1. Vertical integration of your supply chain chain ( owning and controlling your suppliers) is always more profitable

A) True B) False

2. Deciding whether to buy a supplier or build an-house solution should only be based on what is the cheapest option for getting the product over the long-term.

A) True B) False

3. In the first phase of her project, Jan used a variety of methods to identify project stakeholders. Next, she gave the stakeholders her project plan with accompanying Gantt charts. Finally, she set up a standardized progress reporting system to communicate with stakeholders during both the planning and execution phases. What could she have done differently to improve stakeholder involvement and communication?

Choose from the following answers?

Avoid Gantt charts in stakeholder communication.

Keep reporting schedules loose and provide information to stakeholders on an "as needed" basis.

Have stakeholders define their objectives for the project at the outset.

Ensure the project plan is able to accommodate all of the stakeholders' goals and requests.

4. You are the manager of a project with very tight and critical deadlines. Senior management has reviewed and approved your schedule. Halfway through the project, however, one of your suppliers reports that they cannot meet their deliverable date unless they drop the quality of the materials they are supplying. What should you do next? Choose from the following answers?

Negotiate a lower cost, since the three variables — cost, time, quality — must balance

Accept the lower quality materials in order to adhere to the schedule's critical deadlines.

Document the change in quality explicitly so team members know about your decision.

Consult with your stakeholders to see if a change in quality is acceptable.