Wednesday, 14 January 2015

pm0018 smu mba Winter 2014 IVth sem assignment

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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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