Project Procurement Management


Book Description

Not all project procurements are the same. Unless the project carefully makes an assessment of the items it will make, versus the items it will buy, and then adequately plans for these purchases, the risks of performance will increase. Project procurements are simply sub-projects, which need to be managed well, not blindly delegated to an independent organization to buy for the project. Certain procurements, major complexity developments, creating something new, which does not exist, according to the project's unique specification, must be managed by the project team, and supported by the professional procurement organization. The project's team leader must assume the management responsibility. This book zeroes in on the effective management of that portion of the project which will be performed by another organization. It focuses on the procurement of scope from an organization outside of the project. Often, the success or failure of a project is dependent on how well the project can plan, define, solicit, authorize and manage this external relationship. This book has been updated to be consistent with Chapter 12 of the Fourth Edition of the PMBOK ® Guide, released by PMI in December 2008.




Procurement Management - the Process


Book Description

Essay from the year 2011 in the subject Business economics - Business Management, Corporate Governance, course: Procurement Management, language: English, abstract: Procurement plays an important role in a guaranteed and timely production of goods and services and is of utmost importance in successful completion of time-bound projects. This document discusses the fundamental processes involved in the procurement and outlines the prerequisites for successful implementation of the inputs, tools and techniques and outputs of the processes.




Project Management of Multiple Projects and Contracts


Book Description

Many companies undertake small and medium sized projects without an established culture of project management. This work provides detailed guidance on project managing multiple different projects, and advises on the standard contracts which should be used. The book aims to assist engineers and managers in organizations where little established infrastructure and assistance exists, offering clear guidance and step-by-step accounts of project management as viewed by all of the concerned parties. It covers the whole spectrum form the Capital Expenditure Budgeting Process through to Commissioning and Beneficial Use.




Project Procurement Management


Book Description

Project Procurement Management: A Guide to Structured Procurements focuses, through a practitioner's eyes, on the Project Management Institute's Project Procurement Management knowledge area. A Guide to the Project Management Body of Knowledge is used as a basis to describe key elements of structured procurements, including procurement planning, competitive bidding, negotiations, legal considerations of procurement, contract management and administration, dispute resolution, and procurement ethics. The book explains and elaborates on Project Procurement Management, bridging the gap between project managers and procurement professionals and guiding the reader on the how to of implementing a structured procurement methodology in a real life setting. Whether you are a project manager seeking to understand procurement or a procurement professional who is considering Project Procurement Management as a basis for building a structured procurement methodology, this book has something for you.




Mastering Risk and Procurement in Project Management


Book Description

Effective risk management and procurement are crucial to project success. Unfortunately, many managers have spent relatively little time mastering these essential elements of the project management discipline, and many books on the subject treat these issues only lightly, if at all. In Mastering Risk and Procurement in Project Management, expert project manager and seasoned professor Randal Wilson focuses specifically on these essential techniques. Wilson addresses every stage of the project where risk management and procurement are relevant, especially planning, monitoring, and control. Teaching through the use of relevant examples and case studies, Wilson explains why risk management and procurement are so important to project success, illuminates the deep linkages amongst these tasks, shows how to avoid common pitfalls, and introduces best practice methodologies for integrating them throughout your business processes. Drawing on his own extensive experience, he offers in-depth coverage of topics ranging from contracting and risk monitoring to project close-out, and gives readers practical knowledge of critical processes and tasks in project management.




Contracting for Project Management


Book Description

In all but the smallest of projects the project sponsor inevitably has to buy-in the services of other suppliers. Goods and services must be bought, and this requires people to make contracts so that they know the basis on which they are working with each other and to deal with any disagreements that subsequently arise. This means that a knowledge of contracting specifically for project management is essential if a project is to avoid difficulties and reach a successful conclusion. This book concentrates specifically on the contracting issues that surround projects of any size.




Management of Procurement


Book Description

This invaluable book covers all aspects of procurement, from drafting and using contracts to procurement strategies for privately financed projects. It is written from a construction perspective, and uses examples from other industries where appropriate. This essential book offer presents guidance, explanations and case studies to help the reader comprehend the strengths and weaknesses and realistic meanings and outcomes of the stages in the development of an effective procurement strategy. Bringing together the theory and practice that relates to procurement, the book offers guidance on show the process should be undertaken. It begins by outlining the role of procurement in the construction industry, including the problems it faces and some of the steps that can be taken to overcome these problems. It then goes on to consider contractor selection and raises issues relating to the allocation of risk in contracts and factors to consider when awarding a contract. A brief summary of the relevant legal aspects is also provided. The book also examines contract strategy, major organisational arrangements and payment types and prvides a summary of the key features of the most common standard forms of contract. The relationship between benchmarking, key performance indicators and incentives is explained and a framework for developing incentive mechanisms is provided.




Procurement Project Management Success


Book Description

Procurement Project Management Success integrates supply management best practices and processes with those applicable from the field of project management. It explains how to initiate, plan, manage, and complete both simple and complex procurement projects successfully. Through the use of scheduling, communication plans, risk management and other project management processes, these procurements satisfy stakeholders by setting expectations, continuously communicating status, and getting the best value for the dollar. This book shows project managers all the steps and processes used in procurement, and details for procurement professionals how adding and applying a few project management processes and techniques to their skill set can substantially improve both their company's results and their career opportunities. Key Features Demonstrates project management tools and techniques that can easily be used to add value to the procurement process such as a work breakdown structure (WBS), budget, schedule, Gantt chart, network diagram, and communication and risk management Explains the skills needed and used by successful procurement professionals and outlines the seven key procurement steps that should always be followed Delineates the elements of procurement and communication plans and their importance to project success Highlights how applying project management techniques to procurement leads to greatly improved communications within a company/agency, including interactions between procurement and business unit personnel Provides step-by-step instructions for developing a procurement project schedule and budget, and demonstrates the importance of a change control system Dissects a negotiation example for the good, the bad, and the ugly, and outlines negotiation goals, along with the processes and techniques to use Covers the entire contract administration process in detail Uses case examples that everyone can relate to throughout the book to demonstrate the activities and processes required to complete a procurement project successfully WAV offers downloadable instructions for creating a Gantt chart in Microsoft Excel for Mac, and an actual request for proposal, schedule, budget, and procurement plan based on a case example - available from the Web Added Value Download Resource Center at www.jrosspub.com.