Contracts and Procurement

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PROJ 410 Contracts and Procurement – DeVry

  1. (TCO 2) A firm should concentrate on its _____ processes while outsourcing its _____ processes. (Points : 5)
  2. (TCO 5) To assess the impact of a contract on both the buyer and seller, an analysis of exposure can be completed. Categories analyzed in this exposure analysis include all of the following except: ______. (Points : 5)
  3. (TCO 7) For most customers, requesting multiple bids is the preferred approach because it: _______. (Points : 5)
  4. (TCO 6) The Term, Contracting Party, Integration, Retained Assets, and Performance Standards are all: _______. (Points : 5)
  5. (TCO 3) What activities is the contract administrator responsible for in a contract situation? What about the project manager? (Points : 12)
  6. (TCO 4) What is the difference between the Cost-Plus-Fixed Fee (CPFF) and the Cost-Plus-Incentive Fee (CPIF) contract structures? (Points : 12)
  7. (TCO 6) List three commonly used evaluation criteria listed in an RFP and explain why a buyer would want this information before selecting a seller. (Points : 12)
  8. (TCO 8) What is an independent estimate and why should a buyer produce an independent estimate before selecting a seller? (Points : 12)
  9. (TCO 7) Describe the common sections of the RFP. (Points : 12)
  10. (TCO 2) Part 1: List and define the six phases of the project procurement management process. Part 2: How could you organize a simple project such as renovating a bathroom into the six steps in the project procurement management process? Part 3: The buyer determines the contract pricing structure during which step of the project procurement process? (Points : 30)
  11. (TCO 1) Part 1: Discuss the following types of contract pricing: (a) fixed price, (b) cost-plus price, (c) time & materials, and (d) unit price. Part 2: Explain the appropriate utilization of each contract pricing type and the impact of risk to the contracting parties. Part 3: What type of contract pricing structure misaligns the buyer’s motivations with the seller’s? (Points : 30)
  12. (TCO 3) Evaluate the most common business drivers for outsourcing business processes. Which two drivers would be among the most important? (Points : 30)
  13. (TCO 1) List and describe the directives to consider the process of outsourcing if you are a senior manager. (Points : 30)
 

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Human Resource Transitioning

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PROJ 410 Contracts and Procurement – DeVry

PROJ 410 Week 5 DQ 1 Human Resource Transitioning

As your textbook indicated, business process outsourcing has become an emerging trend in most small and large size corporations.  This has been particularly true during the last year and a half, as many companies have turned to outsourcing in order to reduce overhead costs during these recessionary times.  Identify some companies that you have been personally associated with, or companies you have read about that have gone through the outsourcing process for some of its business operations.  How did affected employees react to the outsource process? 

PROJ 410 Week 5 DQ 2 Globalization and Procurement

For most industries, globalization is arguably one of the more common business trends of the last decade.  As your text indicates, there are several considerations that must be evaluated from a contracting standpoint relative to multi-nation operations and contracting agreements.  Let’s take the various contracting considerations presented in your text (and outlined in this week’s slides), and lets discuss how they can affect U.S.-based firms seeking a BPO or subcontracting agreement with a foreign company on a region by region basis, including: Canada, Europe, Asia, South/Central America, Canada, and Mexico.  Based on your understanding and/or experiences in these other regions of the world, what do you think are contracting considerations that should be considered and addressed in the BPO contract?

 

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Human Resource Transitioning

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PROJ 410 Contracts and Procurement – DeVry

PROJ 410 Week 5 DQ 1 Human Resource Transitioning

As your textbook indicated, business process outsourcing has become an emerging trend in most small and large size corporations.  This has been particularly true during the last year and a half, as many companies have turned to outsourcing in order to reduce overhead costs during these recessionary times.  Identify some companies that you have been personally associated with, or companies you have read about that have gone through the outsourcing process for some of its business operations.  How did affected employees react to the outsource process? 

PROJ 410 Week 5 DQ 2 Globalization and Procurement

For most industries, globalization is arguably one of the more common business trends of the last decade.  As your text indicates, there are several considerations that must be evaluated from a contracting standpoint relative to multi-nation operations and contracting agreements.  Let’s take the various contracting considerations presented in your text (and outlined in this week’s slides), and lets discuss how they can affect U.S.-based firms seeking a BPO or subcontracting agreement with a foreign company on a region by region basis, including: Canada, Europe, Asia, South/Central America, Canada, and Mexico.  Based on your understanding and/or experiences in these other regions of the world, what do you think are contracting considerations that should be considered and addressed in the BPO contract?

