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

Answer:-

1) Explain the importance of project procurement management.

Project management is significant on the grounds that it shows that what is given is acceptable or right and the fact of the matter is misdirecting. Great project management guarantees that project objectives are lined up with business key objectives.

The objective of project management is to make everybody engaged with the project mindful and mindful of the project's motivation.

Procurement project management is typically isolated into four primary procedures: arranging, naming, execution and shutting the procurement. Procurement is the procurement of merchandise, supplies, and administrations. In this way, get every necessary material and administrations for the project.

Project procurement management includes the procedures used to set up certain project buys, to get fruitful.

2) Explain the activities associated with conducting and controlling procurements.

Direct procurement is a piece of the procurement procedure and is characterized as the way toward accepting reactions from potential venders, choosing a dealer, granting the agreement to the chose merchant. Buying conduct is along these lines engaged with sorting out and overseeing exercises.

For example, offering advisory groups, giving a bundle of proposition to potential merchants, assessing potential sellers, and at last choosing merchants.

Buying control is the procedure engaged with overseeing project procurement connections. It additionally oversees contract satisfaction and rolls out fundamental improvements and adjustments.

The upside of procurement control is that the presentation of venders and purchasers meets procurement prerequisites as per the conditions set out in the particular lawful understanding. Overseen buys persuade the two purchasers and dealers to work in consent to satisfy their obligations.

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