Project Work Flashcards
Bid Documents
All documents used to solicit information, quotations, or proposals from prospective sellers.
Bidder Conference
The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. AKA Contractor Conference, Vendor Conference, or Pre-bid Conference.
Explicit Knowledge
Knowledge that can be codified using symbols such as words, numbers, and pictures.
Tacit Knowledge
Personal knowledge that can be difficult to articulate and share such as beliefs, experience, and insights.
Lean Production Methods
Lean production uses techniques such as value stream mapping to measure the ratio of value-adding activities and non-value adding activities. The metrics calculated form a basis and measurement system for identifying and removing waste from production systems.
Example of Non-value-added Work
Example: A PMO wants to track the type of work project team members are doing. They ask the project team to record the type of work they are doing in specific categories on their time sheets. The time taken to categorize and record their time can be viewed as non-value-added work.
Types of Constraints
Fixed delivery dates, compliance to regulatory codes, a predetermined budget, quality policies, considerations of the triple bottom line.
Goal of Balancing Constraints
Delivering the best value at the lowest cost.
Logistics Plan
A logistics plan describes how the company policy will be implemented on the project.
Supporting Documentation for Logistics Plan
Includes estimates for the type of material, basis of estimates, expected usage over time, specifications for grade, and the time and location for deliveries.
Objectives for Physical Resources
Reduce or eliminate the material handling and storage on site
Eliminate wait times for materials
Minimize scrap and waste
Facilitate a safe work environment.
Where is the plan for physical resources included?
In the master project schedule.
Request for Information
Used to gather more information from the market prior to sending out bid documents to a set of selected vendors.
Request for Proposal
Used for complex or complicated scope where the buyer is looking for the vendor to provide a solution.
Request for Quote
Used when price is the main deciding factor, and the proposed solution is readily available.