Examining the Vendor Bids

Sometimes, it's just more cost-effective (and easier) to hire someone else to do the work. Other times, the project manager has no choice because the needed skill set doesn't exist within the organization. In either condition, the vendors' bids need to be

Costs

Efficiency

Time

Figure 7-2 The learning curve affects the cost of efficiency.

analyzed to determine which vendor should be selected based on their ability to satisfy the project scope, the expected quality, and the cost of their services. We'll talk all about procurement in Chapter 12.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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