Quality, PMP, Procurement and Soft Skills Flashcards
In the concept phase we should discuss the project with the _____ and any other _____ we should ask them questions under the PESTLE banner
Project sponsor and any other key stakeholder
PESTLE Analysis looks for an analysis the various factors that affect an organisation in respect of ?
Political , environmental, sociocultural technological ,legal , economical
The pestle Analysis show be done throughout the project in particular when something ?
Changes
Procurement is defined as ?
The process by which products and services are acquired from an external provider for incorporation into the project programme or portfolio
The procurement strategy is defined as
The high level approach for securing the goods and services required from an external suppliers to satisfy project , programme and portfolio needs
At the start of the project we need to consider any ________ that may be required.
Contracts
The procurement process involves deciding on the requirements for the work and then establishing ?
A list of suppliers who could do that work
We usually qualify the supplier list making sure that they meet our required expectations perhaps taking up ?
References or checking financial status
When we have a list of suppliers is normal to send them an ______ to tender for the work . The suppliers reply to the tender and we evaluate the replies down to a shortlist. The shortlisted suppliers are invited for a meeting and then asked for their best and final offer . Once agreed we award a ______
Invitation
Shortlist
Contract
APM type of contracts : Comprehensive contract -
- One supplier provides everything
- The main risk here is that we have invested in a single source and hence a possible single source of failure
APM type of contracts : Sequential contract
- a supplier does the first part of the work and depending on performance may be awarded subsequent contract to complete the work or we may place the work elsewhere
- doing this can lead to problems with handover and the overall cost is likely to be larger
APM type of contracts :parallel contract
- we can manage a set of suppliers with parallel contracts , once to each specialist area and perform the management ourselves
- least expensive options but does require significant input from ourselves
APM type of contracts : Subcontract
- very common type of contract
- we let a contract to a supplier who then let’s part of it to another or sub contractor
- we need to understand that relationship and the way we can communicate with the sub contractor
Pricing mechanisms - lump sum
- the contractor quotes for the whole job and that is what we pay
- this requires us to specify what is required as the contractor is taking the risk
Pricing mechanisms - time and materials basis
- commonly used in emergency situations or when we are not able to specify our requirements
- the contractor is paid for all their time and materials sometimes with an additional profit element