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PGMP · Question #5

PGMP Question #5: Real Exam Question with Answer & Explanation

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Program Life Cycle Management

Question

You are the program manager for your company and evaluating the sellers to determine the seller to buy from. In your analysis you've created a histogram to display the pros and cons for each seller. You've created five categories of interest and assigned values to each category for each vendor. Your five categories are: - Cost - Schedule - Experience - Certification - Warranty Each category has a different point value and the vendor that receives the maximum points in total will win the contract. What type of seller evaluation are you performing?

Options

  • AMonte Carlo simulation
  • BExpert judgment
  • CWeighted scoring model
  • DBenchmarking

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Topics

#Seller evaluation#Weighted scoring model#Procurement management#Source selection
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