Contract Closeout W5 IP ACME Development Corporation (ADC), a developer of custom homes and apartmen

Contract Closeout W5 IP

ACME Development Corporation (ADC), a developer of custom homes and apartment complexes, has decided to standardize its project management practices and processes across its national organization The goal is to standardize with one single project-scheduling tool and to have the tool installed and be operational within 90 days To this end, the company is forming a central project management office (PMO) Until now, project managers (there are 40 presently on staff distributed all over the United States) have been able to use whatever scheduling tool they liked, within their budget constraints They have also been able to buy equipment and engage contractors at will The PMO will be determining one scheduling tool that all PMs will be expected to use, exclusive of any other scheduling tools The PMO will also develop and implement a standardized procurement process Because the PMs are located across the United States, a Web-based solution seems likely to be the most successful tool

As the project manager, you have been charged with implementing the procurement process, and you decide that your first project will be purchasing the scheduling tool for ACME Development Corporation

PMI is one of the world’s largest not-for-profit membership associations for the project management profession Our professional resources and research empower more than 700,000 members, credential holders, and volunteers in nearly every country in the world to enhance their careers, improve their organizations’ success and further mature the profession

PMI’s worldwide advocacy for project management is reinforced by our globally recognized standards and certification program, extensive academic and market research programs, chapters and communities of practice, and professional development opportunities

A sufficiently detailed statement of work (SOW) can assist with the negotiations during the bidding process as well as deal with potential conflicts during the execution of the contract The SOW can be utilized to address risks such as not meeting requirements or non-performance of work

Address the following in 4 pages:

Prepare a SOW with at least 8 sections You may use all of the information that you have compiled in the previous assignments to craft this final SOW


Review and reflect on the knowledge that you have gained from this course Based on your review and reflection, write 1 page on the following:

Evaluate your learning about contracting and procurement How has this learning changed your mindset about project procurement? Assess the effectiveness of project procurement processes and contracting strategy and how this strategy was used in the case study (scheduling tool implementation project) Explain what legal and ethical considerations must be considered in the case study project (scheduling tool implementation project)

How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?

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