Mpws 2012 Knowledge Check

See Slide 37 Supplier Governance.

See Slide 28 - ask the participants what are the other four principles - Honest, Ethical and Fair Dealings, Externally Linked Solutions, Collaboration and Competition, Supplier Incumbency.

The best course of action in this situation is to call the corresponding vendor project manager to understand the situation better. By directly contacting the vendor project manager, you can gather more information about the reported project status and the slipping deliverables. This will help you to get a clearer picture of the situation and take appropriate actions accordingly. Contacting your immediate manager or escalating to your purchases contact may not provide the necessary insights, while talking to a technical P&G friend may not be as reliable or relevant in this context.

See Slides 53 - Fixed Price offers the lowest potential for cost overruns. The PM still needs to effectively manage stakeholders to ensure that approved change orders balance CAS and cost variance.

Be sure to review documents such as the MSA, as this provides overall governance to your work.

See Slide 72 - the basis for your decision needs to be developed prior to issuing bid documents. It ensures balanced scoring of the vendor's bids and avoids delays in award caused by stakeholders trying to change the basis of the evaluation.

It is important to provide suppliers with an informal way to give feedback because it allows for open communication and the opportunity for suppliers to share their thoughts, concerns, and suggestions. This can help improve the supplier relationship and overall business operations. An informal feedback channel can also encourage suppliers to be more honest and transparent, as they may feel more comfortable sharing their opinions in a less formal setting. This feedback can be valuable in identifying areas for improvement and addressing any issues or challenges that may arise.

The term "Rough Order of Magnitude" refers to a rough estimation or approximation of a value or quantity. It is not a commitment because it is not a definitive or precise figure. It is also not a rule of thumb, which is a general guideline or principle. Additionally, it is not a guess because it is based on some level of analysis or knowledge. Lastly, it is not a plan as it does not outline specific actions or steps.

See Slide 48. Emphasize who can best perform the work.

While all the parties listed are certainly responsible for successful delivery, YOU (the P&G project manager) are the ultimate owner.

See Slide 65 - encourage participants to review MSA's with current suppliers.

See Slides 124-126

Intellectual Property refers to creations of the mind, such as inventions, designs, and artistic works, that can be legally owned and protected. It is not always owned by P&G or the supplier, as it depends on the specific agreements and contracts in place. Therefore, it is important to have clauses in the Master Service Agreement (MSA) that clearly define the ownership of Intellectual Property to avoid any disputes or confusion.

This is in fact common. Be aware that payments scheduled within a particular Fiscal Year, must be GR'd or accrued during that FY.

The correct statement is that responsibility is shared by both the supplier and the buyer. This means that both parties have a role to play in ensuring that the procurement process is successful. The supplier is responsible for delivering the goods or services as agreed upon, while the buyer is responsible for providing clear specifications and requirements, as well as making timely payments. This shared responsibility helps to ensure that both parties are accountable and that the procurement process is fair and transparent.

See Slide 118

An RFP is used only when you have multiple suppliers that could do the work, and you need to use a competitive process to make the best selection for P&G.

False, as of July 2012 HP uses the same SOW processes as other vendors.

Explain that PM should do technical review before commercial review.

See Slides 134 & 135

See Slides 55 & 56.

See Slide 100. BMI is an acronym for Body Mass Index. We don't assess supplier performance by weight.

See Slide 51 The opposite is true RFI's require less response time but add to the total elapse time for sourcing suppliers - you still have to go through vendor selection, either by RFP, vendor negotiation, or alliance process.

See Slides 42-43.

All of the above. Of course, you have to be careful about the conversation you have with supplier contacts here - but gathering general information is OK to do.