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Question on procurement mgmt Knowledge area

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mayuk_sj
Posts: 1
Joined: Sat Mar 18, 2017 5:10 am

Question on procurement mgmt Knowledge area

Postby mayuk_sj Wed Apr 19, 2017 11:21 pm

Hi There,

Need some input on this question. This is part of Izenbridge assessment question. Option a and d have equal
weight-age.

As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $ 500,000. However, the cost estimates prepared by prospective sellers were in the range of $ 200,000. How can this be


a] The procurement statement of work was deficient and ambiguous.
b] The professional estimator has inflated the estimate of costs
c] The prospective sellers do not have the required skills to do the project.
d] Prospective sellers are trying to underbid and win the project.
kapil.bhauryal
Posts: 11
Joined: Fri Apr 07, 2017 3:47 am

Re: Question on procurement mgmt Knowledge area

Postby kapil.bhauryal Thu Apr 20, 2017 5:48 am

I will go with Option A. The procurement statement of work was deficient and ambiguous. As all of sellers estimate was in different range and it was based on Procurement statement of work.
manishpn
Expert
Expert
Posts: 1890
Joined: Sat Jan 04, 2014 3:55 pm

Re: Question on procurement mgmt Knowledge area

Postby manishpn Thu Apr 20, 2017 10:12 am

Agree with Kapil.
D cannot be true/practical as all sellers will not underbid to such an extent,
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/

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