Question.4182 - Unit 1 - Discussion Board 2 (75 points) Due: Thu, Jan 9 |Printer Friendly Version Description Primary Discussion Response is due by Thursday (11:59:59pm Central), Peer Responses are due by Saturday (11:59:59pm Central). Overview Sometimes, the best solution for accomplishing work or acquiring a component required for a project is to procure to outside sources. Some of the pros of opting for an outside source might include the ability to deliver a better product because the source may have expertise, or it may take the outside source less time than it would take if completed in-house. Some of the cons, however, are that there may be nondelivery, or specifications may not be met. Selecting the best provider or seller and having a contract with complete terms and conditions are a few of the best ways to accomplish a successful procurement experience. In this week's Discussion Board (DB), you will evaluate different types of contracts for a potential project deliverable that you intend to procure as part of an overall project that you will select in the Individual Project (IP) this week. Primary Task Response: Within the Discussion Board area, write 350–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. Research at least 2 sources (which may include your textbook) to support your response. Compare and contrast all of the types of contracts in your assigned readings. In your opinion, which is the best type of contract? Why? Which criteria would you use to determine whether it is better to contract out the work or develop it internally as part of the project? Include an introduction and a conclusion in addition to your 3 paragraphs. Be sure to include references, and format your submission in APA format. Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100–200-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions: What did you learn from your classmate's posting? What additional questions do you have after reading the posting? What clarification do you need regarding the posting? What differences or similarities do you see between your posting and other classmates' postings? For assistance with your assignment, please use your textbook and all course resources. Discussion Board Rubric Expectation Points Possible Points Earned Comments Application of Learning Material Content: Initial post demonstrates understanding of Learning Material content. 25 Application of Course Knowledge: Initial post contributes unique perspectives or insights gleaned from personal experience or examples from discipline. 25 DB Responses: Responds substantively to two posts. Responses encourage interaction in the Discussion Board and classroom community. 10 Organization: Initial post presents information logically and is clearly relevant to discussion topic. 8 Professional Language: Posts contain accurate grammar, spelling, and punctuation with few or no errors. (APA formatting is not required.) 7 Total Points 75 Total Points Earned View a downloadable version of the Discussion Board Grading Rubric.
Answer Below:
IntroductionProcurement xx a xxxxxxxx aspect xx project xxxxxxxxxx enabling xxxxxxxxxxxxx to xxxxxxx their xxxxxxxxxx efficiently xx outsourcing xxxx or xxxxxxxxx components xxxx external xxxxxxx The xxxx of xxxxxxxx selected xxxxx a xxxxxxx role xx ensuring xxx success xx the xxxxxxxxxxx process xx it xxxxxxx the xxxxxxxxxxxx between xxx buyer xxx the xxxxxx This xxxxxxxxxx explores xxxxxxx contract xxxxx evaluates xxx best xxxxxx based xx different xxxxxxxxx and xxxxxxxx criteria xxx deciding xxxxxxx to xxxxxxxxx work xx develop xx internally xxxxxxxxxx of xxxxxxxx TypesFixed-price xxxxxxxxx nbsp xxxxxxx a xxxxxxxxxxxxx price xxx a xxxxxxxxx deliverable xx service xxxxxxxxxx of xxxxxx costs xxxxxxxx Hendrickson xx al xxxx type xx suitable xxxx project xxxxxxxxxxxx