Feb 21, 2017 6:31 PM
Replying to Deepesh Rammoorthy
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Where vendors are involved, there is certainly an inherent risk of time and cost.
I am hoping that the Project schedule prepared will take into account the following
1) Time taken for the customer to create RFP
2) Time taken for the vendor to respond. At the RFP stage, in My understanding, any estimates provided by the vendor still has a Rough Order of Magnitude because it still requires elaboration and discussion with the customer
3) Review of the vendor's response and Clarification from customer
4) Conversion of the vendor's proposal into draft Statement of Works
5) Both parties agreeing on the milestones and deliverable in the Statement of Works after one or more reviews
All this is ideally done before the vendor commences work and the SOW should cater for any contingency for time and cost because even if all the due diligence in the world is completed, there is still an inherent risk left.
The SOW produced at this stage should not leave room for any surprises rather than the small contingency reserve.
Therefore , there should be no need to approach the Change Advisory Board or the Project Steering Committee.
If after this detailed progressive elaboration, there are still risks and uncertainties then I would suggest to call in the big guns.