Planning Process
Planning Process
The vendor selection matrix is designed to provide optimum selection. The vendor selection criteria seem to be weighted differently from I would have chosen. A successful prioritizing practice presented in TQM magazine used the six sigma project. This project listed experience, process maturity, quality of resources, and track record as important factors when prioritizing (Antony and Banuelas, 2001). These important factors have already included FTI other factors of schedule, cost and financial stability. A company that has experience, proven process maturity, quality resources and a positive proven track record has mastered scheduling and cost efficiency making them financially stable. Another flaw in FTI implementation process is for the chosen project the selecting manager leads the project. This is practical business but I would couple someone with the manager as a form of checks and balance. Allowing another unbiased point of view often leads the way to......
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