 

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Contract Dispute Resolution

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PROJ 410 Contracts and Procurement – DeVry

PROJ 410 Week 6 DQ 1 Contract Dispute Resolution

Conflict resolution and conflict management is a common day-to-day activity in most projects and office environments.  As a group, let’s identify the top five sources of conflict in a BPO agreement for project management services.  Let’s identify one source at a time and discuss whether or not each of you feels it ranks in the top five sources of conflict.  As I read your exchanges, I will make a determination as to whether or not enough evidence has been provided to justify its inclusion into our top five list. 

PROJ 410 Week 6 DQ 2 Benchmarking

There are several ways to benchmark.  The two most common benchmarking tools are “performance benchmarking” and “best practice benchmarking.”  Consider a nationwide bank that has contracted with a seller to assess its current staffing and facility locations.  The goal of the contract is for the seller to produce a strategic plan that creates cost efficiencies for the bank by recommending (and implementing) areas to consolidate among staff and facilities.  (One recommendation may be to close down a bank branch that is located within three miles of another bank branch.)  This is a long-term contract stretched out over five years.  If you were the Project Manager in the bank, what benchmarks would you compare your seller to?  Are they performance benchmarks or best practices benchmarks?

 

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Operations Management

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“Inventory Management” Please respond to the following:

Analyze the purpose of inventory management as it applies to operations management, and then evaluate the advantages and disadvantages evident in the use of the ABC classification system. 

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Making Career Path Plan

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For this assignment, you will discover critical thinking is an important part of problem-solving, decision-making, and everyday life—personally and professionally.

Review the “Infographics” Lynda.com® video.

Write a minimum 350 word summary of your current career path or your desired career. 

Include the following: 

  • Describe a specific career goal or pathway that you would like to pursue.
  • Create a career plan in which you explain the decision-making steps required to achieve your goal.
  • Evaluate the effectiveness of your plan.

Create a decision-making process infographic for your plan in an appropriate format. This can be done using Microsoft® PowerPoint®, Microsoft® Publisher®, Microsoft® Word, or sites like Easel.ly®, Visual.ly, and PiktoChart®, or any other infographic software.  In your infographic, you must show the steps of your Decision Making Process.  Either post as a separate document along with your paper, or embed it into your paper.  If you use a ppt. slide, do not submit a “slide show”, just one slide showing your steps.

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Human Resource Service

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Evaluate two (2) advantages for a health care administrator to engage the services of a consultant to improve the functions of HR.

Use the Internet or Strayer Library to research current trends in HRM in health care organizations. Next, speculate which trend is driving the HR function with health care organizations. Provide support for your speculation. 

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Marketing Management

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Tell us about your company or product/service. What is your positioning statement? How do you distinguish your product or company from your competitors? How will you communicate the message of your positioning statement to your targeted consumer? Describe your ad and promotion.

Beautiful U2 is an American company that specializes in personal care products including body, skin and hair care. Its positioning statement reads: To all people who believe they have the power to be beautiful; we are the brand of inclusivity. A quality brand that provides affordable beauty products that make you feel beautiful too. That is because unlike conventional brands our products are safe and effective and recommended by professionals. Its Positioning statement will be included in all marketing material as to consistently communicate its message. Ads will be visible logo displays at company brick and mortar location. Online marketing will include ads and promotions visible to Facebook and Twitter audiences.

Question Two

· Develop a brief integrated marketing communications plan using traditional communications channels for your hypothetical business.

Beautiful U2 will remain actively engaged with its market. It will solicit feedback from online consumers and its brick and mortar customers. The data will be reviewed for opportunities to increase customer loyalty, address issues, gain new customers and assess “the voice of the consumer” comments for business development and growth.

Question Three

· How would you vary your ad for different media platforms? How would you vary the schedule to air it for maximum coverage with minimal expense?

The company brick and mortar location will also be supported with radio ads. Radio ads are more affordable than television and the audience is a captive audience; mostly drivers. As noted in the answer for Question Two; social media will be utilized for online audience ads and promotions as to keep costs to a minimum.

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Principles of Economics

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ECON 312 Principles of Economics – DeVry

Opportunity Cost (graded)

Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back to school. What alternatives did you consider? How did you arrive at your final decision? Did you implicitly weigh marginal cost and marginal benefit? How does the concept of opportunity cost apply to production possibilities curve (PPC) analysis? How can we use PPC analysis to examine what we do? 

Economic Systems (graded)

Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald’s, etc.). What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available, and why? How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems? 

 

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