Project procurement management homework Help

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Project procurement process is the core of the project planning process in an organisation or company. Procurement is usually the process of having a link with the external dealer to procure products and services with a feasible amount. Generally the organisation or the company finalises an agreement with the external dealer and so as the process further continues. The agreement with the dealer is done based on various parameters such as quality, service, time period, quantity, price etc. There are several steps to proceed in this procurement process. First of all a basic planning should be made regarding the project subject and the contribution needed from the external source and then execution of such planning should be done in order to complete the procurement process. The main criteria of this procurement process is the management of cost in contrast to the products been granted. The negotiation of the price is done regarding the quality of the products been supplied. A selecting procedure is also there in such process. Selection of the dealer is done through organised communication or meetings held with the enumeration of the items required. Students looking forward for various notes on forward integration can refer to Project procurement management homework Help where it is been described more briefly.

Types of procurement process given in Project procurement management homework Help are

There are two types of procurement process
• Direct procurement process: It involves the direct involvement of raw materials and services. This direct procurement process is directly been linked with the production process of the products in an organization.
• Indirect procurement process: It generally involves the other activities apart from the production area. It involves the maintenance criteria, restore and other controlling supplies.

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Various inputs given to the procurement management process given in Project procurement management homework Help are
• Organisational project assets: Here the organisation or the company generally deals with the dealers about the agreement and its various assets such as the scheme, strategy, deadline, basis, suggestions, information’s etc.
• Risk register: In the procurement process of a project risk undertaking by the companies is a part of such process. Here risk management is done by the organisation in order to deal with the problems and to face the issues as soon as they appear.
• Project schedule: A basic project schedule is made at the initial stages of the project planning in order to know the requirements of the project. Starting from information or data about the project to the need of procurements everything is been listed in such particulars.
• Enterprise environmental factors: These are the basic factors that affect the project process either by externally or internally. It involves the work environment of the organisation and the culture of the surrounding and services from the marketplace.
Advantages of such procurement process to the organisation given in Project procurement management homework Help are
• Recognising the products and services which are needed to be procured.
• Evaluation of the products obtained and accepting it.
• Concur on the delivery time period and with the technique or system.
• Helps us in identifying the dealer’s performance.

Features of Project procurement management homework Help are

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