Day: March 13, 2022

A request for quotation is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ generally means the same as invitation for a bid. An RFQ typically involves Read More …

A request for information is a standard business process whose purpose is to collect written information about the capabilities of various suppliers. Normally it follows a format that can be used for comparative purposes. An RFI is primarily used to Read More …

W1-2-60-1-6 JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY UNIVERSITY EXAMINATIONS 2017/2018 YEAR 2 SEMESTER 1 EXAMINATIONS FOR THE DEGREE OF BACHELOR OF SCIENCE IN DEVELOPMENT STUDIES HSD 2206: EDUCATION AND DEVELOPMENT DATE: APRIL 2018 TIME: 2 HOURS INSTRUCTIONS: ANSWER QUESTION Read More …

Rather than relegate contract negotiations to the last-minute reading of fine print, user organizations should seize upon the opportunity to use contract negotiations as a tool for bringing about a successful implementation of an information system. In so doing, the Read More …

The risk management process comprises the following stages: Establish the context of risk (what is the extent, nature and interrelationships of the procurement) Identify the risks Analyse and quantify the risks (determine likelihood and consequence) Evaluate and prioritise the risks Read More …

It is recommended that major purchases of standard goods and services and all purchases of complex goods and services have a documented risk management plan. A risk management plan is required where a procurement value exceeds $220,000 and/or the answer Read More …

Risk is defined as a measure of the likelihood and consequence of an occurrence. Risk management is defined as the systematic application of management policies, procedures and practices to the tasks of establishing the context of risk, identifying, analysing, evaluation, Read More …