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'PTN' stands for:
Post-tender negotiation.
In my opinion, potentially a very rewarding activity where the rules permit.
Periodic progress reports may be required by a contract manager. Part of this could include reporting actual progress against planned progress. In many cases, achievement of planned stages would result in (part-) payment(s) being released to the contractor. Which one of the following terms might be the most appropriate title for a plan underpinning this approach, to ensure value for money, and payment linked to actual progress?
Milestone plan.
This is difficult, and if you opted for 'staged', that is understandable. 'Milestone' or 'gateway' are terms often used to describe a situation in which a particular point must be reached on a project, pri-or to release of funds. By this means, a close linkage can be made between outputs achieved and payments made. The idea of stages goes towards this, and 'progress payments' ie payment based on alleged progress or simply time, have been shown in many cases, to be ineffective in achieving value for money.
If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?
Transfer.
Some of the risk has been transferred to the insurance company.
Where the supplier guarantees to make good any losses suffered by the buyer as a result of product defects, for example
Indemnity.
As in 'an indemnity clause'.
'The supplier hereby indemnifies the buyer against / in the event of...'
A 'cause and effect' or 'fishbone' diagram is also commonly known as:
The answer is an Ishikawa Diagram.
Can be used in addressing quality problems, problems of under-performance, etc.
The other Japanese-sounding names shown as possible answers are spurious - two are novelists, and Fukushima was a serious environmental radioactive leak at a nuclear power station on the coast of Japan.
