Business Characteristics of a Technical Proposal - Essay Example

Plan for logistical support and administration - it gives a clear picture of how the project will be conducted, monitored, and reported. It also notes how changes throughout the project will be made and affected.

Competitive necessity model

Advantages:
- It is easy to start with since it is a non-numeric model.
- Helps in maintaining an organization's level of competition.

Disadvantages:
- Information to be used in the determination of the importance or priority is limited.

Operating necessity model

Advantages:
- It is advantageous in projects that need to be started immediately.
- It is needed for any business function.

Disadvantages:
- This model in most cases seems to be reactive.

This model only serves to provide a direction and not the sole decision-making.
Project requirements are bound to change along the process hence the model cannot be effective since it is based on the initial decision-making process.
The model does not bind certain aspects of risks and scopes in reality.

 Advantages:
- Consideration of weights to every factor is the most objected-oriented method of selecting a project.
- These models are logical and follow a simple methodology.
- They are simple to be implemented.

Disadvantages:
- The model assumes all the involved factors are independent and linear which is not possible.
- The score of the project provides a relative measure but does not reflect the project's utility.
- It only focuses on the aspect of finance.
- Does not account for l the risks involved in the project.

If the calculations are based on the numeric model, then Ms. Portillo can review her minutes and make a comparison with the actual figures of the financial period to ascertain everything. After which she can counter-check the calculations once more after re-running to confirm the prediction accuracy of the model.

Ensure a uniform technique model is used by all the managers in addition to learning how to implement them. She should also provide auditing to ensure the figures are correct. In addition, she should also aim at reducing the chances of errors occurring by enabling random sampling of ongoing decisions.