Organizational context of projects 1
Project Management Basics 2
Tools and Technique for managing projects 5
Used for “Conduct Procurement” process
This technique is used in the “Conduct Procurement” Process for soliciting bids from vendors.
During the process of “Plan Procurement”, procurement documents are created. These documents (sometimes called “Request For Proposal” or “Request For Quote”) need to be sent to the potential vendors. For doing so, advertisements are given in the news paper to invite them to bid.
This can be done in traditional manner in the news paper as tender notice or can be done on website of buying organization or sometimes even on aggregator platforms.
Most often, if the potential vendors are not identified, but request is open to all, and not just some specific vendors, Advertisement in newspapers is the preferred mode. An example of Tender Notice Advertisement is shown below: