Explain how you will interact with vendor in managing these, Ask an Expert

Management Studies

One of the risks you are waiting for the project was late delivery of prototype from vendor. You adjusted project schedule to minimize impact of risk, built in penalty for late delivery, and developed action plans in case vendor delivered late. You also recognized risk with vendor, that they have very little technical depth. If main engineer is not available to the project, risk of a delay is even greater.

describe how you will interact with vendor in managing these two risks:

How will you monitor engineer's availability risk?

How will you determine vendor's progress?

What information will you ask them to share with you? How often?

How will you know if circumstances is becoming critical? describe what will you do?

View complete question

Project Management, Management Studies

Category:- Project Management
Reference No.:- M933566

Have any Question?Write your Review or question?

Related Questions in Project Management

As a project manager answer these questions1 a how does the

As a project manager answer these questions, 1) a. How does the weighted scoring approach avoid the drawbacks of the NPV approach? b. Can the two approaches be combined? if so How? How are you going to apply this piece o ...

Read the microsoft word document and do the following1 a

Read the Microsoft word document and do the following. 1. A list of resources that will be used to complete the project plan, 2. The initial bibliography Attachment:- PROJECT PROPOSAL.rar

Case study and research project clairicationfinding a case

Case Study and Research Project Clairication Finding a case for the research project does not mean that you are limited to the company identified in the case. Rather it is to identify an issue identified in the case that ...

Define quality management philosophy and identify which

Define quality management philosophy and identify which quality guru worked with Toyota to make it a success?

Assessment descriptionyou are required to read a case

Assessment Description You are required to read a case study based on a fictional company and prepare a Performance Evaluation Video Presentation based on the information contained in the case study. The case study will ...

Advanced project risk managementaimthe aim of this

Advanced Project Risk Management Aim: The aim of this assignment is to: demonstrate the understanding of Decision Tree/Expected Monetary Value and the use of the software Precision Tree schedule a project using Oracle Pr ...

Part -1 define project and develop planperformance

Part -1 Define project and develop plan Performance objective Candidates will demonstrate knowledge and skills required to define projects and develop project plans. Assessment description Using the workplace scenario in ...

This is the brief for the third and final exercise for this

This is the brief for the third and final exercise for this project. Your group has been appointed as Project Manager by The Proprietary Very Limited Corporation (PVLC) to carry out development and feasibility analyses o ...

What is fast tracking and its impact on the project as it

What is fast tracking and its impact on the project as it relates to project management

What are the advantages and disadvantages of cost of poor

What are the advantages and disadvantages of Cost of Poor Quality (COPQ)?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Project Management Expert