Question

As part of the project management process, consideration must be given to acquiring the products and services that will be used during the project to produce the desired product. Project managers are tasked with sourcing these goods and services and creating and managing contracts with the sellers

1. Explain the importance of project procurement management.
2. Explain the activities associated with conducting and controlling procurements.

Answer 1

Project management is important because it shows that what is provided is good or right and the truth is misleading. Good project management ensures that project goals are aligned with business strategic goals. The goal of project management is to make everyone involved in the project aware and aware of the project's purpose.

2. Procurement project management is usually divided into four main processes: planning, naming, execution and closing the procurement. Procurement is the procurement of goods, supplies, and services. Therefore, procure all required materials and services for the project. Project procurement management involves the processes used to prepare certain project purchases, to become successful.

3. Conduct procurement is part of the procurement process and is defined as the process of receiving responses from potential sellers, selecting a seller, awarding the contract to the selected seller. Purchasing behavior is thus involved in organizing and administering activities such as bidding committees, providing a package of proposals to potential vendors, evaluating potential vendors, and ultimately selecting vendors.

Purchasing control is the process involved in managing project procurement relationships. It also manages contract fulfillment and makes necessary changes and modifications. The advantage of procurement control is that the performance of sellers and buyers meets procurement requirements according to the conditions set out in the specific legal agreement. Managed purchases motivate both buyers and sellers to work in agreement to fulfill their responsibilities.

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