As the project manager, research a project of your choice to establish a point of reference for the procurement management assignments. Understanding the concepts of procurement management will gain an understanding of what project procurement can do to impact the overall project success.
Select a real-life project that involves or involved procurement of outside services or products. You should be personally familiar with this project.
Write a paper in which you explain the procurement aspects of the chosen project, including the type of procurement (product or service), the provider, key procurement decisions made by the project team, and the contract type. Identify at least three (3) project procurement management processes that are or were needed to complete this specific procurement. Explain how each process was carried out in the project and who was responsible. Then, compare your project’s approach to procurement to best practices in your industry. Based on this analysis, suggest specific improvements to your project’s procurement management processes by asking yourself, what could have been done better? End your paper by examining how and why procurement management is a key part of project management success.
Support your paper with minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate resources, including older articles, may be included.
Length: 5-7 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.
