Question: Project Procurement Management (PPE 117V) Assignment 1: You are about to get married and have different contracting models and contract types to consider for your

Project Procurement Management (PPE 117V)

Project Procurement Management (PPE 117V) Assignment 1: You are about to get married and have different contracting models and contract types to consider for your wedding project. 1. Develop a detailed WBS for a typical wedding (10) 2. Develop alternative contracting models, identify advantages and disadvantages of each model. Also elaborate as to who carries the risk on each of your model. (20) a) Prime Contractor Model (The customer appoints a single service provider to plan, coordinate and deliver wedding packages) b) Customer as a Prime Contractor (The customer appoints the Wedding planner i.e. Designer, to design and compile the specification for each work package for the wedding. Upon the completion of the specifications, the customer reviews and approves the design and specifications and appoints the contractor) 3. List all contract types options that are applicable to your project and state advantages and disadvantages of each. (20) Note: The focus and application should not be generic but project specific. Total Marks (50)

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