Essay on Proj 598 Entire Course Contract and Procurement Management

739 Words Sep 18th, 2015 3 Pages
PROJ 598 Entire Course Contract and Procurement Management

PROJ 598 Week 1 DQ 1 Overview of the Project Procurement Processes
PROJ 598 Week 1 DQ 2 Building Trust
PROJ 598 Week 2 Project Assignment: Part I (PP1) – RFP Section 1
PROJ 598 Week 2 DQ 1 Contract Risk
PROJ 598 Week 2 DQ 2 Why Do We Need Contracts
PROJ 598 Week 3 Quiz
PROJ 598 Week 3 DQ 1 Bid v. No Bid
PROJ 598 Week 3 DQ 2 Potential Conflict – Buyers & Sellers
PROJ 598 Week 4 Project Assignment: Project Part II (PP2) – Complete RFP
PROJ 598 Week 4 DQ 1 Contract Pricing
PROJ 598 Week 4 DQ 2 Source Selection
PROJ 598 Week 5 The Award Phase – You Decide
PROJ 598 Week 5 DQ
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a .Contract negotiation, weighing systems, screening systems, and independent estimates are all manners to select appropriate sources. Regardless of the source required, there should be a process to screen suppliers in a way to empirically select a source. This reduces personal bias and other factors from the process. Page 146 (Points : 16) Bottom of Form
1. (TCO C) Compare and contrast fixed price agreements with cost reimbursable agreements and with time and material agreements. Offer your opinion on which type of contract would best suit your organizational needs if you had to only select one type of agreement for all your suppliers and sub-contractors. (Points : 16) 2. (TCO F) What is source selection, and why is it important? (Points : 16) 3. TCO G) There are many misconceptions regarding global contract management. Describe three such misconceptions, and describe the reality of actual global contracts. (Points : 16) 4. (TCO H) One of the tools and techniques used in contract closeout or termination is compliance verification, briefly describe this tool. (Points : 16) 5. (TCO A) State and elaborate five actions to improve your use of contract incentives. (Points : 20) 6. (TCO C) Describe qualitative vs. quantitative evaluation criteria. (Points : 20)

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1. (TCO D) Performance-based contracts (PBC) contain five essential elements. (Points : 20) 2. (TCO E) It has been said that the

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