1. (TCO 2) Part 1: List and define the six phases of the project procurement man

Question

1. (TCO 2) Part 1: List and define the six phases of the project procurement management process. Part 2: How could you organize a simple project such as renovating a bathroom into the six steps in the project procurement management process? Part 3: The buyer determines the contract pricing structure during which step of the project procurement process? (Points : 30)

Question 2.2. (TCO 1) Part 1: Discuss the following types of contract pricing: (a) fixed price, (b) cost-plus price, (c) time & materials, and (d) unit price. Part 2: Explain the appropriate utilization of each contract pricing type and the impact of risk to the contracting parties. Part 3: What type of contract pricing structure misaligns the buyer's motivations with the seller's? (Points : 30)

Question 3.3. (TCO 3) Identify and describe the benefits that outsourcing logistics will bring to the organizations. (Points : 30)

Question 4.4. (TCO 1) Discuss the importance of obtaining support for the process of Business Process Outsourcing. Who would be important to involve and why? (Points : 30)

1. (TCO 2) Part 1: List and define the six phases of the project procurement management process. Part 2: How could you organize a simple project such as renovating a bathroom into the six steps in the project procurement management process? Part 3: The buyer determines the contract pricing structure during which step of the project procurement process? (Points : 30)

Explanation / Answer

Q1

Part 1. The six processes for managing project procurement management are listed below

Part 2. A simple project like renovating a bathroom can be organized using the above mentioned six steps. First establish the statement of work, budget and timelines constraints. In the next step, Shortlist possible suppliers, prepare RFP and contract template. In the third phase, float the RFP to shortlisted suppliers and collect their responses. In the fourth phase, evaluate supplier responses, rank them and select the supplier to meet the project objectives, including design, budget and past history in terms of quality of work. Fifth stage requires contract negotiation and administration, followed by the final stage of contract sign-off and closure.

Part 3. The buyer determines the contract pricing structure in the second stage during contract planning.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.