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Bid/ No-bid AnalysisThe case study shows that the key factors that should be considered before bidding on a project proposal were not employed. They include profitability, historical analysis, long term strategy, risk assessment, and capability (Graham, 2020). The project manager won a bid on a project that was evidently beyond their budget without careful consideration of its impact on the firm. Agreeably, the task is an urgent one, and getting qualified people on short notice with minimal payment or rather an average salary was not feasible. However, the lab manager did not try to negotiate with the people involved to salvage the situation. Proper evaluation of the feasibility of carrying out the project within the specified requirements did not ensure before bidding on the project. Both...
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