Describe the project procurement planning process

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Question Description

Write a 1,050- to 1,400-word paper in which you do the following:

  • Describe the project procurement planning process.
  • Identify the most valuable output of the plan procurement process and explain why you believe it is most valuable.
  • Explain the various contract types and describe who--buyer or seller--has the most risk for each contract type.
  • Explain methods that can be used to mitigate the risks for each contract type.
  • Develop a project monitoring process to track procurement orders for the project.
  • Describe a source selection criterion that would be applicable to any project.
  • Analyze the ethical concerns that should be considered when identifying source selection criteria.
  • Explain the role of risk management in the procurement planning process.

Format your paper consistent with APA guidelines.

Tutor Answer

peachblack
School: Rice University

Attached.

Outline

Introduction
Body
Conclusion
References


Running head: PROJECT PROCUREMENT PLANNING PROCESS

Project procurement planning process
Name
Course
Institution
Professor
Date

1

PROJECT PROCUREMENT PLANNING PROCESS
Project procurement planning process
Question One
The project procurement planning process refers to the convenient tool used in organizing
and managing those activities and tasks which are related to the process of purchasing and
supplies management. Companies undertake various projects to ensure that they meet the
demands of the customers (Fleming, 2016). The success of a project will depend on the effective
planning of the procurement process. Planning for procurement activities will require a company
to identify the required resources and the suppliers who will deliver quality and in time. The
project procurement planning process will thus determine the various activities involved in
making a project successful through making various resources available. The planning process
will also aim at having the different activities outlined so that they can meet the demands of
every project. The planning process in procurement will deal with choosing the right suppliers
and vendors who will ensure that a project becomes successful in the long term.
Question Two
The actual plan is the most valuable output of the plan procurement process. The plan
developed provides guidelines which aid in making some important decisions in a corporation.
The plan procurement process aims at having the most effective plan which will have a positive
impact on operations taking place in a corporation. The actual plan will determine the fat...

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Excellent job

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