The following regarding this team’s contract with Will Fence’s Christmas tree farm, to design a process for acquiring resources to expand their storage yard, should soon be apparent: A brief description of the contract resource procurement process and how it can assist a buyer negotiate with vendor to get the best purchase. An explanation to the customer (Will), as to why the project team thinks the chosen process is the best option for Will to accomplish the project’s defined goals. A description of the risks associated with the procurement activities required to obtain the necessary resources and what the role of the risk management process is during the contract resource procurement process (CRPP). Some ways the CRPP can be improved and a list of general recommendations the team has for the customer.
Once the scope has been copiously understood and the project deliverables are clearly defined the project team can move forward with developing a project charter. A statement of work (SOW) will be developed and used as a primary source of procurement. During the solicitation phase, a total of five companies will be selected to bid on the project. The project will need to be completed by the first week of October. When the bids for the project have been filled out and returned to the project team, …show more content…
A PFIF contract will give incentive to the contractor to finish the project before the deadline to receive a bonus. If the project is not completed on time, Will is also protected with fees that will cost the contractor more money. If a deliverable is not meet or the features are not as outlined in the scope, the contractor will also have to pay fees to Will. If the project is completed on time and the agreements followed the incentive and project total will not exceed the $55,000, which will help to keep the budget on
Once the scope has been copiously understood and the project deliverables are clearly defined the project team can move forward with developing a project charter. A statement of work (SOW) will be developed and used as a primary source of procurement. During the solicitation phase, a total of five companies will be selected to bid on the project. The project will need to be completed by the first week of October. When the bids for the project have been filled out and returned to the project team, …show more content…
A PFIF contract will give incentive to the contractor to finish the project before the deadline to receive a bonus. If the project is not completed on time, Will is also protected with fees that will cost the contractor more money. If a deliverable is not meet or the features are not as outlined in the scope, the contractor will also have to pay fees to Will. If the project is completed on time and the agreements followed the incentive and project total will not exceed the $55,000, which will help to keep the budget on