Posted: August 29th, 2022

Contract Finalization

  
ACME Development Corporation (ADC), a developer of custom homes and apartment complexes, has decided to standardize its project management practices and processes across its national organization. The goal is to standardize with one single project-scheduling tool and to have the tool installed and be operational within 90 days. To this end, the company is forming a central project management office (PMO). Until now, project managers (there are 40 presently on staff distributed all over the United States) have been able to use whatever scheduling tool they liked, within their budget constraints. They have also been able to buy equipment and engage contractors at will. The PMO will be determining one scheduling tool that all PMs will be expected to use, exclusive of any other scheduling tools. The PMO will also develop and implement a standardized procurement process. Because the PMs are located across the United States, a Web-based solution seems likely to be the most successful tool.
As the project manager, you have been charged with implementing the procurement process, and you decide that your first project will be purchasing the scheduling tool for ACME Development Corporation.
PMI is one of the world’s largest not-for-profit membership associations for the project management profession. Our professional resources and research empower more than 700,000 members, credential holders, and volunteers in nearly every country in the world to enhance their careers, improve their organizations’ success and further mature the profession.
PMI’s worldwide advocacy for project management is reinforced by our globally recognized standards and certification program, extensive academic and market research programs, chapters and communities of practice, and professional development opportunities.
What kind of contract will you pursue for each of the following purchases related to this project? 

Hiring technicians to install and configure the      software for your environment 
Hiring a training entity to teach the student PMs the      mechanics of using the new tool 
Buying a new server and software to run the tool and      house the project database 
Hiring tool usage experts to transfer knowledge to the      student PMs about the use of the tool on the job for the first 60 days      after going live 
Planning for the removal and disposal of the scheduling      tool software and hardware that are no longer to be used 

Assignment Guidelines

In 600 words, address the following for each of the 5      bulleted items listed in the assignment description: 

Which contract type is the most appropriate for the       product or service purchase? 
How would you effectively justify your selection to       other project managers? 

What arguments might they use to debate your        selection? 
How would you effectively address those arguments? 
What risks are associated with the type of contract       selected? 

Explain exactly how you factored these risks into        your selection. 
What general purposes and functions does       the contract type address? 
How does the selected contract meet the project       objectives? 

Be sure to reference all sources using APA style. 

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