Review the following articles:
Objective:
Assess the effectiveness of a project's contracting and procurement strategy.
Click to read 7 Tips for Rating and Evaluating Your Suppliers and Vendors
https://www.inc.com/guides/2010/12/7-tips-to-rate-and-evaluate-your-suppliers-and-vendors.html
Click to read Vendor Management Tips: Building Relationships
https://www.computerworld.com/managementtopics/management/story/0,10801,99816,00.html
Answer the given questions:
Q1. In your opinion, which of the identified criteria discussed in these articles are the most important? Rank/order the criteria according to the order of importance.
Q2. What are the other criteria not listed in the article that you consider important and why?
Q3. Is a scale a good method for scoring the criteria? If so, what kind of scale?
Q4. What methods would you use for evaluating your listed criteria in a project management context?
Objective:
Assess the effectiveness of a project's contracting and procurement strategy.