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- Evaluate and document procurement alternatives by price, time, quality, quantity, and vendor relationship (for example, the consistency of source or integrity of relationship).
- Define the quantitative justification for the procurement, including any internal rate of return or other cost/benefit analyses.
- Define the qualitative justification for the procurement, including directions from management, references to policies, historical experiences, and proof of deficiencies.
- Prepare a final qualitative and quantitative analysis and justification. Verify that each justification makes references to the Logistics Plan and Workplan.
- Clearly define the objectives and purpose of the procurement.
- Evaluate and document the competitive advantage of acquiring the good or service.
- If the good or service is not acquired, evaluate and document the lost opportunity.
- Define the strategy and tactics for utilization that are necessary for implementation.
- Gather the supporting information related to the good or service.
- Complete and document a cost analysis, including an executive summary of the cost analysis findings.
- Evaluate and document the financial terms that may affect the implementation.
- Evaluate and document the quality considerations of the good or service.
- Succinctly document the use of the good or service.
- Consider how the procurement contract type affects project risks.
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