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Oliver 175 - 62nd Question

Posted: Tue Jan 10, 2017 11:27 am
by jyotimayank
Question 62

What is the meaning of the acronym CSOW?

A. A statement of work that is part of a contingency plan; it is commonly linked with Contingency reserves.
B. A statement of work that has been formally agreed upon by both parties and is therefore part of a contract.
C. A statement of work that is currently valid; this contrasts with the scope baseline, a formerly valid SOW.
D. A statement of work on project level that cumulates statements of work on cost account level

Re: Oliver 175 - 62nd Question

Posted: Thu Jan 12, 2017 12:15 pm
by sarthy
B seems to be best

Re: Oliver 175 - 62nd Question

Posted: Thu Jan 12, 2017 12:46 pm
by jyotimayank
Yes the correct answer is option B.

PMBOK do not talk about this term CSOW but it is Contract SOW(Statement of work)
The seller uses the SOW to determine whether they are able to produce the goods or services as specified. In addition, it wouldn’t hurt to include a copy of the WBS with the SOW. Any information the seller can use to properly price the goods or services helps both sides understand what’s needed and how it will be provided.
Projects might require some or all of the work of the project to be provided by a vendor.
The Plan Procurements process determines whether goods or services should be produced within the organization or procured from outside, and if goods or services are procured from outside, it describes what will be outsourced and what kind of contract to use and then documents the information in the SOW and procurement management plan. The SOW willundergo progressive elaboration as you proceed through the procurement processes. There will likely be several iterations of the SOW before you get to the actual contract award.