Requirements in outsourced software development project

Assignment Help Supply Chain Management
Reference no: EM13303288

As correctly pointed on FP as the most used contract type in different industries, that it is preferred by many buyer organizations since the price for product/service is set at the kick off point and not subject to change unless the scope or specifications changes. However, under the FP contract, the buyer should precisely set up the requirements and specifications of the product/services to be procured. Otherwise, any changes to the procurement specifications and requirements can increase the cost to the buyer (PMI, 2013: p363).

In our scenario the specifications and requirements in outsourced software development project may change drastically throughout the project life cycle.

Consequently, I'd like to find out your thoughts by discussing on the effects of those changes in the specifications and requirements to the cost of managing the procurement under your selected form of contract. It is also recommended to consult with the "tips and techniques" placed in Sollish and S emanik (2012: pp.16-17).

Under this condition of uncertainty in specifications and requirements, in the event of picking fixed-price with economic price adjustment contract, then it would likely a greater opportunity of decreasing the project cost or rising the risks of cost increment?

Reference no: EM13303288

Questions Cloud

What is the half-life of this radioactive material : 25% of a radioactive material stays active after 4 hours. What is the half-life of this radioactive material
Define er diagram and database implementation : Development of an ER Diagram and Database Implementation- Course Objectives: This assessment task focuses on the following course objective -ITECH1006
Compute the kinetic energy of the aircraft : Type your question hereAn aircraft with a mass of 963 kg accelerates from 0 to 80 m/s in 8.1 seconds, What is the kinetic energy of the aircraft
Determine value of force f which result in zero displacement : A rectangular steel bar shown is fixed at the right end has a thickness of 20 mm. The temperature is increased by 20C and a force F is applied as shown midway along the bar. Use the properties E=200 GPa, a=12(10^-6)/C.
Requirements in outsourced software development project : Scenario the specifications and requirements in outsourced software development project may change drastically throughout the project life cycle.
Would the ytc have been most likely : Suppose the bond is selling at a discount rather than a premium. Would the YTM have bee the most likely return, or would the YTC have been most likely?
Determine the elongation of the plate under a tensile load : a flat steel plate of 10mm thickness varies in width from 150mm to 300mm over a length of 1.5m. Determine the elongation of the plate under a tensile load of 250KN
Calculate the density it will have in any ideal gas state : List the densities in solid, liquid and gaseous state. Also compare the densities for each of them and calculate the density it will have in any ideal gas state.
Determine the force and the distance : A 2.6-kg sphere of radius 35 cm is initially rolling on a flat surface with a speed of v = 0.40 m/s. Determine the force F and the distance l

Reviews

Write a Review

 

Supply Chain Management Questions & Answers

  How does apple benefit from such a change

It will need new power chargers, new products by suppliers such as iHome whose products have built in slots for charging etc. How does Apple benefit from such a change? How does it benefit suppliers of accessories?

  Marketing or logistics interface

Customer service is often the key link between logistics and marketing within an organization. Define and discuss the Marketing/Logistics interface. What role does logistics play?

  Procurement at the product conceptualization stage

Various specialists to ensure all procurement needs are met. In line with your debate, involving suppliers as those specialists in related area of procurement at the product conceptualization stage

  Show the process of procurement

What are the pros and cons of general and specific specifications and requirements in the process of procurement?

  Success of shoppers stop

What are the significant factors that have led to the success of Shoppers Stop and draw the typical profile(s) of Shoppers' Stop customer segments.

  Classify briefly different categories of procurement

Classify briefly different categories of procurement

  Calculate the allele frequencies of r and r

The flower color of a certain species of snapdragon isdetermined by one gene with two alleles, R (red) and r (yellow). Ina population of 200 snapdragons, you see the followingphenotypes.

  Holistic system of tqm management

Outline and critique how Samsung has introduced and developed a holistic system of TQM management and customer focused management.

  Determine the average time a guest spends checking in

Determine the average time a guest spends checking in. How would this change under each of the stated options and which option do you recommend

  What is the ionization state of this protein

Consider the tetrapeptide Met-Trp-Ser-Arg.

  Analyze key parameters of a company''s supply chain operation

Topic:  Analyze key parameters of a company's supply chain operations, suggest improvements, and predict the operational and economic impact of the changes.

  Critical success factors and swot

Contrast the critical success factors (CSFs) and SWOT (i.e., strengths, weaknesses, opportunities, and threats) approaches for assessing opportunities as part of a strategic IS planning process.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd