Project Management and Leadership Waterloo Staff Essay

Submitted By dgeorge22
Words: 1524
Pages: 7
Open Document
PROJECT PROCUREMENT MANAGEMENT

Derrick George
Professor
Project Procurement Management – PMAN641
October 12th, 2014

Project procurement management involves purchasing products and services in order to complete a project. In order to do that effectively, project managers must plan, establish, maintain, and close relationships with venders who provide the goods and services for the project.
The definition of project procurement management from the PMBOK Guide is:
“The processes necessary to purchase or acquire the products, services, or results needed from outside the project team” (PMI, 2013). The PIMBOK Guide sets out four major processes that constitute the procurement process. This process starts with directives to plan, and conduct procurements. Once the procurements have been obtained, the next two steps are to administer then close the procurements.
In the planning process, the first step is to create the project procurement management plan. This is when the team determines which items are among current resources, which items the project team can make and which must be purchased. In regards to a landscaping design process, this would entail determining which landscaping elements should be retained. These elements would be living elements such as trees and existing permanent plantings. Other elements the planning team must consider include architectural features such as buildings, walls and parking areas. This layout is best accomplished by an in house team involved with laying out the landscape around these elements. Once the team establishes these features, they then determine what additional elements need to be purchased. Once this determination is made, procurement documents must be prepared and criteria for these procurements can be developed based upon the selection of vendors. (Project Management Institute Staff, 2013). This can differ from the government process in that a private business can use preferred venders while a government system is more likely to be constrained by a strict bidding system.

The procurement plan is based upon analysis of the requirements for the project, along with consulting documents. Consulting documents include, but are not limited to the scope baseline, the project schedule, and the risk register. These documents provide the information needed to determine procurement needs. (Project Leadership Waterloo Staff, 2014).
Once the project needs are determined, the team must launch into the procurement process. The second major process is to conduct procurements. This process involves the selection of the vendors are selected and the awarding of procurement contracts for products and services. Another element the in house team develops are the resource calendars that detail when resources will be used. The resource calendars afford the opportunity to the design team update the project management plan in accordance with the availability of the resources. Sequencing is a vital part of this process.
Due to it being vital to the final success of the project, the procurement process uses various tools and techniques to insure its successful completion Conferences with bidders gives the team the opportunity to brief them on the project requirements as well as to answer questions. Proposals from the bidders must be carefully evaluated. A part of this this process may include advertising to solicit bidders and internet searches for vendors. (Project Leadership Waterloo Staff, 2014). Unlike government procurement plans that generally adhere to a strict bidding system, private businesses are more likely to conduct negotiations. Once the needed products and services are secured, the next step in the Project Procurement Management process is to administer the procurements. This involves processes used to administer the relationships with vendors as the project proceeds. One of the results of the administration process is the creation of procurement documents. As the implementation of the
Show More

Related Documents: Project Management and Leadership Waterloo Staff Essay

Customer and Floor Plan Essay

Mason City Waterloo February 2010 April 2010 May 2010 Milestones •Getting Started Iowa Law – HF2699 Consultation with Other States State / Local Partnership in Implementation Lab Process in Implementation High Visibility of IWD Director/Deputy Director in all Phases of Implementation Diversity of Expertise in State Leadership State Board Setting the Tone for “Leap of Faith” in regard to Performance Measures New Brand Established – IowaWORKS Milestones •Transition Leadership Teams…

Words 3057 - Pages 13

Toronto CREW Real Jobs Resource Guide 2013 Updated - JSM Essay

Appraisersare paid to estimate the value of a property. This valuation estimate requires an analysis of the market and the subject property being appraised. Most appraisers work for a variety of clients on a fee-per-assignment basis while others are internal staff appraisers producing value opinions for their employer. Most appraisers specialize in residential property or specific types of commercial property. Appraisers can receive an industry designation (Accredited Appraiser Canadian Institute (AACI) or…

Words 5432 - Pages 22

Essay about Blackberry Business Plan

identification, people know who Blackberry is. We are known globally as a pioneer in the mobile phone industry and today we are viewed as a dying phone manufacturer. It is our responsibility to turn the view of our company around. Companies with proper management and marketing can bounce back from a decline in sales or popularity. Dominos recently had serious issues when an employee made a video of the employee doing things to their pizza and posted it on You Tube. This video went viral and destroyed the…

Words 3892 - Pages 16

Managing Information Technology (7th Edition) Essay

CONTENTS: CASE STUDIES CASE STUDY 1 Midsouth Chamber of Commerce (A): The Role of the Operating Manager in Information Systems CASE STUDY I-1 IMT Custom Machine Company, Inc.: Selection of an Information Technology Platform CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier CASE STUDY I-3 The VoIP Adoption at Butler University CASE STUDY I-4 Supporting Mobile Health Clinics: The Children’s Health Fund of New York City CASE STUDY I-5…

Words 239873 - Pages 960