Developing a procurement management plan

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Reference no: EM133979019

Overview
The final project for this course asks you to analyze a case study as though you are a project procurement officer. Select one of the provided case studies. Analyze how the elements of the procurement process address all phases of the expected procurement: conduct, execute, control, and close. Discuss the considerations and analyses you would use to develop a comprehensive procurement management plan.

Every project requires some amount of procurement to support the activities of the project team. The procurement may be purchasing standard products like computers, software, or furniture for a website development team. Or the procurement may be more complex like developing a custom new rugged, weatherproof, external battery smartphone case. In the first example, the procurement is highly focused on finding the lowest-cost, compliant supplier. In the second example, the procurement is focused on finding the most technically competent supplier. As a procurement professional, you must know the preferred methods to satisfy the requirements for both types of projects.

The final project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Two, Three, and Five. The final project will be submitted in Module Seven.

In this assignment, you will demonstrate your mastery of the following course outcomes:

Select appropriate contract types that align with procurement requirements in maximizing value and minimizing risk for the buyer
Differentiate procurement processes between the United States and international environments in ensuring compliance with local regulations and adherence to best practices Get Exceptional Assignment Help for all forms of Assignments.
Select appropriate evaluation tools for identifying vendors that best satisfy procurement requirements and provide maximum value
Evaluate contracting decisions for the extent to which they satisfy key procurement principles of value for money, ethics, competition, transparency, and accountability
Assess the components of a procurement management plan for their ability to satisfy the requirements of the project
Prompt
Developing a procurement management plan begins with collecting and analyzing inputs from the project. Those inputs could include the following elements:

Project scope statement
Project schedule
Project budget profile
Organizational assets (company policies, standard terms, and conditions)
Statement of work
Technical specification
Verification requirements
Your analysis of project requirements in your chosen case study will help you determine the type of contract, the bid process, and the evaluation process.

You will analyze and discuss the rationale for choices you made while developing a procurement management plan for the procurement scenario described in the selected case study. Your comprehensive analysis should cover all the considerations for executing an effective procurement from initiation to closure.

For the final project, you will select one of the Harvard Business Publishing case studies below. You will analyze the case from the perspective of the project's procurement officer. Your procurement analysis must consider all phases of the expected procurement: conduct, execute, control, and close.

Reference no: EM133979019

Questions Cloud

Identifies the case study you chose to analyze : Identifies the case study you chose to analyze. You will complete the first parts of your analysis. Your document should provide an overview that meets

Strategic sub-system prior to construction : What is the role of a project manager in the strategic sub-system prior to construction.

Calculate expected monetary value analysis : Calculate the Expected Monetary Value Analysis (EMV) for each strategy and use decision tree to show the best option.

Define the basic components of a procurement management plan : Determine which procurement regulations would apply to the procurement plan in the case study and explain your reasoning. Will you be required to

Developing a procurement management plan : Evaluate contracting decisions for the extent to which they satisfy key procurement principles of value for money, ethics, competition, transparency

Discuss the companys overall strategic plan : Describe how you discovered an opportunity to do something better than your competitors. Determine how the new product or service shifts the value proposition

About nature and future of project management : What do these links tell you about the nature and future of project management?

Corporate strategy of diversification : Created supercenters was this a business-level strategy of differentiation or a corporate strategy of diversification?

Communicating the information security program policies : how you would use this technique to apply to your organization when implementing and communicating the information security program policies.

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