Reference no: EM1343174
The firm will develop a sophisticated online web portal infrastructure which will support quality improvement programs in five plants in different locations of the company. The manufacturing operations will have to report progress, submit data, share ideas, measure and monitor quality improvement initiatives.
Describe how you will prevent or mitigate them. For the procurement management process, you will update your project schedule to include the extra tasks related to this work and develop a contingency budget component. For the contract administration process, you will supply the details for how you will manage the overall contract process, and define your relationship with the vendor doing the work including checkpoints and payments.
Procurement Risks
-Provide the list of risks related to the procured or contracted work.
-Rate the risks according to likelihood and impact.
-Include the mitigation strategy for each.
-Include potential cost of each if it occurs.
-Procurement Management Process
-Update the existing schedule or plan to include the additional tasks related to the deliverable that is now outsourced.
-Update the contingency budget to include additional costs that may be related to resolving risks.
-Design the overall communications process related specifically to the procured work.
-Contract Administration Process
-Evaluate the communications process through status meetings, how often they occur, and what information will be supplied.
-Explain each of the checkpoints and what reviews and sign offs will take place.
-Find the roles and responsibilities of both the vendor (seller) and the project manager (buyer).
-When problems arise, describe in detail what the process will be to solve them
|
Importance of data collection in project management
: By gathering data as work is executed, project managers can make decisions before the project is over and performance is presented to stakeholders
|
|
Health care administration-related questions
: Why is using Bayes' theorem important to help answer health care administration-related questions
|
|
Examine the organizations basic legal and social issues
: Project Management - Examine the organizations basic legal, social and economic issues
|
|
Select revenue generating project
: Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two options.
|
|
Develop a sophisticated online web portal infrastructure
: Evaluate the communications process through status meetings, how often they occur, and what information will be supplied and each of the checkpoints and what reviews and sign offs will take place
|
|
Keystone xl oil pipeline project corporation - income taxes
: Keystone XL Oil Pipeline Project Corporation - Income Taxes - show how deferred income taxes should be presented on the December 31, 2011, balance sheet
|
|
Evaluate the appropriate opportunity cost of capital
: First, Forecast the cash flows generated by project X over its economic life. Second, evaluate the appropriate opportunity cost of capitalr
|
|
Why are accurate estimates critical
: Explain why are accurate estimates critical to effective project management and what steps can project managers take to improve the accuracy of estimating projects?
|
|
Show the project management question
: What should be your competitive priorities and what capabilities do you want to develop in your own core and support processes?
|