SAM Software Procurement & Vendor Management 2

Question 1

A company discovers mid-contract that a vendor's SaaS platform has been acquired by a competitor. What SAM best practice should the organization invoke?

Accepted Answer

Review the contract for change-of-control clauses that may allow exit or renegotiation

Answer

Change-of-control clauses in software contracts give customers rights to renegotiate or exit if ownership changes, protecting against conflicts of interest.

Question 2

Which procurement method is MOST appropriate when an organization needs specialized software and wants multiple vendors to compete on both technical merit and price?

Accepted Answer

Request for Proposal (RFP)

Answer

An RFP solicits competitive bids evaluated on technical capability and cost, ensuring best value when specialized requirements must be met.

Question 3

A software vendor proposes bundling three applications at a 30% discount. What SAM consideration is MOST important before accepting?

Accepted Answer

Assess whether all three applications are actually needed to avoid paying for unused licenses

Answer

Bundled software often includes products the organization doesn't need, making the apparent discount illusory if unused licenses add compliance risk.

Question 4

What is the primary purpose of a software escrow agreement in vendor contracts?

Accepted Answer

To ensure access to source code if the vendor goes out of business or discontinues the product

Answer

Escrow agreements protect customers by placing source code with a neutral third party, accessible if the vendor ceases operations or stops supporting the product.

Question 5

During vendor due diligence, an organization learns a software provider lacks SOC 2 Type II certification. What is the MOST appropriate SAM response?

Accepted Answer

Document the risk and include compensating controls or security requirements in the contract

Answer

Documenting the risk and requiring compensating controls balances security requirements with procurement flexibility when a preferred vendor lacks certification.

(SAM) Software Asset Management Practice Test

(SAM) Software Asset Management Practice Test

SAM Software Procurement & Vendor Management 2