten participants in a contest are ranked by two judges as follows X 1 6 5 10 3 2 4 9 7 8 Y 6 4. Exercise Describe the work that must be done during the conclusion of the contract. Which of the following points is NOT part of the contract conclusion process?A. Obtain formal acceptance of all the results of all parties involvedB. An audit to verify that all legal obligations have been complied withC. Make sure all invoices have been paid. Write lessons learned A: Here are the five ways another team can work better because of diversity. A: The process of gathering knowledge about a demand within an industry is called market research. Y. The conclusion of the contract requires more records and must be more formal than is generally necessary for the conclusion of the administration in order to guarantee the protection of the legal interests of both parties. Think about it for the exam! A: Third Party Logistics Providers: This applies to logistics and distribution channels.
A: Product development is a very important process for companies, so the maximum return can be achieved. Q: Discuss the conditions under which a buyer might prefer a third party to organize and proceed. Which of the following are valid for breaking down work in a WBS?A. As a measure of risk or quality. By product characteristic or WorC unit. By project phase or project outcomeD. By fee code or initial estimate Now that you know a lot about procurement, test your knowledge by filling out the table below. Note the word “ACTIONS.” For the exam, you need to know, among other things, what to do at each stage and what the results are. The contract should contain provisions to stop the work before it is completed.
Termination may be for cause or for convenience. The buyer may terminate a contract for cause if the seller violates the contract (e.B does not provide). The buyer can also terminate the contract because he no longer wants to do the work (termination for convenience). It is rare to allow the seller to terminate a contract, but it may be suitable for some projects. Exercise 1 Recreate the procurement management process, including expenses, in the following form. Review your answers to the content of this lesson when you are finished. Even with a reading of this course, you should get most of the promotions and expenses correctly. The second and third time you read the lesson, you should be almost 100% accurate. This exercise is about remembering important parts of procurement management, not memorizing. Create the chart three times and you should know it well enough for the exam.
Here`s a trick to understand the process without memorizing the whole thing – just know the expenses! If a question describes an activity and that activity occurs after the quote is created and before the contract is signed, it must take place in the context of selected sellers. If it takes place after the signing of the contract, but before the work is essentially completed, it must be carried out during the management of the contract. Exercise 2 Here is another exercise. You need to understand the role of the project manager in contracts to pass the exam. After reading this lesson, how would you describe the role of the project manager? Answer 2 F: One of the benefits often mentioned by external logistics service providers is their ability to grant access. Q: What stage of the generic development process involves the design and evaluation of several preparations. Once completed, the project is automatically added to the completion process group. This process consists of terminating all the loose purposes of the contract. Be prepared to answer a maximum of six questions on this topic.
Entering into the contract is part of the narrow project process described in the Integration section. Be sure to re-read this part of the Integration chapter while reading this section. Q: International Soup Company is considering replacing a storage machine. The old machine is dilapidated. A: Organizational procurement is usually a group decision based on the wishes of the majority of b. Q: As the auditor of South32 Limited`s 2020 financial statements, there is r. . . .