Question

In: Operations Management

The CMMI-ACQ document stresses (page 77) the importance of the project management team being acutely aware...

The CMMI-ACQ document stresses (page 77) the importance of the project management team being acutely aware of the legal implications of actions taken. This pertains to the project managers (regardless of titles) of both parties, the buyer and the contractor. Yet it is common for the contractor to constantly have to say no to requests from stakeholders that go beyond the contract and the contractor’s legal obligations. This can result in the contractor getting a bad reputation among the stakeholders and can result in a non-renewal of the contract and a poor past performance report for the contractor. How can a contractor prevent this problem and protect itself from getting a poor reputation?

Solutions

Expert Solution

Answer

Unless, if his previous work did not sustain the product quality or whether we can tell the quality was not enough, the image of the entrepreneur has already been deemed poor, he has now entered a situation where his contract could be cancelled. The contractor needs to deal with this vital situation where he can manage it quickly if he feels that this contract involves constantly adjust and goes over the unintended limit if stakeholders calm down that "You 're a bad entrepreneur." "You 're a bad contractor."

I would recommend that he communicate that way, as we know, any company has to successfully and efficiently handle knowledge as well as processes. This helps a contractor / stakeholder to cut costs and maximize income by considering the project, but it can only be possible if the requirement has been frozen before contract and if there is any new or amended requirement, there should be a legal contract between stakeholders and contractors because there is no benefit if stakeholders cancel the current contract where possible.

Contractors are often entrepreneurs, so they are here to make some money like stakeholders do, so they do need to ensure the consistency of the goods that they can only do if contracts are good with stakeholders, so naturally contractors can also produce often more successful outcomes than anticipated. As indicated for this situation, where the requirement was changing continually, stakeholders would also be aware that this would create problems in all the realistic situation in which everyone needs the new amendments and the value, or works so that they can deliver effective results. Of course, if partners owe him a fair consideration and time then he will certainly do the same work he has done with this company for many years.

PLEASE LIKE THIS ANSWER, IF ITS USEFUL TO YOU! THANK YOU!


Related Solutions

summarize the importance of project management team and how they impact a project. 1 page please.
summarize the importance of project management team and how they impact a project. 1 page please.
The ________ is a document which describes how the project management team will implement the performing...
The ________ is a document which describes how the project management team will implement the performing organization's quality policy. Group of answer choices Quality management plan Quality assurance plan Quality audit Quality commitment
Describe the importance of being aware of your emotions and stress and being able to manage...
Describe the importance of being aware of your emotions and stress and being able to manage them during a crisis event while working in health care. What steps do you need to take to keep yourself collected and able to respond appropriately?
discuss the importance of being aware of your own motivation style and outline what types of...
discuss the importance of being aware of your own motivation style and outline what types of rewards would motivate you at work. use examples to further explain your answer
Discuss the importance of being aware of your own motivation style and outline what types of...
Discuss the importance of being aware of your own motivation style and outline what types of rewards would motivate you at work. Use examples to further explain your answer
Citizen Bank employees shows little trust for its management team and it is aware that information...
Citizen Bank employees shows little trust for its management team and it is aware that information is not shared and communication within the organization is insufficient. Chris Korr, was given the task by one of his managers to select and implement an investment management software at the Citizen Bank. This software is to be used to eliminate the use of paper and beef up departmental transactions. The department that responded to the software change were audit, compliance, investment and wealth...
Citizen Bank employees shows little trust for its management team and it is aware that information...
Citizen Bank employees shows little trust for its management team and it is aware that information is not shared and communication within the organization is insufficient. Chris Korr, was given the task by one of his managers to select and implement an investment management software at the Citizen Bank. This software is to be used to eliminate the use of paper and beef up departmental transactions. The department that responded to the software change were audit, compliance, investment and wealth...
Discuss the importance of the project resources management in project success
Discuss the importance of the project resources management in project success
Individual project details: 1. This project is to be a 2-3 page written document (plus citation...
Individual project details: 1. This project is to be a 2-3 page written document (plus citation page) answer the two questions outlined below. Understand your audience and their knowledge level so do not take the time to explain those concepts already known. There is wide latitude on how to approach the subject area and it will be necessary to know the subject matter well for a concise analysis along with the ability to discern important data from just information in...
Argue the importance of project management in brand communication projects
Argue the importance of project management in brand communication projects
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT