Browsing All posts tagged under »Plan Procurements«

Dirty Consultant Tricks – Leaky Faucet of Billable Hours

October 5, 2012 by

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The leaky faucet, the sieve, the bleeding of billable hours – called different things in different settings they refer to the same concept, a consulting/ contracting company or resource who piles up time and material hours.  It’s also one of three dirty consulting tricks I’ve observed first hand in the last few years.  The irony […]

Request For Quotation (RFQ)

July 27, 2010 by

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A Request For Quotation is a seller selection process where the buyer knows what they need and specifies quantity, terms, even target price.  It is a companion, complimentary seller/vendor selection tool to the Request For Proposal.  You might use a RFQ at your work place and not even realize it.  For example purchasing 100 copies […]

Request For Proposal

July 24, 2010 by

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A Request For Proposal (RFP)  is a common way to select for a vendor based solution or product.  They are used when what is needed can be identified and described, but a detailed step by step method may not be known.  RFP’s may result in a fixed bid or cost plus performance contract awarded to […]

Time and Materials Contracts

April 20, 2009 by

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Time and Materials is one of three broad types of contracts—Fixed Price, Cost Reimbursable, and Time and Materials. Contract Types is a tool of the fourth edition PMBOK®’s Plan Procurements process. Time and Materials contracts are useful when the full scope of the project is unknown. They resemble Fixed Price contracts in that there can […]

Cost-Reimbursable Contracts

April 17, 2009 by

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As project managers work with procurements, it’s important that they understand the different types of contracts. Contract Types is a tool of the fourth edition PMBOK®’s Plan Procurements process. There are a variety of contract types falling under the general categories of Fixed Price, Cost Reimbursable, and Time and Materials. The types of Cost Reimbursable […]

Fixed Price Contracts

April 16, 2009 by

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Project managers increasingly need to be knowledgeable about procurement and contracts. Contract Types is a tool of the fourth edition PMBOK®’s Plan Procurements process. There are a variety of contract types falling under the general categories of Fixed Price, Cost Reimbursable, and Time and Materials. The types of Fixed Price contracts (as termed in the […]

Make-or-Buy Analysis

April 15, 2009 by

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The project management technique of deciding whether certain work should be performed in-house or whether it should be purchased is called Make-or-Buy Analysis. Make-or-Buy Analysis is listed as a technique for the fourth edition PMBOK®’s Plan Procurements process. A project manager may have a Procurement Management Plan for the project that offers guidance in making […]