Practice of project risk and procurement management

Assignment Help Project Management
Reference no: EM13855585 , Length: 3350 Words

Your paper should have a clear structure, with:

- a cover page (student number, module title, assignment title, word count (effective, not max), declaration of originality
- an abstract (300 words max, one single paragraph)
- a table of contents
- the main body of the paper - you have full creative control over the structure, but do use section headings to signpost your work
- references list - this is mandatory at Master level

Word count= 3000 words (+/- 10%) (do not exceed word limit). Do not include References in the word count.

Assignment Brief

Strategic procurement depends on strong "Supplier Relationship Management" (SRM) where procurement professionals are concerned about developing robust supplier relationships and negotiating favourable terms and conditions. In the future, it is expected that supply chain structures will become more complex and choosing the right supplier will be more critical. Increasingly stringent supplier requirements will become routine, and demanding purchasers will expect suppliers to demonstrate their essential competencies. Supply chain risk, scarcity of raw materials, environmental, sustainable and economic issues will lead to increased pressure on these buyer- supplier relationships.

You are to consider a UK business that sources food materials extensively from Greece and discuss how it can manage the dangers of economic and other risks arising from this relationship You are asked to critically discuss how the procurement function can manage a network - often global - of vendors and suppliers that can quickly become inoperative due to rapid shifts in the business environment.

You are expected to provide appropriate case study examples to illustrate your answer.

This coursework should follow a structured approach and should be prepared and presented as a professional business report. You should undertake a relevant literature review that helps inform your investigation. Please also ensure that the Harvard Referencing System is adhered to and fully complied with.

Relates to Learning Outcomes:

- Demonstrate an understanding of the importance of procurement for global organisations operating in complex market environments.

- Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project Risk and Procurement Management.

- Apply knowledge of the theory and practice of Project Risk and Procurement Management to develop insights into and solve current problems.

- Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making sound judgements based on the systematic analysis and creative synthesis of ideas.

- Critically and effectively assess the value of theories, concepts and models to the practice of Project Risk and Procurement Management.

- Demonstrate a sound understanding of the importance of risk management in the development and maintenance of sustainable procurement.

Verified Expert

Reference no: EM13855585

Questions Cloud

What are the main components of the united states : What are the main components of the United States Constitution that serve as the framework for how society governs and are governed. Explain
Describing the management role in the technology : Write a 350-700 word summary describing the management's role in the technology selected and the benefits of it that support the organization's quality initiatives
Describing the privacy risks and security safeguards : Write a 350-700 word summary describing the privacy risks, security safeguards, and strategies for evaluating the effectiveness of the technology selected
What is neutralization theory : What is neutralization theory. Name 5 of these and illustrate how they work. Define and contrast primary and secondary deviance. Provide an example for each.
Practice of project risk and procurement management : Synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project Risk and Procurement Management.
Describing various types and uses of technology : describing various types and uses of technology across the health care industry and their impact. Also, identify the technology trend you will recommend for the health care organization
Identify and discuss the role of organizations : identify and discuss the role of organizations that currently have a significant impact on the adoption of health care information standards in the United States
Did the hotel have personal jurisdiction? : Did the hotel have personal jurisdiction?
Create a full marketing strategy for your client : Create a full marketing strategy for your client, a clinic that will soon open. Strategy: Open a Pediatric clinic that Targets: Parents and Children

Reviews

Write a Review

 

Project Management Questions & Answers

  Explain about pert and cpm

Important information about PERT and CPM - In what situations should the PERT estimation technique be used?

  Show the benefits of matrix structure and project reports

Explain which type of organizational form fosters teamwork in the best manner and what are the major reasons for having project managers report higher and higher in the organizational structure?

  Complete your paper and reference sources using apa style

Complete your paper and reference sources using APA style. For more information on APA style, please visit the APA Style Lab.

  The expectancy theory of motivation

Project managers often focus more on project needs and neglect the human resource aspect with little attention given to motivate the project teams. With short notes explain- (i) The expectancy theory of motivation (ii) The equity theorem

  Project charter project schedule and rough cost

project charter project schedule and rough cost estimatetopliance corporation sells home appliances. they have over 50

  What are the types of business ownership

What are the four types of business ownership and describe each of them Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response

  Show the trade-offs in project plan

Trade-offs in Project Plan - Explain what advantages does a CIO bring to a business?

  Achweser satellites inc produces satellite earth stations

achweser satellites inc. produces satellite earth stations that sell for 10000 each. the firms fixed costs f are 2

  Project problem cost of home improvement for resalemrs

project problem cost of home improvement for resalemrs. tolstoy and her husband serge are planning their dream house.

  Computing project-s npv

What is the project's NPV? If you are working this problem by hand rather than by computer.

  Calculate the npv of the project

Calculate the after tax cash flows for the project for each year. Explain the methods used in your calculations. If the discount rate were 6 percent calculate the NPV of the project. Is this an economically acceptable project to undertake. Why or w..

  Decision support tools could you share with us the types of

decision support tools. could you share with us the types of decision support tools you have depended on to facilitate

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd