Contract Management Risk and Opportunity Assessment Tool

Contract Management Risk and Opportunity Assessment Tool (CMROAT)
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Contract Management Risk and Opportunity Assessment Tool (CMROAT)
Introduction
The contract management risk and opportunity assessment tool (CMROAT) is a tool used by buyers and sellers to analyze the risks and opportunities of taking a certain potential contract (Garrette, 2007). In this paper we are going to assess the risks and opportunities associated with taking a request for proposal (RFP) of carnival services and how they impact on the RFP. The aim of this paper is to analyze how these risks can be mitigated and how the opportunities can be used to improve the relationship between the project and the procurement if this was a real project.
Risks and opportunities associated with RFP
The possible risks associated with this contract are: On the acquisition of the tasks, there may be poor allocation of time, the technology used may not be able to meet the project’s objectives, and the project may be too sensitive to budgetary changes. The opportunities associated with this contract are: The services provider may offer these services at technically the lowest price possible and promotion of the buyer’s strategic direction by the contract.
Impact of the risks and opportunities on the RFP
The use of technology that is unable to meet the project’s objectives may make the components of the system used in the RFP obsolete. When the project is too se...