MBA FP6235 Assessment 5 1.docx MBA-FP 6235 MBA-FP 6235 Assessment 5-1 Procurement Manag

MBA FP6235 Assessment 5 1.docx  MBA-FP 6235  MBA-FP 6235 Assessment 5-1  Procurement Management Plan  Cappella University  For this assessment, you will develop a 10“15-page best  practices plan to manage the procurement and contract cycle. It is important  that you demonstrate your understanding of the various facets of real-world procurement management in the plan that you develop.  Note: You will use the same project  that you selected for your work in Assessment 2 as the basis for your procurement management plan in this assessment.  After signing the contract, it is time to gauge performance. If you sought  equipment, was it delivered on schedule? Was it properly installed? What about problems with the installation? These things were spelled out in the contract, right? The easiest (and  best)  equipment installations are  those you monitor closely. Certainly, the vendor  is legally obligated to deliver, but it is up to you to implement progress checks.  What if the prime contractor subcontracts part of the work and the subcontractor does not perform? What do you do?  Can you replace the nonperforming party? Even if these terms were specified in the contract, you need to escalate a response before  the project falls too far behind. If all goes as planned, you still need to track project performance. In addition,  you must  check  whether the contractors are working 40-hour  weeks or 60-hour  weeks. More importantly,  you need to know (a) how much time they are  billing, and  (b) if they are  making adeq