Select a procurement document for the turnaround project and explain your selection; develop a proposal evaluation method for the turnaround project that will be used to select a supplier.
This portfolio work, project procurement and evaluation, is based on your selected business or IT project. You may base your assessment on the Revive LLC case study for the development of a new online employee orientation module. Both human resource (HR) and information technology (IT) employees, as well as contractors, will be utilized in this project.
Project Procurement Management is defined “as a methodology that includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team” (Project Management Institute, 2017).
The procurement process should be dynamic and flexible to ensure the best combination of quality and pricing is obtained. For a more complex process many factors should enter into the decision-making process to obtain the best possible outcome with the lowest total cost of ownership, or TCO.
Per the PMBOK® Guide, and as referenced in Kerzner (2017), project procurement management includes the processes where the project obtains a product or service from outside the project organization. The organization’s perspective regarding procurement can either be as the buyer or the seller of the product or service. Project procurement management also includes the contract management and change control processes that are required to administer the signed contracts or any issued purchase orders. Project procurement management includes the following four key or major processes (Project Management Institute, 2017, Chapter 12):
Plan Procurements – the process of documenting purchasing decisions, specifying the approach, and identifying potential sellers.
Conduct Procurements – the process of obtaining seller responses, selecting a seller, and awarding a contract.
Control Procurements – the process of managing the procurement relationships, monitoring contract performance, and making changes and corrections as appropriate, and closing out contracts.
Kerzner, H. R. (2017). Project management: A systems approach to planning, scheduling, and controlling (12th ed.). Hoboken, NJ: Wiley.
Project Management Institute. Guide to the Project Management Body of Knowledge (PMBOK® Guide) — Sixth Edition and Agile Practice Guide. Newtown Square. PA. 2017, p. 717.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more