_ is the implementation method where the old system is shut down and the new system is turned on at an agreed upon date.

_ is the implementation method where the old system is shut down and the new system is turned on at an agreed upon date.

a) Direct Cutover
b) Parallel
c) Phased
d) All of the above
e) None of the above

The inability to switch vendors or reintegrate the outsourced activity is an example of the following common outsourcing mistake.

The inability to switch vendors or reintegrate the outsourced activity is an example of the following common outsourcing mistake.

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. Failing to plan an exit strategy
 Multiple Choice

Failure to include costs of searching for the vendor, writing the contract, or managing the vendor relationship are examples of the following common outsourcing mistake.

Failure to include costs of searching for the vendor, writing the contract, or managing the vendor relationship are examples of the following common outsourcing mistake.

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. Overlooking the hidden costs of outsourcing

Not actively managing the vendor could lead to the following common outsourcing mistake.

Not actively managing the vendor could lead to the following common outsourcing mistake.

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. Losing control over the outsourced activity

Not retaining organization-specific knowledge is an example of the following common outsourcing mistake.

Not retaining organization-specific knowledge is an example of the following common outsourcing mistake.

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. Losing control over the outsourced activity

Not establishing an appropriate balance of power between the client and vendor is an example of the following common outsourcing mistake.

Not establishing an appropriate balance of power between the client and vendor is an example of the following common outsourcing mistake.

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. All of the above are common outsourcing mistakes

Performing due diligence to evaluate the financial strength of the vendor as a going concern helps protect against _

Performing due diligence to evaluate the financial strength of the vendor as a going concern helps protect against _____. 

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. All of the above are common outsourcing mistakes

Not verifying the prospective vendor’s qualifications as well as their experience and financial strength is an example of the following common outsourcing mistake.

Not verifying the prospective vendor’s qualifications as well as their experience and financial strength is an example of the following common outsourcing mistake.

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. All of the above are common outsourcing mistakes

Outsourcing core business functions is an example of the following common outsourcing mistake.

Outsourcing core business functions is an example of the following common outsourcing mistake.

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. All of the above are common outsourcing mistakes

Which of the following is NOT a common outsourcing mistake?

Which of the following is NOT a common outsourcing mistake?

a. Outsourcing activities that should not be outsourced
b. Selecting the wrong vendor
c. Writing a poor contract
d. Overlooking personnel issues
e. All of the above are common outsourcing mistakes

_ provides greater flexibility by allowing specific processes to be kept internal while allowing other processes to be outsourced.

_ provides greater flexibility by allowing specific processes to be kept internal while allowing other processes to be outsourced.

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring
e. Selective Outsourcing

Which of the following approaches provides flexibility to choose which project processes and deliverables should be from external sources and which should be internal to the organization?

Which of the following approaches provides flexibility to choose which project processes and deliverables should be from external sources and which should be internal to the organization? 

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring
e. Selective Outsourcing

Which of the following would an organization employ if an organization employ if all project products and services were from external sources?

Which of the following would an organization employ if an organization employ if all project products and services were from external sources?

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring
e. Selective Outsourcing

_ has caused a lot of controversy because of the perception that jobs within one country are replaced by lower wage jobs in another, leading to higher domestic unemployment.

_ has caused a lot of controversy because of the perception that jobs within one country are replaced by lower wage jobs in another, leading to higher domestic unemployment.

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring
e. Selective Outsourcing

_ takes advantage of labor arbitrage by procuring a product or service from a company that operates in another country.

_ takes advantage of labor arbitrage by procuring a product or service from a company that operates in another country.

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring
e. Selective Outsourcing

Which of the following would an organization employ if it outsourced a particular business function or department like information technology, accounting, research and development?

Which of the following would an organization employ if it outsourced a particular business function or department like information technology, accounting, research and development?

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring
e. Selective Outsourcing

_ is when an organization turns over processes such as Accounting, Human Resources, or Research and Development to an outside organization that specializes in these processes.

_ is when an organization turns over processes such as Accounting, Human Resources, or Research and Development to an outside organization that specializes in these processes.

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring e. Selective Outsourcing

Which of the following would an organization employ if all project deliverables and activities were the responsibility of an internal project team?

Which of the following would an organization employ if all project deliverables and activities were the responsibility of an internal project team?

a. Business process outsourcing
b. Full-Insourcing
c. Full-Outsourcing
d. Offshoring
e. Selective Outsourcing

_ is the procurement of products or services from an external vendor, supplier, or manufacturer.

_ is the procurement of products or services from an external vendor, supplier, or manufacturer.

a. Outsourcing
b. Insourcing
c. Contracting
d. Offshoring
e. None of the Above

Cost-plus-fee, cost-plus-fixed-fee, and cost-plus-incentive-fee are all types of a

Cost-plus-fee, cost-plus-fixed-fee, and cost-plus-incentive-fee are all types of a _____.

a. Cost-Reimbursable contract
b. Time and Materials contract
c. Fixed Price/Lump Sum contract
d. Cost-Penalty contract
e. Time-Reimbursable contract