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Single spaced type written answers of one page each. Restate the question and question number before your narrative, and begin each answer a top a new page.

Answers to each question will be graded on the basis of the level to which the course material is included/addressed, and/or the robustness of arguments in support of the position taken.

Question 07a: why is it necessary/advantageous to have a separate procurement management plan from that of the project management plan?

Question 07b: Compare and contrast one possible advantage and one possible disadvantage from each of the four contract negotiation methods.

contract negotiation Method

Possible Advantages

Possible Disadvantages

Face-to-Face

Able to use the power of nonverbals

Better opportunity to build a business relationship

Harder to say no

Nonverbals can be read by the other party

Travel and lodging expenses

Time away from the office

Teleconference

No travel or lodging expenses

No time away from the office

Usually requires less time

Easier to give bad news or say no

Less able to read or use the power of nonverbals

More impersonal

Harder to build a business relationship

Videoconference

No travel and lodging expenses

No time away from the office

Able to use some power of nonverbals

Less able to read of use the power of nonverbals

Harder to build a business relationship

NetMeeting

No travel and lodging expenses

No time away from the office

Able to share data real time

Able to use some power of nonverbal

Easier to say no

More prone to technical difficulties

Less able to read of use the power of nonverbals