Best Value Knowledge Test

An expert’s primary focus is on the risk ___________

The high-level risk management plan (RMP) _______________

Who should be receiving the WRR when distributed?

The deviations page on the WRR should include

Decisions are made by people who lack information.

In order to minimize risk, non-experts must identify an expert and then trust the expert.

Visionaries identify win-lose relationships as risky, even if they are the one winning.

Some people in life can be controlled, others cannot be controlled.

Someone who believes they can be controlled is more likely to try to control others.

When are the final conditions of an event determined?

A person who believes in “Influence” is more likely to:

Transparency is when:

The better a person understands the initial conditions of an event:

To improve communication leaders will:

Information is simple and dominant when

Decision Making:

Leaders increase productivity by ______________________.

When something is simple ____________ increases.

Observant people think more than non-observant people.

How many outcomes are possible for each event?

When someone understands a specific area, ________________________.

Experts mitigate risk by transferring it to the person responsible

The vendor is financially responsible for all risk on a project

The BVA replaces management, direction and control with collaboration and good relationships

The client is responsible to take the lead in the Clarification Phase

The vendor is responsible to utilize the expertise of the client

The Language of Metrics should decrease

Which of the following is the responsibility of the vendor/supplier in the Execution Phase?

The WRR helps all entities, but the entity that it protects the most is

The plan proposed by the best value vendor in the Clarification Phase should include

The detailed project schedule is primarily for

In the Selection Phase, which vendors’ claims and metrics are verified for accuracy?

Who is the greatest source of project deviation?

Which of the following is TRUE about the Clarification Phase (CP)

Which of the following is included in the Weekly Risk Report (WRR)

Which of the following is a TRUE statement about the Director’s Report (DR)

The deviations page on the WRR should not include

Increased communication to the client leads to

In the Clarification Phase the client should add their input:

In the Clarification Phase, if a vendor lacks information on the project they should

Standards and contracts are inefficient tools to ensure performance

For BVA to work, clients must learn how to trust expert vendors

The Prequalification Phase is optional in the BVA

In the BVA, prequalification is primarily used to eliminate vendors that the client identifies as inexperienced

In the BVA Selection Phase, vendors are prioritized based on their offered scopes.

The following should be completed before the clarification kickoff meeting

What must a vendor show to score high in the risk assessment?