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
DRIVE
SPRING
2015
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 importance of project parties in project completion. (Discuss the
importance of the project parties in terms of their functions) 10
Answer:
Importance of Project Parties in
Project Completion: Project
parties play an important role in accomplishing the objectives of a project.
They are responsible for various functions, such as (i) initiating, (ii) planning,
(iii) executing, (iv) monitoring and controlling, and (v) the closing of
a project. These are the five ‘ Project Process Groups’ as per the Guideline
to Project Management Body of
Q2. What
is bidding? Describe the bidding process from the buyer’s perspective. (Define
bidding and mention the purpose of bidding, Describe 6 steps of the bidding
process from the buyer’s side.) 10
Answer:
Bidding: Bidding can be defined
as a process of setting a price that an individual is willing to pay for
buying a product or service (as in an auction) or for selling a product
or service (as in project tenders). It can also be defined as a process
to determine the price of a product, and it is mostly prevalent in auctions,
stock exchange and real estate. The purpose of bidding is to provide
Q3.
Explain the structure of a contract. (List the elements of the contract
structure, Explain the elements) 10
Answer:
Contract Structure: There are several
types of contracts in different industries. Contracts differ in their
terms
Q4.
Explain Co-operative Benchmarking Process (COBAP). (Explain the 8 steps of the
COBAP process) 10
Answer:
Co-operative benchmarking –an approach
to partnering: In
the case of partnerships, benchmarking can help in improving the performance
of organisations. The main motive for partnering is continuous improvement,
which is not possible without benchmarking. The Co-operative
Benchmarking
Q5.
Explain any 5 ways that contracts may be terminated or discharged. 10
Answer:
5 ways that contracts may be terminated or discharged : A
contract may be terminated/discharged in any of the following ways:
Termination
by Performance: A contract can be terminated by performance, which can be:
·
Actual: When the parties to the contract perform their promises in accordance
with the terms of the contract.
·
Attempted: When
·
Q6. What
are the different contract forms of PPP (Public Private Partnership). (Explain
the 4 contract forms of PPP) 10
Answer: The
4 contract forms of PPP: The
different contract forms of PPP are given below:
Management contracts: These contracts have a
short-term tenure of around 2 to 5 years. In these contracts, the public sector
retains the ownership of the contract and enters into an agreement with the
private sector for managing a whole or a part of a public enterprise. The
public sector uses the skills and expertise of the private sector in labour management
and procurement, service designing, operational control, etc.
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
