Please respind to the two discussion post down below. Each respons shpuld be around 100 words. Thos is from the same assignment you did last week.
THIS IS WHAT THEY RESPONDED TO: DO NOT RESPOND TO THIS:
Answer/comment on the following:
Discussion #1: How can the way that you define the “deliverables” due in a contract, aid you in reducing risk? Describe a situation where a poor definition of the deliverable caused you problems.
Discussion #2: Why can defining and estimating “activity” be so difficult? Describe a situation where a poor estimate of activity caused you problems.
RESPOND TO EACH DISCUSSION:
1. Being able to define deliverables can help us minimize risk by ensuring that everyone understands exactly what needs to be done. For example, if a deliverable was supposed to be done in 4 months with proper planning but ended up taking a year, the risk and exposure that the organization will take on will be monetary, and the bandwidth it took to complete the deliverable. One of the most interesting tools to come up with was the PERIL analysis, which I plan to implement in future projects. One example I experienced was poor definitions of a deliverable, which caused problems among the interns. This eventually turned a $100 expense into a $700 expense. Defining an activity can be tricky because if this task can be worked on or done within the time it takes to explain the task, it would be better to execute it yourself.
2. How can the way that you define the “deliverables” due in a contract, aid you in reducing risk? Describe a situation where a poor definition of the deliverable caused you problems.
Contract deliverables eliminate the risk for a company. Contract deliverables are the subject matter that describes the sales or services of a contract. The result of a deliverables contract is to see that the products are deliverable. These deliverables contracts must be officially reviewed, registered, submitted, and improved before the customer accepts them and pays. In other words, if all the procedures are done correctly, the company reduces the risk to its customers. For example, I purchased a set of garden tools, and the first time I used them, they fell apart at the welding point. As a customer, I was disappointed that I had paid good money for a product I could not use. I did not purchase any more products from that store.
