Vendor Evaluation & Selection Flashcards
7 cards from real CSI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Vendor Evaluation & Selection flashcards as text
A system integrator discovers during due diligence that a shortlisted vendor recently lost several key technical staff. What risk does this most directly represent?
Answer: Delivery and knowledge continuity risk that could impact project execution
Loss of key personnel threatens delivery capability and institutional knowledge critical to successful integration project execution.
When negotiating a vendor contract, which clause protects the buyer if the vendor is acquired or goes out of business?
Answer: Source code escrow and business continuity clause
Source code escrow and business continuity provisions ensure the buyer retains access to critical assets if the vendor ceases operations.
What is the purpose of issuing a Request for Quotation (RFQ) rather than an RFP?
Answer: To obtain pricing for well-defined, standardized products or services where requirements are fully specified
An RFQ is used when requirements are fully defined and the primary variable is price, unlike an RFP which evaluates both technical and commercial aspects.
Which evaluation technique involves assigning numerical scores to vendor responses and multiplying by importance weights to produce a composite score?
Answer: Weighted Criteria Decision Matrix
A Weighted Criteria Decision Matrix systematically scores and weights vendor attributes to produce objective, comparable composite scores.
A vendor offers a significantly lower price than competitors but cannot explain how they will meet the required quality standards. This scenario most likely indicates:
Answer: A potentially unrealistic bid that may lead to cost overruns, scope reduction, or quality failures
Abnormally low bids often signal unrealistic assumptions, hidden costs, or planned scope reductions that ultimately harm the project.
In vendor evaluation, what does 'interoperability' primarily assess?
Answer: The ability of the vendor's solution to work seamlessly with existing systems and third-party tools
Interoperability evaluates how well a vendor's solution integrates with existing infrastructure, APIs, and third-party systems without requiring major modifications.
What is the role of a Vendor Management Office (VMO) in an organization?
Answer: To govern vendor relationships, monitor performance against SLAs, and manage strategic vendor partnerships
A VMO provides centralized oversight of vendor relationships, ensuring performance compliance and strategic alignment across the organization.