BBA 4326 Unit IV Essay Columbia Southern University Risks and Uncertainties There are many risks or uncertainties that can arise within the procurement process. According to Garret (2015), risk is expressed as exposure to harm and is associated with contingent events occurring or not occurring, and, can come in the form of uncertainty regarding a […]
BBA 4326 Unit VII Assessment QUESTION 1 Recall the quote from the unit lesson; Garret (2015) states “If the contract risk and opportunity assessment is unfavorable, the Contract Manager in conjunction with the Project Manager may search for ways to improve the opportunity and/or reduce the risk prior to contract award.” Using the contract management
BBA 4326 Unit VII Assignment Columbia Southern University Contract Management Maturity Model In relation to contract management, businesses require a great deal of maturity within the contract management processes in order to prevent problems and achieve success. Mature contract management processes describe “organizational capabilities that can consistently produce successful business results for buyers of products,
BBA 4326 Unit VIII Assessment QUESTION 1 Two of the steps in creating a world-class contracting organization are to hire, train, and retain outstanding contract management talent and to provide customized contract management training to achieve professional certification. Is this repetitive? If a company hires world-class contract management talent, does it also need to provide
BBA 4326 Unit I Assessment What are “economic-related adjustments” in the context of global pricing? How do those adjustments affect global pricing and selling processes, and why are they necessary? In the context of global pricing, economic-related adjustments are adjustments that are made to the prices of products from country to country. Prices of goods
BBA 4326 Unit I Scholarly Activity Columbia Southern University Introduction The goal of any company today is to succeed. But succeeding in business can mean many different things such as exceeding customer expectations, capturing a greater global market share, standing out amongst competitors in the market, reducing production costs, increasing revenue, reducing risks associated with
BBA 4326 Unit II Assessment What are the three major categories of resources for a business organization affected by the contract management process? 75 According to Garrett (2015) the three major resources for a business organization that are affected by the contract management process and that that businesses and organizations must strive to use most
BBA 4326 Unit II Scholarly Activity Columbia Southern University Introduction One of the main goals of almost any business organization today is the most efficient use possible of available resources, whether that be in labor, capital, or in money. It is essential that buyers make the best possible strategic decisions about how to best obtain
BBA 4326 Unit IV Assessment QUESTION 1 During the procurement planning step of the procurement process preaward phase, the buyer should consider relevant constraints. Describe at least two constraints a buyer might encounter in the procurement planning step for pricing contracts. Buyer step number one within the preaward phase is procurement planning. This step “is