Cost Management Assignment

Create a sourcing strategy based on your interpretation of the procurement and resource needs of your project. Utilize your Cost Management Plan, Ms Project file, as a starting point for this assignment. Your sourcing strategy should include at a minimum:

· Cover Page

· Project overview, scope, and requirements, etc.

o This is your Scope Statement (Project Overview) from your Cost Management Plan. Please be sure to incorporate previous feedback.

· Resource list

o Referencing your Ms Project file, identify at least 4 (materials), 3 (equipment), and 2 (human) resources that will be needed to complete your project.

o Provide a brief description around each of the resources and their involvement with the project.

· Make vs. buy analysis

o From your resource list, Identify two resources (material, equipment, or human) of which you will need to go out for contracted services. Provide an explanation of why these item needs to be outsourced.

· Sourcing strategy

o For the two resources identified, develop a sourcing strategy (RFI, RFQ, or RFP). The sourcing strategy should contain at a minimum (statements of work (SOW), key definitions, pricing/submittal instructions, timeframes, proposed contract types, etc.)

o Please note that the sourcing strategy should be in a format ready for distribution to sellers.

· Source selection criteria

o For the two resources identified in the sourcing strategy, provide a criteria matrix by which you will qualify each supplier for the material or equipment they are providing.

· Glossary

o Provide definitions for unique procurement terms, initializations, or acronyms used in the sourcing strategy documents.


Below are some key guidelines you will want to ensure you follow in all three elements of this assignment. Think of this short list as a quality control checklist, along with the attached grading rubric.

Final assignment should be submitted as a single file (MsWord)
You should include a cover page
You should format the documents professionally
Any tables should be readable without having to zoom in on small text
The sourcing documents (RFI,RFQ, or RFP) should be in a format ready for distribution

Please be sure to review the attached rubric. It along with these assignment instructions will ensure you have a solid understanding of the assignment requirements.

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