Explain the concept of business process

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Reference no: EM132248635

ASSIGNMENT -

TEXT BOOK: Procurement Project Management Success, Author Diana L. Lindstrom.

All assignments must have your name, assignment number, course name, date, and it must be word format.

Essay Responses: All questions need to be answered in essay format (must be typed, doubled spaced, Times New Roman, 12 point font, with 1" margins, and all sources must be sited).

Mathematical Responses: Students must show all the formulas and all procedures. Answers only will not be accepted, make sure to show all your work. Answers must be typed, double spaced, Times New Roman, 12 point font, with 1" margins).

For this assignment you will need to complete the following:

1. Explain what procurement is.

2. Define the terms "project" and "project management" according to the Project Management Book of Knowledge (PMBOK guide).

3. Explain the concept of business process.

4. Describe the five process groups that are found within project management.

5. List the skills that a procurement manager needs to have to be successful in today's evermore challenging business environment.

6. Discuss the concept of prioritizing and list some of the tools that can be utilized to prioritize tasks and activities successfully.

7. Explain the differences between competitive and sole-source contracts.

8. Define the terms "Request for Proposal (RFP)" and "Internet Reverse Auctions".

9. Compare lowest cost versus best value procurements. What are the advantages and disadvantages of the both methods?

10. Explain what a Request for Procurement Services (RFPS) is. What information the RFPS form must contain?

11. What skills do the members of a procurement team need to have in order to be successful?

12. Explain what a Statement of Work (SOW) is. Why the SOW is one of the most important documents of the plan procurements process.

Reference no: EM132248635

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