PM 0018 —CONTRACTS MANAGEMENT IN PROJECTS
ASSIGNMENT
DRIVE | FALL 2014 |
PROGRAM | MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDPMN (SEM 2) |
SUBJECT CODE & NAME | PM 0018 —CONTRACTS MANAGEMENT IN PROJECTS |
BK ID | B1347 |
CREDIT AND MARKS | 4 CREDITS AND 60 MARKS |
Q.No | Criteria | Marks | Total Marks |
1 | What is procurement management? Explain the basic steps in procurement process. | ||
A | Definition of procurement management
Explain the six basic steps of procurement process |
2.5
7.5 (1.5 marks per step) |
10 |
2 | Explain condition for adopting National Competitive Bidding and the requirements of
National Competitive Bidding. |
||
A | Explanation of
Competitive Bidding and
Bidding |
4
6 |
10 |
3 | List the features of Item Rate contracts and demonstrate how they are different from
Lump Sum contracts. |
||
A | Listing of features of Item Rate contracts
Differences |
5
5 |
10 |
4 | What is RFP? What are the types of consultancy contract? | ||
A | Definition of RFP, What it includes
Description of types of consultancy contracts, where it is best suited |
5
5 |
10 |
5 |
Briefly explain the areas of risk and causes of risk in contracts. Briefly describe five conditions for termination of a contract. |
||
A | Explanation of various risks
Description of conditions for termination of contract |
5
5 |
10 |
6 | What is outsourcing? What are its benefits and draw backs? Write short notes on
contract compliances |
||
A | Explanation of outsourcing, benefits and
drawbacks
Short notes on contract compliance |
5
5 |
10 |
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