29 Jan Option #2: What if you spot a tren

PRM524 Applied Project Management Case

Module 6 Discussion

Choose one of the following:

Option #1: Your procurement team is planning to buy low light, network surveillance cameras and digital video recorders (DVRs) for the Genesis System Upgrade project. You must choose between using existing equipment from your internal inventory (several cameras older than five years) to create the network on your own and purchasing new equipment as a bundle from an outside supplier or set of suppliers. Use the Internet to determine a beginning supplier list to answer the following:

• What should go into the make-or-buy analysis?

• What are your seller selection criteria?

• Using cost benefit analysis, what are the pros and cons of sole source procurement versus competitive selection?

• Does the PMBOK® Guide provide guidance on make-or-buy analysis? If so, share at least one insight.

OR

Option #2: What if you spot a trend which indicates that most projects are initially very optimistic in their cost and schedule estimates (during the Initiating Phase), and when they develop a bottom’s up estimate (during the Planning Phase), it tends to be much higher (i.e., greater than 10% )? What conclusions would you make about your organization’s internal project performance management systems, and what courses of actions would you take in future projects? Explain your responses.