are xxxxxxxxxxxx and xxxxxxx are xxxxxxxx While xx provides xxxx certainty xxx the xxxxx it xxxxxx the xxxx of xxxx overruns xx the xxxxxx Cost-reimbursable xxxxxxxxx nbsp xxxxxxx the xxxxx covering xxx seller's xxxxxx costs xxxx a xxx which xxx be xxxxx or xxxxx on xxxxxxxxxxx Price xxxx type xx ideal xxx projects xxxxx the xxxxx is xxxxxxxxx or xxxxxxxx While xx ensures xxx seller xx fairly xxxxxxxxxxx it xxxxxxxx close xxxxxxxxxx by xxx buyer xx prevent xxxxxxxxx costs xxxxxxxxxxxxxxxxxx T xxx M xxxxxxxxx nbsp xxx based xx the xxxx spent xxx materials xxxx by xxx seller xxxxx This xxxxxxxx type xxxxxxxx flexibility xxx is xxxxx used xxx tasks xxxxx the xxxxx is xxxxxxxxx or xxxxxxx However xx places xxxx financial xxxx on xxx buyer xx costs xxx escalate xx not xxxxxxxxx managed xxxx Contract xxxxxx my xxxxxxx nbsp xxxxxxxxxxx contracts xxxx are xxxxx the xxxx choice xxxxxxxxxxxx for xxxxxxxx with xxxxxxxxxxxx deliverables xxx stable xxxxxxxxxxxx These xxxxxxxxx provide xxxx predictability xxx minimize xxx buyer's xxxxxxxxx risk xxxxxxxx that xxx seller xxx a xxxxxx incentive xx complete xxx work xxxxxxxxxxx For xxxxxxx in x software xxxxxxxxxxx project xxxxx the xxxxxxxxxxxxxx are xxxxxxxxx a xxxxxxxxxxx contract xxxxxxx that xxx project xxxxx within xxxxxx while xxxxxxxxxx the xxxxxxxxxxx features xxxxxxx it xx essential xx note xxxx other xxxxxxxx types xxxxx be xxxx appropriate xx scenarios xxxxxxxxx significant xxxxxxxxxxx or xxx need xxx flexibility xxxxxxx et xx Criteria xxx Contracting xxx vs xxxxxxxx DevelopmentExpertise xxxx If xxx required xxxxxxxxx exists xxxxxxxxxx in-house xxxxxxxxxxx may xx more xxxxxxxxxxxxxx and xxxxxx better xxxxxxx Conversely xxxxxxxxxxx is xxxxxxxxxx when xxxxxxxx providers xxxx specialized xxxxxx Cost xxx Resources xxxx Evaluate xxxxxxx the xxxxxxxxxxxx has xxx financial xxxxxxxxx and xxxxxxxx to xxxxxxxx the xxxx internally xx not xxxxxxxxxxx may xx more xxxxxxxxx Timeline xxxx Outsourcing xxx expedite xxxxxxx delivery xxxx internal xxxxxxxxx are xxxxxxxxxxx or xxxxxxxxxxx Risk xxx Quality xxxxxxx nbsp xxxxxxxx development xxxxxx better xxxxxxxxx and xxxxxxxxx with xxxxxxxxxxxxxx standards xxxxxxx if xx external xxxxxxxx has x proven xxxxx record xxxxxxxxxxx may xxxxxxxx risks xxxxxxx For xxxxxxx an xxxxxxxxxxxx developing x marketing xxxxxxxx might xxxxxxxx with xx advertising xxxxxx if xxx agency's xxxxxxxxx is xxxxxxxx and xxx campaign's xxxxxxxx is xxxxx Conversely xx IT xxxxxxx with x skilled xxxxxxxxxxx team xxxxx choose xx build xxxxxxxx internally xx maintain xxxxxxx over xxxxxxx and xxxxxxxxxxx ConclusionChoosing xxx appropriate xxxxxxxx type xxx deciding xxxxxxx to xxxxxxxxx or xxxxxxx work xxxxxxxxxx are xxxxxxx decisions xx procurement xxxxxxxxxx Fixed-price xxxxxxxxx often xxxxxxx the xxxx balance xx cost xxxxxxx and xxxx mitigation xxx projects xxxx well-defined xxxxxx while xxxxxxxxxxxxxxxxx and x amp x contracts xxx better xxxxxx for xxxxxxx or xxxxxxx projects xx evaluating xxxxxxx such xx expertise xxxx resources xxx timeline xxxxxxxxxxxxx can xxxx informed xxxxxxxxxxx decisions xxxx align xxxx their xxxxxxx goals xxx deliver xxxxxxxxxx outcomes xxxxxxxxxxxxxxxxxxxxx C xxxx C xxx Au x Construction xxxxxxx and xxxxxxxxxxx nbsp xxxxxxx Management xxx Construction xxx Deconstruction xxxxxxxxxxxx Concepts xxx Owners xxxxxxxxx Architects xxx Builders xxxx https xxxxxxxxxxxxxx pressbooks xxx projectmanagementforconstructionanddeconstruction xxxxxxx construction-pricing-and-contracting xxxxxxx F xxxxxxxx M x amp xxxxx A x nbsp xxxxxxxxxx and xxxxxx management xxxxxxxxxxx Companies xxx Kerzner x nbsp xxxxxxx management xxxx studies xxxx Wiley xxx Sons xxxxx F x Types xx Contracts xxxx https xxxxx com xxxxxxxxxx uploads xxxxxxxxxxxxxxxxxx pdfMore Articles From Management
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