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V: Selecting the Solution


Presenting Recommendations to the Steering Committee

Once negotiations within the selection team have been concluded and a solution has been agreed upon by the project management team, the project management team will be ready to present the results of the evaluation to the steering committee. The presentation to the steering committee should be similar regardless of the acquisition strategy. The selection team may wish to adopt the "preferred solution" approach, which allows making a specific recommendation while keeping other alternatives open to the institution in the event that the final agreements and contracts cannot be consummated.

The presentation to the steering committee should include the following key items:

The financial considerations of the proposal can be dealt with in a separate section of the presentation, identifying the costs for major areas of the project. Some key areas might include the following:

The total sum of the itemized costs will be the proposed budget for the project. Depending on the extent of participation by the institution's personnel, these internal costs may be identified separately in the cost section.


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