Acquired in the project management environment

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Reference no: EM131681833

Procurement and Vendor Management examines the processes and techniques through which goods and services are acquired in the project management environment.

(1) What are the key events in the pre-award phase from both the buyer and the seller perspectives?

(2) What factors should be taken into consideration as to whether or not to participate in a bid?

(3) Share any examples that you have from your own experience.

(3) What tools are available to make a wise bid/no-bid decision?

(4) What are some consequences of declining a bid on a particular project?

(5) Consider and explain the role of research as it pertains to a bid decision. How can research reduce risk?

Reference no: EM131681833

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