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DRIVE
WINTER
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 - B2014
CREDIT
AND MARKS - 4 CREDITS AND 60 MARKS
Q1.
Explain the essential elements of a project contract. (Discuss the TEN essential
elements of a project contract) 10
Answer: Essential
elements of project contract: We have studied that a contract is an
agreement enforceable by law. To be enforceable by law, an agreement
must possess the essential elements of a valid contract. These elements
of a valid contract are discussed as follows:
Q2.
Explain the steps involved in the contract closure process. (Explain the EIGHT
steps involved in the contract closure process) 10
Answer: Contract
Closure: Contract
closure refers to a process of accomplishing all the tasks as per the
terms and conditions mentioned in the contract. The steps involved in
the contract closure process are given below:
1. Collecting
contract documentation: In order to close a contract successfully, it is
important to
Q3.
What is an outsourcing contract? What are its key content? (Explain what is an
outsourcing contract, Describe its key contents) 2, 8
Answer: Outsourcing
Contracts: Outsourcing
a contract implies a process in which one party contracts a work to
another party. First, the outsourcer accepts the tasks given by the organisation.
Then, the contract is and involves key contents such as scope, conditions,
deliverables, etc.
Q4.
Discuss the process of procurement. (List the SIX steps of the procurement
process, Explain the SIX steps of the procurement process) 1, 9
Answer: Process
of Procurement: The procurement process includes the activities of
procuring goods or services, paying the bills, and closing the
procurement contracts. The steps involved in the
Q5.
What is contract management? Describe its important features. (Define contract
management, List and briefly explain the important features of a good
management contract) 1, 9
Answer: Contract
Management: Contract
management refers to the management of contracts by negotiating the
terms and conditions of the contract and ensuring compliance. It implies systematically
managing the contract creation and maximising the operational and
financial
Q6.
Write short notes on: 10
·
Software
development agreements
·
Bill
of quantities method of pricing project contracts
·
Reasons
for why an organisation uses standard form of contract
·
Post
bid review
Answer:
Software
Development Agreements
Software and IT
projects involve software testing, software development and software
maintenance. Most of the organisations use the services of software
organisations for installing, developing and maintaining software products. The
contracts are built among the organisations
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your
sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 700/semester only.
if urgent then call us
on 08791490301, 08273413412
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