Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete Exercise questions 1 through 4 found at the end of Chapter 13, CPM 4e. You must select a project that is available online or

Complete Exercise questions 1 through 4 found at the end of Chapter 13, CPM 4e.

You must select a project that is available online or in print from a news source within 6 months prior to the due date for this assignment. Provide an active link or an image of the source (including date) as evidence and place it as an appendix to your responses to the exercise questions. The link is https://www.cnet.com/home/smart-home/dont-laugh-off-the-tesla-bot-elon-musks-optimus-is-the-real-deal/

Use a question-response format for this assignment.

Provide in-text citation of all references.

Use APA writing style.

Point allocation will be as follows:

Source of project provided and within 6 months prior to the due date for the assignment - PASS/FAIL screen for the assignment.

1. Using the ideas in Exhibit 13.2, speculate on what activities, supplies, or services could be contracted out.

image text in transcribedimage text in transcribedimage text in transcribed
EXHIBIT 13.2 REASONS TO MAKE 0F! BUY REASONS TO MAKE ' REASONS TO BUY 1. Lower production cost 1. Frees project team to deal with other important 2. More control over quality and time activities 3. Lack of suitable suppliers 2. Ability to utilize specialized suppliers 4. Obtain a customized item 3. Flexibility in procurement 5. Utilize project team's expertise and time 4. Inadequate managerial or technical resources 6. Protect proprietary design or knowledge 5. Inadequate capacity 6. Small volume requirements EXHIBIT 1 3.4 FACTORS TO CONSIDER WHEN SELECTING A DESIGN-BUILD CONTRACTOR Component A: Process-related design-build contractor selection factors: PRIORITY FACTOR DEFINITION I Shorten Duration To reduce the overall project delivery time as compared to other project delivery methods II Reduce Cost To reduce the overall project delivery cost as compared to other project delivery methods III Reduce Claims To eliminate claims raised by contractors due to design errors or shortcomings IV Establish Cost To fix project budget early on, long before completing detailed designs and specications V Establish Schedule To fix schedule of project benets long before completing detailed designs and specifications VI Innovation To benet from the innovation opportunity created by designers and builders' interaction VII Reduce Coordination To reduce client risk and effort of coordinating between contractors and designers Component B: Organization-related design-build contractor selection factors: TECHNICAL MANAGERIAL FINANCIAL EXPERIENTIAL Know-how Brand Financial strength Design-build similar Expertise Culture Marketability projects Plant! equipment Trust! integrity Stability Diversity Sp ecialism Methodology Audit reports Resources Design capacity Organization Turnover Reputation Source: Adapted from Dr. Sheri! Hashem, \"The Power of DesignBuild- A Guide to Efective DesignBuild Project Deliv ery Using the SAFEDBMethodology\" (Business Expert Press: USA, August 2014). EXHIBIT 13.5 FACTORS USED IN ASSESSING POTENTIAL SUPPLIERS . Replenishment lead time: This is the lead time between placing an order and receiving the order, which can be translated into the required responsiveness for purchasing. . On-time performance: This affects the variability of the lead time. . Supply exibility: It is the amount of variation in order quantity that a supplier can tolerate without letting other performance factors deteriorate. - Delivery frequency and minimum lot size, which affect the size of each replenishment lot ordered by a rm. . Supply quality: A worsening of supply quality increases the variability of the supply of compo- nents available to the firm. - Inbound transportation cost: The total cost of using a supplier includes the inbound transpor- tation cost of bringing materials in from the supplier. . Information coordination capability affects the ability of a rm to match supply and demand. . Design collaboration capability. - Exchange rates, taxes, and duties can be quite signicant for a rm with a global manufacturing and supply base. o Supplier viability is the likelihood that the supplier will be around to fulfill the promises it makes. This consideration can be especially important if the supplier is providing mission- critical products for which it would be difcult to find a replacement. If a supplier has two key people who can each perform the necessary work, the second worker is sometimes consid- ered to be \"truck insurance\" in case the rst worker gets run over by a truck

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Management

Authors: Robbins, DeCenzo, Coulter

7th Edition

132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822

More Books

Students also viewed these General Management questions