MSc In Project Management Paper 1 Example

MSc In Project Management Paper 1 Example MSc In Project Management: Paper 1 â€" Essay Example > Executive SummaryThe right service providers are always needed for any project to meet the required target. Arabtech Company needs qualified contractors to ensure that the projects to be carried succeed. Competency plays a greater role in determining the project outcome. In that connection, following the right channel in obtaining the right contractor has to be duly followed. This is the fundamental aspect that guarantees better results. The paper looks at the various projects that need to be carried out within the company and the suppliers chosen by the company to provide the necessary requirements. Comprehensive procedures to be followed in selecting the best service providers are clearly illustrated. The projects include: Supply of building materials, Internet installation in the offices, Purchase of computers, Purchase of staff uniforms, Office repair and maintenance. In fulfilling the project requirements, the description/nature of the project is put into consideration. The b est supplier of the service is carefully identified. The duration of the project is determined giving details on when the specific tasks are to be accomplished. Financial capability is also a crucial aspect that has to be taken into consideration in the paper. It determines the quality of service to be received. Arabtech Company is capable of financing quality projects. In that connection, the service providers need to be well equipped in terms of quality service provision. Technical capability has also been highlighted in the paper as one of the major considerations. Due to the advancement in technology, the providers need to be well versed with the current technology. The best service provider has to fulfill the required expectations in all aspects. IntroductionIn order for any project to succeed, Arabtech limited will need to work with the right team. This will include the right contractor or supplier. The outcome of the project will be determined by the competence of the suppl ier or contractor to handle the project. The quality of the project will also determine the cost. In most cases when the contractor or supplier does a sub-standard job then the cost of the project will increase. This is due to the fact that frequent repairs and maintenance will be required. It is therefore advisable to use the best channel and procedures when selecting a contractor or a supplier. According to CHP Procurement Guide (2010), this forms the basis of the entire project and will determine its success or failure. Selection of a poorly qualified contractor will automatically lead to the failure of the project. This may lead to huge losses and penalties to a company. The essay will discuss the necessary procedures to be followed when selecting a contractor. The paper will provide a critical analysis of procedures and the essential requisites of a contractor and a comprehensive process involved in arriving at the most qualified contractor for a task to be undertaken (Mosey, 2009). According to ISO 2000 documents, before choosing a supplier factors to be considered includes; the quality of goods, cost, ability to supply, payment methods, delivery date and the relationship with the company.