...PROJ 410 Week 2 DQ 1 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-2-dq-1 Assume that you have made the final payment on a one-acre residential lot that you purchased years ago to build your retirement home. You are now ready to build your dream home. This will be your ongoing project for the next couple of years. Which contract structure (fixed price, unit price, reimbursable) do you think that you would use to proceed with your project? Explain your choice. What are the four basic contract pricing options? What are five options of cost reimbursable contracts? In what situation a company is best to use a unit price contract? In what situation, a company is best to use cost-plus-percentage-fee contract? What are the differences among a fixed price contract, a time and materials contract, and a reimbursable contract in terms of how well defined a BPO contract needs to be relative to price, scope and schedule prior to the commencement of any work/services? Class, do you feel the length of the contract also has some influence on the contract type you choose? Why or why not? What are the challenges for an owner in tracking a reimbursable contract? When does a contract manager prefer a fixed fee contract over a reimbursable contract (or vice versa)? How many companies do you think go through outlining their business objectives, and then use these to guide the selection of a contract structure, rather than letting financial objectives...
Words: 320 - Pages: 2
...PROJ 410 Week 5 DQ 1 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-5-dq-1 As your textbook indicated, business process outsourcing has become an emerging trend in most small- and large-size corporations. This has been particularly true during the last year and a half, as many companies have turned to outsourcing in order to reduce overhead costs during these recessionary times. Identify some companies with which you have been personally associated, or companies that you have read about which have gone through the outsourcing process for some of their business operations. How did affected employees react to the outsource process? With all of the things that can go wrong with outsourcing do you think that there should be better laws in place to regulate outsourcing? For example, do you think there should be a law that says that a company can not outsource to another company if that company has had minimum wage or safety violations? In this emerging economy, we hear that a lot more jobs are going overseas, yet at the detriment of the U.S. work force. We always heard of manufacturing being a sector that has looked to overseas for purposes of reducing costs. What are some of the newer business processes that are being outsourced? Tacit knowledge is based on personal experience, rules of thumb, intuition and judgment. It includes professional know-how and expertise, individual insight and experience, and creative solutions that are difficult...
Words: 467 - Pages: 2
...PROJ 410 Week 1 DQ 2 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-1-dq-2 A project manager and a contract manager are both needed to administer a procured project or process. If you were the project manager, how would you work with a contract manager to ensure a successful procurement? In answering this question, consider such issues as, at what point you would want to get the contract manager involved in the project, what areas of the contract you would want to be his or her responsibility, how much and what types of communication you would want the seller (i.e., the contracted firm) to have with the contract manager, and who would handle conflicts that might arise with costs, schedules, or scope. Please remember to answer all components of the question. What are the differences between the project manager and contract manager? What knowledge should a project manager have and what knowledge should a contract manager have to perform the jobs? What do you think about hiring a project manager (PM)? What steps might you take to find the right contractor and project manager? Price used to be the main object, now we want a “buy best value” concept where price is just one factor. We also look at past performance, management, etc. What examples do you have about the way you contract your work? What are the six steps you would take in the project procurement management? In this era of cost containment and reduced budgets, we have seen...
Words: 416 - Pages: 2
...PROJ 410 Week 3 DQ 1 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-3-dq-1 Consider again the dream retirement home that you were building as part of the Week 2 Discussion. Assume that you are working on the request for a proposal to be bid on by some local general contractors. Using the outline of the RFP sections discussed this week, what are some specific questions or areas of detail that you would put in your RFP? What are some ways that you’d tailor your RFP to make sure that you knew if the local general contractor whom you choose will meet all of your success criteria? You would definitely want to know specifically what services will and will not be provided in this situation. I would want to have a clear understanding of what will be provided and what the cost is so I can see that difference between contractors. I can then better evaluate my budget and whether I am on track. I would also like to know what the contractors background is and what their experience level is in building a house like mine. I would also like to understand the talent level of the team that will be involved in my project. What is their experience and track record. I think these things would help you achieve success in getting house done on time. Given the content of an Request for Qualifications (RFQ’s) versus a Request for Proposals (RFP), do you feel that RFQ’s and RFP’s should both be a part of a procurement process (e.g. issue an RFQ, receive responses...
Words: 730 - Pages: 3
...PROJ 410 Week 4 DQ 1 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-4-dq-1 The formulation of evaluation criteria has long-lasting implications throughout the life cycle of a contract. The result should be picking the right seller for the contract. In fact, the development of evaluation criteria has often been debated to be one aspect of contract procurement that needs to be closely coordinated with both the contract administrator and project manager. What are your thoughts on the role that the contract manager should have in the development of evaluation criteria? What about the project manager? Who else should be involved in establishing and applying the evaluation criteria? It is very common to find customers/clients that fail to identify the RFP evaluation criteria during the procurement planning process, and in fact do not define the evaluation criteria until after proposals have been received and the evaluation process is set to begin. What do you think the risk of waiting is until bids have been received to establish the evaluation criteria to be used to select a preferred vendor? Do you think that clearly defining the evaluation criteria as part of the procurement process also locks in the Client to making his/her selection based on the specific criteria identified, thus reducing the potential for a client making a selection purely on subjective criteria (even through the ranking of proposals on a pre-defined set of criteria...
Words: 426 - Pages: 2
...Invest. Innovate. Inspire. For a new India. ANNUAL REPORT 2014-15 India is at the threshold of a new era of growth and opportunity. This is driven by increasing economic activity, ongoing ‘Make in India’ initiatives and a demographically well-placed, aspirational society. Reliance Industries Limited (RIL) continues to be a partner in India’s ongoing journey towards economic and social well-being, and remains committed to investing in and innovating for India. RIL is striving to meet and exceed global benchmarks in product quality and customer service with inspiring ideas and strategic investments. From the manufacturing landscape to high-growth consumer service sectors, RIL is achieving superior outcomes that facilitate India’s drive for global leadership. RIL is delivering industry-leading performance through consistent efficiency in operations and prudent configuration of assets. RIL is making sizable capital investments, focusing on technology and expanding its level of services from the hydrocarbons sector to consumer businesses. RIL innovates for existing businesses and also focuses on developing new business models to deliver g g g y significant value for its growing stakeholder fraternity. In this effort, it collaborates with o s with leading global institutions to help usher in a n era of possibilities. global new is growing o RIL’s focus is to continue growing as a respons responsible organisation, thereby e inspiring progress in...
Words: 182744 - Pages: 731
