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.

Lecimore Company has a centralized purchasing department that

is managed by Meg Shen. Shen has established policies and procedures to guide the clerical

staff and purchasing agents in the day-to-day operation of the department. She is satisfied

that these policies and procedures are in conformity with company objectives and believes

there are no major problems in the regular operations of the purchasing department.

Lecimore’s internal audit department was assigned to perform an operational audit of

the purchasing function. Their first task was to review the specific policies and procedures

established by Shen. The policies and procedures are as follows:

• All significant purchases are made on a competitive bid basis. The probability of

timely delivery, reliability of vendor, and so forth, are taken into consideration on a

subjective basis.

• Detailed specifications of the minimum acceptable quality for all goods purchased

are provided to vendors.

• Vendors’ adherence to the quality specifications is the responsibility of the materials

manager of the inventory control department and not the purchasing department.

The materials manager inspects the goods as they arrive to be sure that the quality

meets the minimum standards and then sees that the goods are transferred from the

receiving dock to the storeroom.

• All purchase requests are prepared by the materials manager based on the production

schedule for a four-month period.

The internal audit staff then observed the operations of the purchasing function and

gathered the following findings:

• One vendor provides 90% of a critical raw material. This vendor has a good delivery

record and is reliable. Furthermore, this vendor has been the low bidder over the

past few years.

• As production plans change, rush and expedite orders are made by production directly

to the purchasing department. Materials ordered for cancelled production

runs are stored for future use. The costs of these special requests are borne by the

purchasing department. Shen considers the additional costs associated with these

special requests as “costs of being a good member of the corporate team.”

Materials to accomplish engineering changes are ordered by the purchasing department

as soon as the changes are made by the engineering department. Shen is proud

of the quick response by the purchasing staff to product changes. Materials on hand

are not reviewed before any orders are placed.

• Partial shipments and advance shipments (that is, those received before the requested

date of delivery) are accepted by the materials manager, who notifies the purchasing

department of the receipt. The purchasing department is responsible for follow-up on

partial shipments. No action is taken to discourage advance shipments.

Based on the purchasing department’s policies and procedures and the findings of

Lecimore’s internal audit staff:

a. Identify deficiencies and/or inefficiencies in Lecimore Company’s purchasing

function.

b. Make recommendations for those deficiencies/inefficiencies that you identify.*

Was Chimamanda Ngozi Adichie successful at reaching her purpose with her intended audience with her speech "The Danger of a Single Story"?

A bond with a $1,000 par, 7 years to maturity, a coupon rate of 6%, and annual payments has a yield to maturity of 3.9%. What will be the actual percentage change in the bond price if the yield changes instantaneously to 5.4%?

Discuss your thoughts on Peirce, James, Dewey, and their Pragmatic test for truth.

What happened in Fort Mose and descrive what took place there and why it was an important episode in American History?

For a water park project, provide the following information.

Project Economies

 Policies

 Organizational Structure

 Marketing Strategy (Market Segmentation/4P’of Marketing)

 Funding Explanation

 Financial Plan

 Contingency Plans

 Survey/Evaluation and Analysis

List and discuss the two major factors involved in the dispersion or broadening in the propagation of optical pulses over long distances. This should be related to fiber optic communications.

An individual possesses 5 umbrellas which he employs in going from his home to the office, and vice versa. If he is at home at the beginning of a day and it is raining, then he will take an umbrella with him to the office provided there is one to be taken. Similarly, if he is at the office and at the end of a day it is raining, he will take one to go home (provided there is one to be taken at the office). If it is not raining, then he never takes an umbrella. Assume that, independent of the past, it rains at the beginning or at the end of a day with probability 0.35.

(a) Define a Markov chain for this system by the construction of the one-step transition matrix (Hint: Define the states of the chain as the number of umbrellas the individual has in the place he is at (home or office). Assume that there is a transition each time he changes places (from home to the office or vice versa)

(b) Find the steady state probabilities, by the formulation of the steady state equations.

(c) What fraction of time does the man get wet? Justify your answer

Windsor stock has produced returns of 13.8 percent, 11.7 percent, 2.3 percent, -21.4 percent, and 8.9 percent over the past five years, respectively. What is the variance of these returns?C) .020574

I need to know how to solve I have the answer

System of external forces acting on a planar rigid body will cause its motion in a certain
manner. Explain in general how Newton’s laws of motion are used to describe this
relationship between external forces and the resulting motion. Draw free-body and inertia-
force diagrams clearly to illustrate this relationship
(5 mark)

in what ways did the US Constitution betray the African and african american people in the United States?

Database - Data Control Language   

Exercise

Write few system and object privileges.

Create user with your name and grant above discussed system and object privileges to the user created. Revoke update and select from the user which you have created.

Please describe in detail the legal environment companies faces in doing business overseas