Discuss the below:
1.) All the below are tools and techniques of conduct procurement, except bidder's conferences, negotiations, and advertising. analytical techniques, expert judgments, and evaluation techniques. estimates, bidder's conferences, and evaluation techniques. negotiations, make-or-buy decisions, and advertising.
2. Proper selection criteria are critical for a successful project. All of the below would be considered good selection criteria for a buyer to use to select a seller, except managerial approach of seller, references of seller, and ability of seller to make a reasonable make-or-buy decision. past work done by seller, intellectual property rights, and risk associated with a given seller. technical capability of seller, understanding of work by seller, and business type of seller. financial capacity of seller, overall cost, and warranty offered by seller.
3. Why are the project scope statement and WBS inputs of plan procurement?
4. A seller's financial capacity is often one of the buyer's selection criteria. Why is this an important consideration for a buyer?
5.Awards and incentives are commonly used in contracts. Are these simply just two different way of saying the same thing, or are awards and inventive contracts different?
6. Compare and contrast competitive and noncompetitive approaches to contracting.
7. You have been assigned the task of creating an RFP. Your project sponsor insists you do market research before writing the procurement SOW. How might this market research contribute to the procurement SOW?
8. You have received back the bid proposals from prospective sellers. You are ready for source selection. What is source selection, and why is it important
9. What are the five ways that a contract can end? Please provide an example of each.
10. Describe and explain the four processes in the procurement management process from the buyer perspective, as shown in the PMBOK® Guide.
11. You are a potential seller for a large project. You have just exited the bidder's meeting. What are some items you would likely consider before making your bid or no-bid decision?
12. Fixed-price, cost-reimbursable, and time and material contracts are all potential agreements that could be reached between organizations. Describe each type of contract, and explain the range of risk for each of these types of contracts.
13. You are reviewing procurement models and you notice that there are three types of procurement statements of work. What are the three types of procurement statements of work? When is each appropriate for a given contract?
14. Explain whether procurement documents should be rigorous, flexible, or a combination of the two, and justify your answer.
15. You are the project manager for a major IT project. You believe your contractor in a fixed-price contract is behind schedule. You decide to do an unannounced inspection of the work of the seller on the job site. Would you legally be permitted to do an unannounced inspection of the seller's work?
16 "The side that does the most research and planning will often come out best in any negotiation." Do you agree with this statement? Do you disagree with this statement? Defend your position with examples and other information.
17. Under U.S. and international law, all contracts must contain five elements or satisfy five requirements. List and explain each of these five elements.