Developing a procurement management plan, Business Management

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Question:

(a) A project manager must take ownership of the project at its early stage through the following tasks namely stakeholder identification and analysis, prepare business case, create a project charter, organize a kick off meeting and compile a preliminary scope statement. Briefly elaborate on the importance of

(i) Project Charter
(ii) Kick-off meeting
(iii) Preliminary Scope statement

(b) Project monitoring and control focuses on activities undertaken to observe project execution so that potential problems and risks can be identified and prevented in a timely manner. The Project manager and key stakeholders must monitor progress against plans and take corrective actions if and when necessary through the monitoring and control of a number of tasks including:

(i) Monitoring and controlling tasks for Project Quality Management
(ii) Monitoring and controlling tasks for Project Human Resource Management
(iii) Monitoring and controlling tasks for Project Communication Management

(c) Project procurement management includes the processes to purchase or acquire products, services needed outside the project team to complete activities in a project. Briefly elaborate on steps for developing a procurement management plan.


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