Module B6

Module B6 Assessment

Please Answer All Questions Before Submitting.

It Is a requirement, to pass this Module, for you to attempt and submit each assessment.

This quiz will close at 11.59 PM on Friday 16th of June.

Enjoy and Good Luck!

Please write down your personal details in the space provided below

* First Name :
* Last Name :
* Email Address :

* Please select your SBA from the drop down list below

* Please write down your SBU/ Department in the space provided below

* Q1. What is SRM? And why is it important? Please give a short description below

* Q2. What are some key activities of SRM? Select one of the below:

a. Communication

b. Project Management

c. Supplier Management

d. Performance Management

* Q5. Why is governance important in CMP? Provide reason(s).

* Q6. Risk Management is needed to identify contract risks and document them and then report it to senior management.

a. True

b. False

* Q7. List down one of the main considerations one should look at when planning for contract management

Q8. Planning and execution steps of contract management must happen consecutively.

a. True

b. False

* Q9. There are 3 possible next steps upon contract expiry, which of these is not one of them?

a. Contract Extension

b. RFx Next Steps

c. Termination

d. Renegotiation

Q10. Before you execute the CMP, select three things that it is important that your internal and supplier stakeholders agree on:

Define Contract structure (e.g. Contract information, parties and stakeholders)

Define administration (e.g. internal management, contract issues, early warning signals, payment methods)

Define Contract performance (e.g. milestones and contract performance monitoring)

Define Contract length requirements

* Q11. List down 3 things that you should capture when governing a contract.

* Q12. What are some sample deliverables of contract execution? List two.

Q13. When it comes to the contract life-cycle, contract performance reporting is a continuous process from start to finish.

a. True

b. False

Q14. Active management of contract expiry and timely planning of next steps avoids loss of value during renewal or transition to new contract.

a. True

b. False

* Q15. Issue and risk logs are kept for

a. Prioritize efforts associated with the mitigation and resolution of these issues

b. To keep a historical record of all issues and risks

c. To log every time an unsolved issue appears

d. All of the above