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IT Vendor Management Quiz

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1. What is the primary goal of IT vendor management?

2. What should be a key focus area when evaluating an IT vendor's performance?

3. Which of the following is a common risk associated with IT vendor management?

4. In the context of IT vendor management, what does 'RFP' stand for?

5. Which strategy is effective for managing the relationship with an IT vendor to ensure high-quality service delivery?

6. When drafting a contract with an IT vendor, what is crucial to include for managing risks?

7. What is a key benefit of conducting regular vendor performance reviews?

8. Which term refers to a negotiation strategy where both the buyer and the seller work together to find mutually beneficial solutions?

9. What is the significance of developing a Vendor Exit Strategy in IT Vendor Management?

10. What role does 'Vendor Scorecarding' play in IT Vendor Management?