sath pm discussion 2 and replies
Students must read the case study “To Bid or Not to Bid” on page 1011 and then answer the questions on page 1012.
words :250 (attached textbook)
and also provide replies to below 2 student posts each in 125 words
lohit – 1.
Marvin was the (CEO) of a company. In order to make the bid or no-bid decision, there are many factors that Marvin and his entire team should consider to make an objective, instead of subjective choice or decision. Some of these factors are given below:
· If Marvin’s corporation would willingly choose not to bid, it has to reflect that any other corporation can bid for the specific project also possibly benefit through bidding. The key cause is Marvin’s corporation is not the only company that has to issue its detail cost examination of that specific project to the client, but also all corporations have to show their cost analysis results.
· Marvin has to make sure that his company has a comprehensive and accurate account of its annual equipment and labor costs so that he correctly evaluate the job cost. Once calculating that costs, be sure to comprise taxes, workers’ comp, insurance, vacation wage, equipment and tools and all supplementary benefits, the company provides to his employees.
· Marvin’s corporation can also research whether there is a strategy to get more profit-margin through following the customer’s cost model as it is an enduring contract for ten years.
· Marvin has to reflect whether his corporation loses its brand value if it does not participate in the proposal as, in the referring industry, the corporations must be lively during getting projects else the status reduces between clients (Kerzner, 2017). So, these are some key factors that Marvin and his team should consider.
2.
Yes, they should bid on the job as it provides them many benefits for better growth and productivity. This may help them to get a ten-year contract which was bigger than any other agreement that his company had ever get. It also provides an exceptional cash-flow stream for the upcoming 10 years. The decision becomes very beneficial for establishing a possible standard for understanding many other significant contracts. As it is an agreement with a main client, Marvin’s corporation’s reputation will also rise during consulting the business, also this, in order, attracts more customers. The company performance will increase through refining their assessment of agreements by the bottom-up method (Kerzner, 2017).
summeth 0 1.
Marvin must consider several reasons before bidding:
· Long-term business strategy – The new strategic plan consistently allows Marvin to attain the long-standing goals in his activities and in sustaining his company.
· Aptitude – In order to create a cash assignment arrangement, Marvin and his entire group need to correctly identify their skills and cost configuration together with reserve distribution.
· Profitability – Profitability is the most crucial feature in some occupations. Margin income seems to be small on existing and possible contracts, but on the wide-ranging market and segments, the organization will make a considerable profit.
· Possible risk management – The bid is essential to reduce the possibility of overrunning the task money movement like an intermission.
· Appealing odds – To be achieved by calculating the expense in which the information is transmitted to the customer; therefore, a fair chance of making the plan exists.
2.
Yes, they must bid for the assignment. The struggle factor was significantly connected to Marvin’s Company’s current dealings. They would aim for growth with fewer sales margin, but their profits would later be in a massive pay for the agreement. The whole team of Marvin is able to disclose the company’s expense conception in a process that is not comparable with other stakeholders. They have to provide WBS ‘ full level 1 knowledge to cover the different profound levels, so the competitors are never exposed to his procedures. Uncertainty, each community member, deliberate to interrupt the project for a precise reason; Marvin will be overwhelmed incredibly with money and time on that case. This proposal would increase the work-related influential that provides suitable services and spends in various occupations to establish an irrelevant conclusion. Whereas Marvin is vital to the decision-making community, his role has an impact on union development. Marvin can work with other clients within his area of business where there is more money also has to appoint new workers (Kerzner, 2017
summeth – 1.
Marvin must consider several reasons before bidding:
· Long-term business strategy – The new strategic plan consistently allows Marvin to attain the long-standing goals in his activities and in sustaining his company.
· Aptitude – In order to create a cash assignment arrangement, Marvin and his entire group need to correctly identify their skills and cost configuration together with reserve distribution.
· Profitability – Profitability is the most crucial feature in some occupations. Margin income seems to be small on existing and possible contracts, but on the wide-ranging market and segments, the organization will make a considerable profit.
· Possible risk management – The bid is essential to reduce the possibility of overrunning the task money movement like an intermission.
· Appealing odds – To be achieved by calculating the expense in which the information is transmitted to the customer; therefore, a fair chance of making the plan exists.
2.
Yes, they must bid for the assignment. The struggle factor was significantly connected to Marvin’s Company’s current dealings. They would aim for growth with fewer sales margin, but their profits would later be in a massive pay for the agreement. The whole team of Marvin is able to disclose the company’s expense conception in a process that is not comparable with other stakeholders. They have to provide WBS ‘ full level 1 knowledge to cover the different profound levels, so the competitors are never exposed to his procedures. Uncertainty, each community member, deliberate to interrupt the project for a precise reason; Marvin will be overwhelmed incredibly with money and time on that case. This proposal would increase the work-related influential that provides suitable services and spends in various occupations to establish an irrelevant conclusion. Whereas Marvin is vital to the decision-making community, his role has an impact on union development. Marvin can work with other clients within his area of business where there is more money also has to appoint new workers (Kerzner, 2017).
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