a)The overall objective of the procurement evaluation process is to reduce purchase risk and maximise value to the purchaser. Discuss the stages of supplier evaluation and selection that you must go through in order to achieve the said objectives. b)Why is it necessary for project promoters to prepare a business case?
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Question Four (4)
a)The overall objective of the procurement evaluation process is to reduce purchase risk and maximise value to the purchaser. Discuss the stages of supplier evaluation and selection that you must go through in order to achieve the said objectives.
b)Why is it necessary for project promoters to prepare a business case?
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- 1. Describe five examples of items you would consider when determining the price of a proposed projectMemo 7 To:Pricing Manager, Central State Region From:Vice President, Marketing Re:Strategic Pricing Decision Our only competitor in the Central State region currently provides bundled services at $79.95. We are currently charging a 10 percent premium over its price, but there are rumors that it is contemplating a 10 percent price increase to bring its price in line with ours. We don’t know its cost structure, so we don’t know whether its price increase is driven by rising costs or a strategic move to gain margin.Historically, when we both charge the same price, our market share is about 65 percent. When we charge a 10 percent premium over its price, our market share declines to about 60 percent. It appears that in those instances when it charges a 10 percent higher price than us, our market share is about 70 percent.Please provide a recommendation regarding whether we should maintain our current price or reduce our price to $79.95.…objectively report on the considered use of Balanced Scorecards on their projects for a well-established, fictitious, medium-sized Tier 1 supplier for Ford Motor Corporation who has recently established a Project Management Office and should include A. Concerns/Issues from a business and project management perspective – what problems might occur if this supplier to Ford Motor Company implements Balanced Scorecards on all of their projects? B. Your recommendation for the supplier – should they implement Balanced Scorecards? Why or why not?
- Scenario: Designated project manager for a medical health services project for low-income earners, unemployed and homeless people. Before the medical professionals begin their work, which was stipulated in the contract, or products have been bought, you would have gone through a process of identifying your requirements, created documents detailing your requirements, and analyzing the proposals received from each seller. These activities, among others, are critical to the Plan Procurement Process and result in the creation of a procurement management plan. From the medical services project scenario, what steps would you consider when conducting procurements?Scenario: Designated project manager for a medical health services project for low-income earners, unemployed and homeless people. Before the medical professionals begin their work, which was stipulated in the contract, or products have been bought, you would have gone through a process of identifying your requirements, created documents detailing your requirements, and analyzing the proposals received from each seller. These activities, among others, are critical to the Plan Procurement Process and result in the creation of a procurement management plan. From the medical services project scenario, what activities would you complete in order to close the procurements?Please answer the subparts only: • advantages and disadvantages • best solution • conclusion
- Scenario: Designated project manager for a medical health services project for low-income earners, unemployed and homeless people. Before the medical professionals begin their work, which was stipulated in the contract, or products have been bought, you would have gone through a process of identifying your requirements, created documents detailing your requirements, and analyzing the proposals received from each seller. These activities, among others, are critical to the Plan Procurement Process and result in the creation of a procurement management plan. From the medical services project scenario, what steps would you take when controlling procurements?Identify any two of the different procurement options currently found within your sector of operation in relation to new projects - this should include the identification of the design and construction phases and whether these are considered to be integrated or separated. •Discuss the impact of build-ability on the procurement options identified above. •Explain the contractual relationships between the client, design team and construction team for each procurement system and how this may or may not affect the cohesiveness of the collective project team effort.Suppose that the Designer on your project team abruptly resigned his position. Instead offilling the vacancy internally, you decide to procure the services of a well-known externalconsultant to assist with the user interface design.a) Identify your choice of procurement document(s) as the mostsuitable to solicit the consultant’s services.
- Subject: Procurement & Sourcing Q): How contract is establish? Q) What are the main terms of contract?A company used a 14% nominal discount rate to evaluate a new project. However, their advisor said that the normal discount rate for this industry is 12% but because of the different characteristics of the market, the higher discount rate is appropriate. Question: Should the company use a different discount rate from other companies in that industry? If so, why, and what discount rate should they use? (Hint: This is a theory question. It is required to mention systematic risk and rate of return. Which rate will systematic risk be close to?). Section 1 Explain which of the conversion methods would be suitable for the following. Justify your choice: Upgrading the software for an Automatic Banking Machine (ABM/ATM) Adding a new inventory system along with new computerized cash registers in a supermarket Implementing a student course management system in a university 2. List four reasons why your participation as a user of an information system is critical during the systems development life cycle, linking the concepts of user involvement and change management in a software implementation project. 3. Why is it so important to understand how a business process works when trying to develop a new information system? Section 2 In the context of the impact of a change on an organization, How would you characterize the following changes? Adding electronic scoreboards to a cricket grounds. A Telco consolidating call centres in one country. A Telco installing fibre-to-the-home to replace copper wires. A Telco launching a TV…