CSM Forum Banner

Oliver 175 - 43rd Question

jyotimayank
Expert
Expert
Posts: 504
Joined: Mon Mar 09, 2015 6:01 am

Oliver 175 - 43rd Question

Postby jyotimayank Fri Dec 23, 2016 12:07 pm

Question 43
While applying procurement management processes in your project, you identified the need to gain a more objective understanding of sellers’ capabilities in order to rank proposals and develop a negotiating sequence.

Which technique may help avoid bias and subjective decisions best?
A. Bidder conference
B. Weighting system
C. Oral contract
D. Letter of intent
Jyoti Gupta
PMP Mentor & Coach

iZenbridge Consultancy Pvt Ltd
vikram_unde
Contributor
Contributor
Posts: 185
Joined: Tue Aug 23, 2016 5:48 am

Re: Oliver 175 - 43rd Question

Postby vikram_unde Fri Dec 23, 2016 1:18 pm

B. Weighting system
Housam Bassal
Contributor
Contributor
Posts: 239
Joined: Fri Nov 04, 2016 7:38 pm

Re: Oliver 175 - 43rd Question

Postby Housam Bassal Fri Dec 23, 2016 5:23 pm

a weighting system can be used to: (P:373)
- Select a single seller that will be asked to sign a standard contract; and
- Establish a negotiating sequence by ranking all proposals by the weighted evaluation scores assigned to each proposal.


The correct answer is B
Housam Bassal
Ecuador - Quito
LinkedIn: https://www.linkedin.com/in/housam-bassal-49984357
jyotimayank
Expert
Expert
Posts: 504
Joined: Mon Mar 09, 2015 6:01 am

Re: Oliver 175 - 43rd Question

Postby jyotimayank Thu Dec 29, 2016 10:22 am

Yes Vikram and Housam the correct answer is option B.

Refer to page 373 of PMBOK® Guide 5th Edition
A weighting system can be used to
* Select a single seller that will be asked to sign a standard contract; and
* Establish a negotiating sequence by ranking all proposals by the weighted evaluation scores assigned to each proposal.

Weighting systems assign numerical weights to evaluation criteria and then multiply them by the weights of each criteria factor to come up with total scores for each vendor. This technique provides a way to quantify the data and assist in keeping personal biases to a minimum. Weighting systems are useful when you have multiple vendors to choose from because they allow you to rank the proposals to determine the sequence of negotiations.

You can refer to the following link for more insight of this topic
http://www.izenbridge.com/videogallery/ ... e-webinar/
Jyoti Gupta
PMP Mentor & Coach

iZenbridge Consultancy Pvt Ltd

Return to “Oliver 175 PMP Questions”

Who is online

Users browsing this forum: No registered users and 1 guest