Response for PM Discussion 1,2&3

Masoud Pourshabanian

Discussion 2

73 days ago

          To bid or not to bid on a project is extremely important. To provide an offer, it should be considered that you have to invest money, time and resources; therefore, the right project should be selected for an offer. Bid analysis should be conducted before giving offers to any project. The following factors should be considered to bid on a project with confidence. It should be aligned with the long term strategy of the company.

Capability

           Capability can be discussed from two different perspectives. If your resources are able to finish the project successfully from the technical aspect. If the resources do not have the capability to do the job, then a third-party company needs to be involved which means more cost.  Also, you may have a backlog due to the high number of projects that you have undertaken. You may not give resources available to work on the new projects. Overloading the resources will have negative feedback in the long run.

Risk assessment

          You may encounter so many potential issues that can endanger your project and timeline. All risks should be identified and analyzed. All aspects such as time, money and location should be considered in the risk assessment. The risk will jeopardize your company goals and long-term plan

Long-time plan

          The project should be aligned with long-term strategy and goals. Your goal might be expanding the company or having more profit or obtaining technical skills.

           After analyzing all the aspects, you can decide to take on the project. Based on the cons and pros, we see that the numbers of cons are more than the numbers are pro. It is true that the project is profitable; however, releasing the company’s cost structure will have negative impacts on the company in the future. I believe Marvin should conduct a more detailed analysis to bid on the project.

                                                                              Resources:

https://www.constructconnect.com/blog/key-factors-consider-bidno-bid-decision-making

https://trentcotney.com/construction/factors-to-consider-during-the-bidding-process-part-1/