...PROJ 410 Week 4 DQ 2 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-4-dq-2 How do you go about defining the proper duration for a bid procurement? Consider the time that it takes to plan for the procurement, draft an RFI and/or RFP, receive responses, and make a decision. What could you do if you needed to fast track this bid duration? The bid procurement process can stretch as much as one to two years in the federal government, especially on “mega” procurements. Often times this is due to the multiple committees, meetings, and layers of contract administration that a RFP, bid selection process must go through. Can you think of any ways to make the process more efficient? Using a short list of pre-approved sellers is one way to eliminate a lot of the time and effort of the bid process. Are there any reasons you can think of why using a short list is NOT a good idea? When might you want to go through the entire bid process? It is said that the project manager is a vital part of the project procurement process. However, the bid duration stretches over weeks, months, and even years. During that time, the project manager is not “managing” the project on a day to day basis. What else is the project manager doing? If he/she is assigned to manage another task, how can they devote enough time and energy to the bid process for this new contract? What are the factors are largely determined in negotiations in a BPO agreement? In contract...
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...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...
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...PROJ 410 Week 7 DQ 2 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-7-dq-2 One of the most frustrating aspects of contract management to customers/clients is the length of time that it commonly takes to close out a project (from an administrative standpoint) after most or all of the contract scope of work has been completed. The closeout is the fourth phase in the generic project life cycle where all outstanding contractual issues are completed and documented in preparation for turning over the product or service to the customer. What are some of the activities that need to be performed as part of the contract closeout functions? What do you think are some of the factors that cause such a length in delay in the closure of the project/contract? Closeout is completed when all administrative actions have been completed, all disputes settled, and final payment has been made. Who do you think typically drags out the close-out process, the owner or the vendor? Support your answer. Another problem that often arises is that the Project Manager is assigned to a new project/contract during the close-out phase, and naturally he/she becomes more preoccupied with the new assignment. Have you heard the term “Close-out Managers” in any of your PM courses? If yes, what do you recall is the role of these managers? If you have not heard the term before, what do you think it refers to? What is a close-out function or responsibility (i.e., something that...
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...PROJ 410 Week 6 DQ 2 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-6-dq-2 There are several ways to benchmark. The two most common benchmarking tools are performance benchmarking and best-practice benchmarking. Consider a nationwide bank that has contracted with a seller to assess its current staffing and facility locations. The goal of the contract is for the seller to produce a strategic plan that creates cost efficiencies for the bank by recommending (and implementing) areas to consolidate among staff and facilities. (One recommendation may be to close down a bank branch that is located within three miles of another bank branch.) This is a long-term contract stretched out over five years. If you were the project manager in the bank, to what benchmarks would you compare your seller? Are they performance benchmarks or best-practice benchmarks? Benchmarking is a term that has often been used to represent “the best of the class” performance. Your text implies a slightly less “perfectionist” performance threshold, whereby you assess the performance measures for other similar vendors or services relative to your BPO services, and use these samplings to define performance measures for your project/contract. Which of these two inferences do you feel is more appropriate for supporting the development of performance measures? State your arguments in support of your selection. Is it realistic to use a “perfectionistic” metric for benchmarking...
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...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...
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...PROJ 410 Week 3 DQ 2 To Buy This material Click below link http://www.uoptutors.com/proj-410/proj-410-week-3-dq-2 It is very common to find buyers who fail to identify the RFP evaluation criteria during the project 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 is the risk of waiting until bids have been received to establish the evaluation criteria to be used to select a preferred contractor? Besides evaluating the risk of waiting until bids are submitted, also consider the question from the potential vendors’ point of view. Should vendors be aware of the evaluation criteria during the procurement phase, or after they have submitted their proposals/bids? Finding buyers that fail to identify the RFP evaluation criteria during the project procurement planning process would hurt schedule and scope. Besides, if you get the proposals and read them before you create evaluation criteria, you run the risk of consciously or subconsciously creating evaluation criteria based on what you’ve read which could create a bias towards one of the proposals. Finally, without having your criteria set ahead of time, there is a high risk of setting yourself up with a bias opinion on proposals and not having an even playing field for others that come in. Qualifications are important, but so are the fees. So many companies are focused on savings, how could you...
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...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...
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...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...
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