Sunday, September 26, 2010

What exactly is a Proposal?

Proposals are:

  • Submitted by a potential seller.
  • Demonstrated an understanding of the procurement need, describe the seller's ability to provide the service or product and the detail the price for delivering the desired goods and/or service.

Friday, September 17, 2010

What are the major activities in Request Seller Responses?

What are the major activities in Request Seller Responses?

  • A method of expanding the number of potential sellers by publicly announcing the solicitation in general circulation publications.

Bidder Conference Meetings
  • allows the sellers to ask questions and get clarifications about the project and bidding requirements.
  • are also called vendor conferences, pre-bid conference or contractor conference.

Qualified Seller List
  • is part of organizational process assets.
  • will be sent only the pre-qualified sellers.

Introducing Request Seller Responses

Request Seller Responses:
  • When the project manager requests seller responses, he obtains quotations, bids, proposals, or estimations from potential suppliers of goods or services being procured.

  • The potential sellers must prepare and submit proposals in response to your requst.

Friday, September 10, 2010

What are the Considerations in Evaluation Criteria?

What are the Considerations in Evaluation Criteria?
  • Understanding of need
  • Overall or lifecycle cost
  • Technical ability
  • Management approach
  • Financial capacity
  • Project Management ability

What are Evaluation Criteria in PMP?

Evaluation criteria:
  • are the standards used to rate or score proposals, quotes or bids.
  • are objective and can be readily demonstrated and measured.
  • are subjective and open to different interpretations.

Friday, September 3, 2010

Request for Information (RFI)

Request for Information is:
  • develop lists of qualified sellers
  • gain more input for resources availability

Invitation for Bid (IFB)

What is Invitation for Bid?
  • When deliverables are commodities for which there are clear specifications
  • when the quantities are very large
  • is usually advertised

Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)