User Account

All Pages

Focus on budget and vendor risks

Assignment Help Operation Management
Reference no: EM132871248

The project is moving along with the normal set-backs-nothing major, until today. In your regular status meeting with one of your project vendors, the account manager, George, closed your door and told you that you have a problem. One of his developers, Patrick, was approached by one of your team leads and asked to do something that goes against his ethics and may possibly be illegal.

Patrick was given a strong message that if he continues to run over budget on his hours, a client will not do any further work with his company. On the other hand, if he is able to finish the work within his given budgets, things will be fine. Patrick feels that he was being asked by the team leader to expend some of his hours and not bill all of them. Because the contract is a time-and-materials fee structure with a clearly understood/agreed-upon cost range, George feels that your team lead is trying to violate the contract.

Answer the following questions:

How will you respond to George, Patrick, and your team lead?

Explain what actions you will take to remedy the situation, and describe what risks may result from those actions.

Focus on the budget and vendor risks you identified and determine what you have learned that will prevent this from reoccurring in the future.

Reference no: EM132871248

Questions Cloud

Prepare the appropriate journal entry to record disposition : Accumulated Depreciation on the machine to the date of disposal was $28,000. Prepare the appropriate journal entry to record the disposition of the machine
What is the net income for tax purposes : The capital cost allowance CCA computed on all other depreciable assets was 7,500, what is the net income for tax purposes
Create an argument in favor to the use of electoral college : Electoral College vote differed to create an argument in favor of or opposed to the use of the Electoral College (Identity solid background on election)
Compute the profit margins for each division : Low Carb Diet Supplement Inc. has two divisions. Division A has a pro?t of $134,000 on sales of $2,310,000. Compute the profit margins for each division
Focus on budget and vendor risks : Focus on the budget and vendor risks you identified and determine what you have learned that will prevent this from reoccurring in the future.
What are the advantages of grass-roots human rights approach : What are the advantages of grass-roots human rights approaches? Do you think this type of approach ultimately helps or hinder human rights enforcement?
Bidding process for contract : What do you think would be the reasons for the supervisor to continue with the bidding process for the contract? Explain.
Prepare for effective-successful contract negotiation : Organizations with clear techniques of negotiation of contracts help managers prepare for effective, successful contract negotiation
What are the various tools provided by strategic planning : What are the various tools provided by strategic planning approaches that organizations can use to promote relative internal security and stability?

Reviews

Write a Review

Operation Management Questions & Answers

  The cultural diminision of global business

Explain which three you think are the most important and why. Give one or two suggestions for coping with culture shock that are not in Ferraro and explain why you think they should be included in the list.

  Mentioned phenomenon on the economy and labor market

During the crisis and ensuing recession, U.S. consumers increased their savings as they paid down debt ("deleveraged") but corporations simultaneously were reducing their investment.” What are the consequential effects of the above mentioned phenomen..

  Authentic leadership

Featured Guest: Bill George, Harvard Business School professor and author of True North: Discover Your Authentic Leadership.

  Describe how services are different from goods

How are expectations of a tourism service formed? Describe how services are different from goods. What can management do to ensure high-quality service?

  Submit bid to produce fifteen special clamps

You have been asked to submit a bid to produce fifteen (15) special clamps for a new die that is under construction.

  Is the security under the agreement still enforceable

You now discover that Bill Barkers full name is actually William Barker. Is the security under the agreement still enforceable?

  Service-disabled veteran

You are a service-disabled veteran and made your hobby of building model airplanes into a small business that produces very small remote control

  Hazard communication standard

Compare and contrast the training requirements in the Hazard Communication Standard (HAZCOM) (1910.1200) and the Lead Standard (1910.1025).

  What are root causes of your excessive over time expenses

What are the Root Causes of your Excessive Over time expenses. List them all

  How do you define the right supplier

How do you define the "right" supplier? What are the most important attributes of the "right" supplier?

  Pros and cons inherent to data collection for business

Do you think that the NSA has gone too far in its surveillance activities? Why or why not? What are the pros and cons inherent to data collection for business or national intelligence?

  Amazon consider before launching any initiative

What considerations "must" Amazon consider before launching any initiative to do anything overseas?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd