Writing Homework Help

Develop a decision matrix, select a contract for your turnaround
project, and provide a rationale and a statement of work (SOW) for the
turnaround project.

This portfolio work, procurement contract analysis, selection and
administration, is based on your selected business or IT project. You
may choose to base your assessment on the Revive LLC case study, for the
development of a new online employee orientation module, or you may
select an organization of your own choosing. Business and information
technology (IT) employees as well as contractors will be utilized in
this project.

Through the project procurement process, various types of
contractual agreements between the seller and buyer should be reviewed
and analyzed, with the most appropriate contract type being selected.
Contracts are legal agreements that bind both parties to specific
deliverable, time, and costs obligations. There are three types of
contracts: fixed-price contracts; cost-reimbursable contracts; and time
and material contracts. Each type has advantages and disadvantages. You
will find out and decide the best type of contract after considering the
circumstances, timing requirements, budget availability, and market
conditions that suit your organization.

Contract administration is the process that ensures the supplier or
vendor meets the contractual requirements. It is simply a matter of
monitoring the performance against the agreed upon plan (contract). It
is essential that project managers involve the contracting (legal) and
procurement (purchasing) experts in the administration of the contract.

As part of the contract evaluation and selection process, a detailed
description of the work required, including (but not limited to) scope,
time, and quality, is defined in a document called the statement of
work (SOW). The types of SOW documents and their associated components
will be evaluated in this assessment.

Scenario

Option A: Project Revive LLC Scenario:

At this point in the process, you need to help NearlyFree.com
recognize different contract types and make the right selection for the
turnaround project. As the consultant for Project Revive LLC, your final
task will be to create the statement of work (SOW) that describes the
expectations for the new employee orientation product the third-party
vendor will provide. Note: the various resources needed for this
assessment are linked below.

Although you have a lot of experience preparing statements of work,
NearlyFree.com has not completed this part of the procurement process
before. So, as part of your services, you will guide NearlyFree.com
through this process. Your task is to help your client recognize the
benefits of a good SOW and the risks associated with a “poor” SOW.

Your Role

You are the project manager.

Requirements

Use the PMBOK® Guide as the model for developing the deliverables.

Part 1: Project Contract Analysis

Deliverable: Develop a decision matrix, select a contract for your turnaround project, and provide a rationale.

• Develop a decision matrix to determine the best type of contract
  for the project considering the circumstances, timing requirements,
  budget availability, market conditions, and availability.
• Select a contract for this project and explain your selection.

Part 2: Statement of Work (SOW) Analysis

Deliverable: Create a statement of work (SOW) for the turnaround project.

Prepare a contract statement of work (SOW) describing the product or service to be supplied by a third-party vendor.

• The statement of work is your opportunity to clearly communicate
  your requirements and expectations. Refer to similar products on the
  Internet for realistic information to use in your statement of work.
• You may wish to use this optional Statement of Work Template [DOC] to complete this task.
• You may use other formats, if the information thoroughly addresses the expectations and requirements of the product or service.

The SOW should address the following aspects related to the product or service to be procured:

• Specifications.
• Approach.
• Scope.
• Roles and responsibilities.
• Product and deliverables schedule.
• Deliverables and costs.
• Change control.
• Acceptance management.
• Quantity.
• Quality standards.
• Performance data.
• Work location.
• Period of performance.
• Contract to be used.

Preparation

Use the software of your choice to develop the deliverables for this assessment.

This assessment has two deliverables:

1. Develop a decision matrix, select a contract for your turnaround project, and provide a rationale.
2. Create a statement of work (SOW) for the turnaround project.

Deliverable Format

• References: There is no set number of references required for this
  assessment. Use scholarly or academic sources where applicable.
• Format:
  • Microsoft Project is not required for this assessment. This assessment has two parts and two deliverables.
  • Use your choice of MS Word, MS Visio, or MS PowerPoint to develop the comprehensive analyses
  • These analyses are professional documents and should therefore follow the corresponding Academic and Professional Document Guidelines [PDF], including single-spaced paragraphs.
  • Use APA style and format for references and in-text citations.

Evaluation

By successfully completing this assessment, you will demonstrate
your proficiency in the following course competencies through
corresponding scoring guide criteria:

• Competency 2: Apply project procurement tools and techniques to ensure project success.
  • Develop a matrix to analyze project procurement requirements for selecting a contract.
  • Justify procurement contract selection for the procurement situation.
• Competency 4: Communicate effectively in a professional manner consistent with the standards of project management.
  • Prepare a contract statement of work (SOW) describing the product or service to be supplied by a third-party vendor.