After Reviewing the Project Scope Statement, the Owner Specifies That

question 69

Multiple Choice

After reviewing the project scope statement, the owner specifies that costs MUST stay within $400,000.This criterion is classified as

• A)Constrained.
• B)Enhanced.
• C)Accepted.
• D)Limited.
• E)Fixed.

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Definitions:

Supplier Scoring

A method used to rate and evaluate the performance of suppliers based on various criteria such as delivery time, quality, and cost.

Procurement

The process of finding and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Demand Uncertainty

This refers to the unpredictability of customer demand for products and services, affecting inventory, production, and distribution planning in supply chains.

Supplier's Demand

The quantity of materials or products required by a supplier from upstream suppliers to meet customer orders or production schedules.