write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
According to the PMBOK, a make-or-buy analysis is used to determine whether work or deliverables can best be accomplished by the project team or should be purchased from outside sources. Following that, a procurement strategy should be identified.
Conduct procurement is the process of obtaining seller responses, selecting a seller, and awarding a contract. A contract is defined as a mutually binding agreement between the buyer and the seller.
In 400-600 words, address the following for each of the bulleted items listed in the assignment descriiption:
What are three factors that can be considered in the make-or-buy process? Share an example on each and explain how it is used in the decision to make or buy the project’s product or service.
It is always a good idea to include the evaluation method in the procurement documents so bidders know how they will be evaluated. What are three commonly used selection methods in the source selection process? Share an example on each and explain how you would use it in real life
What are some of the most important components in an agreement? Share an example of some of the contract administrative activities and data techniques used in the control procurement process.
USE THE FOLLOWING AS ONE OF TWO REFERENCES –
Unit 4 Assigned Reading:
Project Management: The Managerial Process: Chapters 5, Sections 5.2-5.4; 13; & 16
