Description
750 words, Reference all sources using APA style
Use the library, Internet, and any other materials you have available to find and analyze 1 project for each of the following:
a. There was no procurement or contract strategy plan, and the project failed.
b. The procurement or contract strategy plan was inadequate, and the project failed.
c. The procurement or contract strategy plan was inadequate, and the project eventually was completed.
Assignment Guidelines
For each of the outcomes listed above in the assignment description, address the following:
What were the details of the project? Be specific.
In depth, explain the various elements of the procurement or contract strategy plan within the project.
What suggestions could you make to avoid failure for future procurement and contracting? Why would these suggestions make for a successful project?
In the situation in which the project was eventually completed, were there incentives provided under the terms of the contract?
If yes, then what were they, and how did they enhance the quality of the contract.
If no, what incentives should have been included, and why?
.
Explanation & Answer
Good luck in your study and if you need any further help in your
assignments, please let me know.Goodbye.
Running head: PROJECT MANAGEMENT USING PROCUREMENT
Project Management Using Procurement
Name
Institution Affiliation
1
PROJECT MANAGEMENT USING PROCUREMENT
2
Project Management Using Procurement
Project management is the discipline that involves planning, initiating, executing,
controlling and at the same time, closing of the project to be in a position of achieving specific
goals that can be able to meet the needs of the projects. In most of the times, the project is
designed with defined beginning and end to achieve goals and objectives and be able to bring
change or benefit. Therefore, there is the need for the project manager to ensure that there is
capitalizing all the necessary elements or resources for the project to remain successful (Alhazmi
& McCaffer, 2000).
One of the most important elements that ensure that the project remains success remains
to be procurement or contract strategy. Procurement or the contract strategy is the process of
selecting vendors, negotiation of contracts strategic vett...
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