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More cost effective project tender bidding assessment

Problem

• Major projects (especially government and military) require a complex tender process resulting in the need for expensive assessment to determine the most suitable contractor
• The decision making process is often ad-hoc, riddled with inconsistencies, non-repeatable and lacking visibility
• It often leads to poor choices and unreliable, expensive solutions
• A number of Agena's clients (ranging from government defence organizations through to electronics and software companies) have faced the same general problem

Solution

• AgenaRisk risk maps bring visibility and auditability to the tender assessment process by making all assumptions about evaluation criteria (and the relationships between them) explicit
• AgenaRisk enables you to combine quantitative information about each tender bid (such as reliability and price) with qualitative information (such as process quality and reputation)

Benefits

• More accurate: You can more reliably identify bids that are likely to provide poor project results, and generally predict with greater accuracy the likely project result that any bidder would produce
• More cost effective: By being able to reject poor bids quickly and with greater confidence you save time and money by focusing on the better bids
• More objective: the inevitable qualitative judgements are accommodated but their impact is made explicit, while you also make maximum use of any quantitative information that might be available
• More transparent, consistent and repeatable: Once you have created the risk map that captures the key criteria and their relationships, all assumptions about each bid are entered into the same map

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