Chap 12.prm

IT professionals generally use the term ____ rather than procurement.

• Purchasing
• Outsourcing
• obtaining
• absorbing

The U.S. market for IT outsourcing was projected to pass $110 ____ by 2003.

• Thousand
• Million
• Billion
• trillion

There are ____ central processes of project procurement management.

In ___, one must decide what to outsource, determine the type of contract, and create a statement of work.

• Procurement planning
• Solicitation planning
• source selection
• solicitation

An RFP is often issued at the end of the ____ process.

• Procurement plannin
• Solicitation planning
• source selection
• solicitation

____ involves managing the relationship with the supplier.

• Source selection
• Solicitation
• contract administration
• Contract close-out

____ involves obtaining quotations, bids, offers, or proposals as needed.

• Source selection
• Solicitation
• contract administration
• Contract close-out

A ____ decision is one in which an organization decides if it is in their best interests to produce certain products or services themselves, or if they should purchase them from an outside organization.

• Make-or-buy
• Sink-or-swim
• give-and-take
• back-and-forth

The key output of ____ is the awarding of the contract.

• Contract administration
• Solicitation
• contract close-out
• Source selection

At the end of ____, there is a formal acceptance and closure of the contract.

• Contract administration
• Solicitation
• contract close-out
• Source selection