Role of procurement management in a project

Assignment Help Project Management

Reference no: EM133175439

PROJ6004 Contracts and Procurement

Prepare a short paragraph to illustrate what you learnt from week 1 to week 5.

Part 1:

Understanding the importance of Procurement Management in a project and explore the following questions:
• What is the role of procurement management in a project?
• What are the conditions under which procurement occurs in an organization?
• What procurement strategies does organization use ?
• How does procurement process differs from Buyers ( project owner) to Sellers ( project contractor)?
• Why Make or Buy decision plays an important role in procurement?

Part 2:

Understanding the importance of Procurement Management in a project and explore the following questions:
• What is the role of procurement management in a project?
• What are the conditions under which procurement occurs in an organization?
• What procurement strategies does organization use ?
• How does procurement process differs from Buyers ( project owner) to Sellers
( project contractor)?
• Why Make or Buy decision plays an important role in procurement?

Part 3:

Financial Aspects of Procurement
3.1 Financial aspects of procurement and total cost of procurement
3.2 Financial aspects of contracts, risks and opportunities

Reference no: EM133175439

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