Explain how budget planning is related risk management for the RFP you have selected

Put together a list of labor materials supplies a Show more Business RFP Company A Babys whisper 1. Put together a list of labor materials supplies and contingency funding that is required for your selected RFP. Create a basic budget for your project. Since the project is fictitious and the RFP may not contain all details some of this information will have to be created. This can be a table inserted into the MS Word document or an excel spreadsheet copied and pasted. 2. What contract and procurement methods (i.e. competitive non-competitive) do you feel are appropriate to solicit goods and services for your project? (Hint- Chapter 6 in the textbook outlines some of the major methods.) Justify your selection. You can use more than one method depending on the needs of your project. 3. What criteria will you use in vendor selection? List at least three criteria you will use to make your final selections once you decided on the contract procurement method(s) you will use. 4. Explain how budget planning is related risk management for the RFP you have selected. Show less


 

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