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Periodically re evaluate the strategy continuously

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Periodically re-evaluate the strategy, continuously benchmark the supply market,and make adjustments to the sourcing strategy as appropriate.MODULES 3&4 EXAM1) One of your customers is the base hospital. They have been tasked with reducingpatient wait time while improving the quality of the medical care they provide to theirpatients within six months. Your customer is considering contractor support to helpthem achieve these standards. You have been asked to address the risk associatedwith obtaining this type of support service. What is the schedule risk for thisrequirement?[Identify program cost, schedule, and performance risk events.]The time necessary to implement the desired changes will take longer thansix months.The number of personnel needed to provide this level of support may exceed theavailable funding.The use of cutting edge technology may not provide faster diagnosis andtreatment.The budget will not include funding to purchase the latesttechnology.
2) You have been given a requirement to purchase the last lot of a jet aircraft. Therequirements are already being developed for the next generation jet that will be thesuccessor to this aircraft. This aircraft has been successfully deployed for many yearsand you are working with your customer to develop a risk management plan for thisfinal lot. Why is risk management an important part of this acquisition?[Identify the rolethat risk management plays in successful contract completion.][Remediation Accessed :N]
acquisition.3) You are working with your customer to identify the potential risk on a newrequirement for a research and development contract to design and build a prototypefor a new mass transportation system. Which of these activities would you performduring risk identification?[Given an acquisition scenario, apply the key steps of the RiskManagement Process.]
4) You are tasked with leading the Acquisition Integrated Product Team's (AIPT’s) effortsto manage events that have already occurred on the program, events that willpotentially impact the program’s cost, schedule, and/or performance. You areresponsible for applying resources to address and resolve a past or occurring event andits related consequences. Which one of the following processes applies under thesecircumstances?[Recognize how risk management is integrated with other program managementtools and processes.]

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