Description
It is a process of reviewing proposals mostly used in supporting contracts and deciding awards.
Whereas simple procurements may require just checking against the SOW and price comparison of different vendors, complex procurements are doing by several rounds of evaluations.
The proposals are generally rated and scored using Source Selection Criteria.
Some of the important elements of these criteria include costs, technical quality, warranty, and risks.
Additionally, vendor references are important points to evaluate some of the complex procurements especially when you are procuring a service.
It belongs to the tool category – Data analysis
Where it is Used
Process Groups
Executing
Knowledge Areas
Project Procurement Mgmt.
Activities
Conduct Procurements
Process Group | Knowledge Area | Activity |
Executing | Project Procurement Mgmt. | Conduct Procurements |
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