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quality based selection qbsin the previous section you learnt that qcbs is used for common and not too complex project where both technical and
quality and cost based selection qcbswe will now learn about the features of qcbsqcbs is a method based both on the quality and the cost of the
methods of selection of consultantswe discussed about the steps involved in the procurement of consultant in previous section we will now discuss the
steps involved in the procurement of consultantslet us discuss the process to procure a consultantonce you identify the assignment and decide to
types of consulting servicesthere are various types of consulting services and you have to distinguish between professional consulting services and
requirements to select a consulting servicenow that we know why consulting
consultants and need for consulting servicesconsultants are professionals with required skill who can be employed on project basis growth of
constraints to successful merger integrationsuccessful merger integration involves a number of constraints some of the key constraints
the merger processwe learnt how to aligning m and a with corporate strategy now let us study how the merger process takes place the merger process is
there are numerous reasons for a company to peruse m and a some of them are listed below the m and a are undertaken to achieve specific financial
aligning mergers and acquisitions with corporate strategyin the previous section we learnt about the motives for acquisition in this section we will
acquisition motivesin the previous unit you learnt about the history of m and a all the companies do not always have acquisition strategies and not
history of mergers and acquisitionin the previous section we had an overview of merger and acquisition in this section we will cover its history the
acquisitionan acquisition is slightly different from a merger unlike all mergers all acquisitions involve one company purchasing
mergersmerger happens when two companies mostly of the same size agree to go forward as a single new company in the best interest of both the
mergers and acquisitionmergers and acquisitions m and a is a corporate finance strategy that helps companies to attain their objectives and financial
termination of contract and conditions for terminationone event which can arise in contract performance management is an extreme
change order managementin previous section we learnt that incentives motivate and penalties keep a check for faults that occur in a project in this
incentivesthese are rewards given when vendorcontractor exceeds your expectation incentives should increase contractors profit incentives can be
penaltypenalties should aim at fixing a problem when it arises and ensuring that it does not recur guidelines to note while stipulating penalties are
areas of risk and causes of riskbelow are mentioned few areas and causes of risk the term bdquooperator used in this listing means the owner you who
risk classification based on where risk control liesfrom the point of view of where risk control lies five classifications of risk can be listed
controlling risksrisk management is not just providing for uncertainties - it is management of risks considering the combination of the probability
contract close-out contract close-out begins with checking for physical completion ie whether all services have been