Procurement Management The Process

Essay from the year 2011 in the subject Business economics - Business Management, Corporate Governance, , course: Procurement Management, language: English, abstract: Procurement plays an important role in a guaranteed and timely production of goods and services and is of utmost importance in successful completion of time-bound projects. This document discusses the fundamental processes involved in the procurement and outlines the prerequisites for successful implementation of the inputs, tools and techniques and outputs of the processes.

Not all project procurements are the same. Unless the project carefully makes an assessment of the items it will make, versus the items it will buy, and then adequately plans for these purchases, the risks of performance will increase. Project procurements are simply sub-projects, which need to be managed well, not blindly delegated to an independent organization to buy for the project. Certain procurements, major complexity developments, creating something new, which does not exist, according to the project's unique specification, must be managed by the project team, and supported by the professional procurement organization. The project's team leader must assume the management responsibility. This book zeroes in on the effective management of that portion of the project which will be performed by another organization. It focuses on the procurement of scope from an organization outside of the project. Often, the success or failure of a project is dependent on how well the project can plan, define, solicit, authorize and manage this external relationship. This book has been updated to be consistent with Chapter 12 of the Fourth Edition of the PMBOK ® Guide, released by PMI in December 2008.

“For the first time, the basic steps and skill set required for successful project management is specifically adapted to the procurement process. Procurement Project Management Success is a practical guide that will help purchasing professionals manage their procurements in a cost-effective, systematic, and timely manner.” —Sherry R. Gordon, President, Value Chain Group LLC Based on the author’s real world experience during the course of her career in supply management, engineering, and as a project management professional, this unique guide demonstrates a practical and proven approach to using project management strategies, tools, and techniques to consistently create successful procurement practices that go beyond mere cost savings. Procurement Project Management Success integrates supply management best practices and processes with those applicable from the field of project management. It explains how to initiate, plan, manage, and complete both simple and complex procurement projects successfully. Through the use of scheduling, communication plans, risk management and other project management processes, these procurements satisfy stakeholders by setting expectations, continuously communicating status, and getting the best value for the dollar. This book shows project managers all the steps and processes used in procurement, and details for procurement professionals how adding and applying a few project management processes and techniques to their skill set can substantially improve both their company’s results and their career opportunities.

This book is part 10 of the book series "Project Management by Amir Manzoor". This series focusses on Project Management Body of Knowledge (PMBOK) 6th Edition of Project Management Institute (PMI), USA to provide comprehensive coverage of all aspects of project management. This book covers the fundamentals of project procurement management. The important topics covered include procurement management planning, conducting procurements, and controlling procurements. Compared with available texts on project management, the perspective of this book is global project management. The book is written in simple language, provides up-to-date coverage of covered topics. This book is useful for undergrad and graduate students, professionals, and anyone looking to gain a solid foundation to continue their learning of the discipline of project management. This book is also a great companion to prepare for the PMP certification exam. The book series "Project Management by Amir Manzoor" has a dedicated website http: //www.pmbyam.com. A companion Facebook page is also available.

Project Procurement Management ExplainedStephen Guth focuses, through a practitioner's eyes, on the Project Management Institute's (PMI(R)) Project Procurement Management Knowledge Area. The PMI's A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide)-Sixth Edition is used as a basis to describe key elements of structured procurements, including procurement planning, competitive solicitations, negotiations, legal considerations of procurement, contract management and administration, dispute resolution, and procurement ethics.Project Procurement Management: A Guide to Structured Procurements explains and elaborates on Project Procurement Management, bridging the gap between project managers and procurement professionals and guiding the reader on the "how to" of implementing a structured procurement methodology in a real life setting. Whether you are a project manager seeking to understand procurement or a procurement professional who is considering Project Procurement Management as a basis for building a structured procurement methodology, this book has something for you.

In all but the smallest of projects the project sponsor inevitably has to buy-in the services of other suppliers. Goods and services must be bought, and this requires people to make contracts so that they know the basis on which they are working with each.

Procurement Project Management Success integrates supply management best practices and processes with those applicable from the field of project management. It explains how to initiate, plan, manage, and complete both simple and complex procurement projects successfully. Through the use of scheduling, communication plans, risk management and other project management processes, these procurements satisfy stakeholders by setting expectations, continuously communicating status, and getting the best value for the dollar. This book shows project managers all the steps and processes used in procurement, and details for procurement professionals how adding and applying a few project management processes and techniques to their skill set can substantially improve both their company's results and their career opportunities. Key Features Demonstrates project management tools and techniques that can easily be used to add value to the procurement process such as a work breakdown structure (WBS), budget, schedule, Gantt chart, network diagram, and communication and risk management Explains the skills needed and used by successful procurement professionals and outlines the seven key procurement steps that should always be followed Delineates the elements of procurement and communication plans and their importance to project success Highlights how applying project management techniques to procurement leads to greatly improved communications within a company/agency, including interactions between procurement and business unit personnel Provides step-by-step instructions for developing a procurement project schedule and budget, and demonstrates the importance of a change control system Dissects a negotiation example for the good, the bad, and the ugly, and outlines negotiation goals, along with the processes and techniques to use Covers the entire contract administration process in detail Uses case examples that everyone can relate to throughout the book to demonstrate the activities and processes required to complete a procurement project successfully WAV offers downloadable instructions for creating a Gantt chart in Microsoft Excel for Mac, and an actual request for proposal, schedule, budget, and procurement plan based on a case example - available from the Web Added Value Download Resource Center at www.jrosspub.com.