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Organizations outsource projects or sections of projects

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Reference no: EM131646384

The project manager is normally responsible for developing a request for proposal (RFP) or Request for Quote (RFQ) for the project or sections of the project. Using the Appendix 2.1 description from  Larson's and Gray's textbook and Project Procurement Management - chapter 12 from Schwalbe's textbook please answer to the five questions listed below:

1. Identify major reasons why organizations outsource projects or sections of projects?

2. Why, how, when and where RFP or RFQ are use in the project process? Define briefly the difference between RFP and RFQ.

3. What is the core content of the RFP - briefly describe the main elements?

4. What is involved in the selection of contractor from bid proposals (RFP or RFQ)? Describe the steps in the selection process.

5. What is the main purpose of a procurement audit? Identify adequate change control on projects that involve outside contracts.

Reference no: EM131646384

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