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At times, a project manager should estimate proposals from recognized vendors and make decisions based on project budget and schedule. It is necessary to find out how organization will determine best response to proposal's individual vendors?

IRTC has asked you to estimate customer service add-on vendor offered while still in negotiations for this project. Add-on will cost $25,000 and take the additional four weeks to install. Your manager has asked for opinion. The project is tracking along according to schedule and budget.

What do you require to consider before saying yes or no? Create a memo for your manager outlining how either decision would affect the project and factors that need to be discussed and agreed to by various parties involved in the project.

- What do you require to consider before accepting or denying vendor proposal?
- How would your decision affect overall project?
- Consider budget, schedule, and resources.
- What parties would require to be involved in this decision-making process?
- What significant factors would require to be discussed and agreed upon by different parties involved in project?

You can do this by performing the following steps:
- Create a project plan which covers all project groups and knowledge areas.
- Create project plans which integrate project procurement and contracting activities across project groups.
- Separate tasks into sub-tasks, and work package with stated durations and order of precedence.
Manage project scope throughout the project life cycle.

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M931954

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