Develop a decision matrix, select a contract for your turnaround project, and provide a rationale and a statement of work (SOW) for the turnaround project.

I’m trying to learn for my Management class and I’m stuck. Can you help?

At this point in the process, you need to help NearlyFree.com recognize different contract types and make the right selection for the turnaround project. As the consultant for Project Revive LLC, your final task will be to create the statement of work (SOW) that describes the expectations for the new employee orientation product the third-party vendor will provide. Note: the various resources needed for this assessment are linked below.

Although you have a lot of experience preparing statements of work, NearlyFree.com has not completed this part of the procurement process before. So, as part of your services, you will guide NearlyFree.com through this process. Your task is to help your client recognize the benefits of a good SOW and the risks associated with a “poor” SOW

Part 1: Project Contract Analysis

Deliverable: Develop a decision matrix, select a contract for your turnaround project, and provide a rationale

• Develop a decision matrix to determine the best type of contract for the project considering the circumstances, timing requirements, budget availability, market conditions, and availability.
• Select a contract for this project and explain your selection.

Part 2: Statement of Work (SOW) Analysis

Deliverable: Create a statement of work (SOW) for the turnaround project.

Prepare a contract statement of work (SOW) describing the product or service to be supplied by a third-party vendor.

• The statement of work is your opportunity to clearly communicate your requirements and expectations. Refer to similar products on the Internet for realistic information to use in your statement of work.
• You may wish to use this optional Statement of Work Template [DOC] to complete this task.
• You may use other formats, if the information thoroughly addresses the expectations and requirements of the product or service.

The SOW should address the following aspects related to the product or service to be procured:

• Specifications.
• Approach.
• Scope.
• Roles and responsibilities.
• Product and deliverables schedule.
• Deliverables and costs.
• Change control.
• Acceptance management.
• Quantity.
• Quality standards.
• Performance data.
• Work location.
• Period of performance.
• Contract to be used.

Preparation

Use the software of your choice to develop the deliverables for this assessment.

This assessment has two deliverables:

1. Develop a decision matrix, select a contract for your turnaround project, and provide a rationale.
2. Create a statement of work (SOW) for the turnaround project.

Deliverable Format

• References: There is no set number of references required for this assessment. Use scholarly or academic sources where applicable.
• Format:
  • Microsoft Project is not required for this assessment. This assessment has two parts and two deliverables.
  • Use your choice of MS Word, MS Visio, or MS PowerPoint to develop the comprehensive analyses
  • These analyses are professional documents and should therefore follow the corresponding Academic and Professional Document Guidelines [PDF], including single-spaced paragraphs.
  • Use APA style and format for references and in-text citations.