Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

consider a hypothetical business process that we might call Planning and Implementing a Construction Project. In this process, the company responds to RFPs (requests for

consider a hypothetical business process that we might call "Planning and Implementing a Construction Project." In this process, the company responds to RFPs (requests for proposals) from commercial property developers, and tries to win construction contracts by bidding for them. If it wins, the company must deliver what it promised, in the form of actual construction work. If the client (i.e., the developer) is satisfied with the company's work, it pays them after the work is complete. Roughly speaking, one might identify the following sub-processes as comprising the overall process -- RFP Publishing Proposal Submission Proposal Evaluation Contract Development Construction Work Delivery Work Evaluation Payment Execution Some of the above sub-processes occur at the client's end, some at our real estate company's end, and at least one of these sub-processes is conducted jointly. Can you identify which ones fall under each category? More importantly, discuss how the various sub-processes comprise a unified, integrated process, by means of information linkages among them. Think in terms of the information inputs and outputs of each sub-process. Whenever an information output of any particular sub-process serves as an information input into a different sub-process, that would be an example of an information linkage between those two sub-processes. Identify at least two such information linkages, between any pairs of sub-processes.

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

Management Accounting And Strategic Human Resource Management

Authors: John Innes, Reza Kouhy

1st Edition

1859714862, 978-1859714867

More Books

Students also viewed these Accounting questions

Question

Explain the forces that influence how people handle conflict

Answered: 1 week ago