Background: A client [Fenn Enterprises], an established entrepreneur, has developed a new business initiative and is keen that you provide independent project management services. He has run many projects but recently twenty of his schemes have been delivered late and overbudget. Last year [20015/2016 financial year April to April] he ran 80 projects ranging between €2.5M and €50M with a total expenditure of >€300M; he expects that total projects will be similar for the next five years. Although the entrepreneur employs a team of in-hose PMs he does not carry out any of the projects; all the work is ‘outsourced’ to independent suppliers or contractors. For taxation purposes Fenn Enterprises is based in England.
Answer all parts of this question. (a,b,c,d)
Produce a report for the client outlining the benefit of employing an independent project manager.
(b) The client seeks advice about:
2. standard forms of contract.
i. In particular removing (“sacking”) contractors who perform poorly in terms of:
1. programme [they cause delay];
2. cost [they seek more money];
3. quality [their work is poor quality].
(c) Propose and justify a contractual arrangement between the client and your organisation for your services. Fenn Enterprises has asked for details of your fees
(d) Compare and Contrast the provisions in standard form contracts for payment of the contractor/supplier [e.g. payment when complete; or stage/interim etc]
Requirements: not to exceed 2000 words, there is no minimum word count. This is not an essay. You may choose the industry and country within which the Client operates.