Response Phase 2 Essay Example | Topics and Well Written Essays - 500 words

Response Phase 2 - Essay Example am also pleased to see that you did not choose to have a one-size-fits-all contract in the transaction that you undertook but considered the best alternative in each case. This is a very insightful discussion, very well-researched and thought of. I learned a lot from it. Thanks. Your discussion has depth and substance by allowing me to absorb details on how to make the purchase a success. Your emphasis on the processes and factors which will ensure the smooth running and success of the scheduling tool is commendable. I like it that you made suggestions in some areas which will enable ADC to possible avoid mistakes and mitigate risk while operating the tool. However, let me suggest that you need to define your acronyms in order to be understood by the class. For example, instead of just saying FFP, you can elaborate by mentioning Firm Fixed Price. Also, you should add Guaranteed Maximum Shares Savings (GMSS) into your types of contracts. Having all of them for discussion will enable you to choose the best one.. ï Å  Your paper’s main strengths is its focus on two factors which allows ADC to make decisions according to the bases being risk minimization and time constraint. These factors are always present in real world situations and should really be taken into account when deciding about purchasing and installing tools for business operations. The process that you outlined in procuring the software is very logical. Yes, a company would have to search for vendors, products, and features available and a choice is made. The cost plus incentive contract that you choose is reasonable noting that the vendor and ADC shares the risk. However, I believe that you should also have outlined how it will work. Like how much costs should be shared and how much cost is fixed. With the company’s target of risk minimization, it should be prepared how to handle this situation. I suggest that instead of choosing a type of contract for the number of tasks, you could choose one