Source Selection Criteria Notes: Definitions & Explanations PDF | Download eBooks
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Source Selection Criteria Definition:
Source selection criteria helps the buyer to ensure that the proposal selected will offer the best quality for the services required.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Source Selection Criteria Notes:
When the needs of procurement are identified, the suitable sources must be selected. First, the needs are prioritized, then the appropriate selection method is decided. Whatever the selection method is, the selection is based on a specific criteria. Selection criteria can vary according to the procurement requirements of the buyer. While choosing the source selection criteria, it is important to consider that the proposal selected on the basis of that criteria must provide quality products or services. The selection criteria can be based on a numerical value or score, color-code or a written description of the fulfilled expectations by a particular seller. Some of the source selection criteria are capacity, capability, management experience, technical approach, expertise etc.
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