Assignment on Contract Plan and Project Milestones

Running head: PROJECT MANAGEMENT
Contract Plan and Project Milestones
Name of the Student:
Name of the University:

PROJECT MANAGEMENT1
Project 1: Contract Plan
Project Title: HWE Website
Required activity: HWE Website Development
Contract type: Time specific contract
Evaluation and selection process
The evaluation as well as selection process of HWE accessories is based on following
criteria such as:
 The proposals are required to accompany with the project related information as well
as solicitation documents (Yasin & Liu, 2016).
 Technical evaluation of the website development work is to be done for determining
expertise as well as specialization of contractor.
 Financial evaluation of bid is to be performed in details out of price of contract.
 Financial status of the project contractor is playing a key role to determine the
trustworthiness (Rendon & Snider, 2019).
Contract Management
Quality assurance surveillance plan: This plan is used to manage an assessment of
contractor performance by making sure that methodical control procedures are used to
validate that contractor’s quality control efforts are to be timely as well as efficient
(Christiansen, 2016). There is also delivering of results specified in contract.
Management plan: It is valuation tool to access set goals as well as help in creating a
detailed project plan to meet with the project goals of developing a website.

PROJECT MANAGEMENT2
Work plan: This work plan is used to achieve and set project goals throughout the
contract period.
Vendor risk and relationship management
The contract agreement with outside third party will subject to the HWE accessories
lead to financial risks as well as business reputation effects like breach of the contract, fraud,
data losses, confidentiality breach and others. The risks which are associated with the vendor
relationships for HWE accessories lies on data to be controlled in such a way throughout the
contract period (Beale, 2017). Following are the measures which are considered for managing
the vendor risks:
a. Confidential as well as non-disclosure agreement is to be drafted as well as signed by
the parties.
b. Security policies like insurance is employed for taking care of industrial issues
(Rendon & Snider, 2019).
Software escrow
By means of arranging of the software escrow agreement, the business is taking
responsibility for the business continuity as well as making sure that the system is to be relied
on always available. HWE accessories should enter in business escrow agreement with
contractor (Stewart, 2017). This escrow should cover various user software systems, regularly
6 or more than that besides as per the procedure, it provides with cost effective solution to
manage the software escrow portfolio.
Software licensing