Business management
350 – 600 words
Overview
Many risks exist with work that is outsourced. In fact, the risks may be greater because you do not have control over the resources like you would for a project that you are managing internally. To help reduce these risks, you should establish monitoring and control processes and procedures. They should cover the work being delivered by the vendor per the contract and tracking of the progress against the overall schedule.
Primary Task Response: Within the Discussion Board area, write 350–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Research at least 2 sources (which may include your textbook) to support your response.
Discuss contract negotiations, especially the terms and conditions including price, scope of work, and so on.
Explain how a preferred provider list would help or hinder contract negotiations for your project.
What tools and techniques will you use to manage your relationship with the seller or vendor?
Write 2 more paragraphs that are an introduction and conclusion to this topic. Be sure to include your references, which should follow APA format.
