2-2 Final Project Milestone One: Analysis Overview and Contract Selection 349
Learning Goal: I’m working on a supply chain case study and need an explanation and answer to help me learn.
Review the attached case study & provide an overview meeting all critical elements in Section I of the final project, discussing why and how a procurement management plan would be useful in the procurement scenario selected. Then, considering all critical elements in Section II of the final project, discuss the contract types that could be used to execute the scenario. Select an appropriate contract type for your case study and justify your selection of the chosen contract type.
Specifically, the following critical elements must be addressed in your analysis:
I. Overview of Procurement Management Plans
a. Discuss the purpose of a procurement management plan.
b. Define the basic components of a procurement management plan.
c. Explain how each major component of a procurement management plan satisfies the project or organizational requirements in the case study that you have chosen for your final project.
II. Contract Types
a. Define each type of contract.
b. Assess contract types for their suitability for different types of projects (construction, design, services, products, etc.).
c. Assess contract types for their ability to maximize value and minimize risk for the buyer.
d. Select the most appropriate contract type(s) for the procurement plan in the case study.
Be sure to justify your rationale with research.