Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

My name is Regina, but I prefer Gigi. The five project management groups can also be used when buying a car, the initiation phase is

My name is Regina, but I prefer Gigi. The five project management groups can also be used when buying a car, the initiation phase is the start of the process when you realize you need to buy a car, during the planning phase is when you do research on cars to help decide what type of car you want to buy and why, during the execution phase you are now out physically looking at cars. The monitoring stage in this case would be test driving and comparing the reviews to the actual car as you test drive, confirming things like maintenance cost etc. The closing stage is when you purchase the car or close the deal. The requirements of this procurement were to find a safe reliable car that was not too expensive. Another contract that could be used to purchase a car would be a lease versus a sale contract. However, in the lease contract there would be additional things to consider like mileage, length of the lease and maintenance cost when returning the vehicle. Also, there would need to be a plan for when the vehicle is returned to ensure there is no gap in transportation.

In response to your peers' posts, comment on the characteristics of an effective procurement process and indicate what you may have done differently if you made this purchase.

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

Information Systems Today Managing In The Digital World

Authors: Joseph Valacich, Christoph Schneider

7th Edition

0133940500, 9780133940503

More Books

Students also viewed these General Management questions

Question

Find the median for the set of measurements 2, 9, 11, 5, 6.

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago

Question

2. What types of information are we collecting?

Answered: 1 week ago

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago