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10 pages/≈2750 words
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Business & Marketing
Research Paper
English (U.S.)
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Project management procurement (Research Paper Sample)

Focus of the Research Paper This final research paper must demonstrate the understanding of new learning in the field of project management and how it relates to purchasing and supply management.  This is an assignment with a length of ten pages that should integrate the reading, multi-media and class discussion boards.  It is mandatory to have research from the classroom text, as well as three sources from the internet or online library to support your views. Consider the validity of your resources carefully before using them in academic papers.  It is recommended to use examples from your professional experience where possible, or build from your learning in the discussion boards.  Use at least one project you have been a team member or a project manager as an example to describe the topics below: The following topics must be reviewed in order for the paper to be complete: *       The definition of procurement and contract management and the importance to the business world. *       Request For Proposal selection tools and how to improve the assessment of proposals. *       The concept of procurement planning and various strategies necessary for project success. *       How to select the most qualified vendor in a proposal. *       Evaluation of the contract and the legal aspects of procurement in a project. *       Comparisons of the critical elements of a contract including relationships between the client, supplier, completion terms and payment terms. Writing the Research Paper The Paper: *       Must be ten- to twelve- double-spaced pages in length and formatted according to APA style as outlined in the approved APA style guide. *       Must include a cover page that includes:                 *Title of paper                 *Student's name                 *Course name and number                 *Instructor's name                 *Date submitted *       Must include an introductory paragraph with a succinct thesis statement. *       Must address the topic of the paper with critical thought. *       Must conclude with a restatement of the thesis and a conclusion paragraph. *       Must use at least three professional resources beyond the classroom text. *       Must use APA style as outlined in the approved APA style guide to document all sources. *       Must include, on the final page, a Reference Page that is completed according to APA style as outlined in the approved APA style guide. source..

Project Management Procurement
Table of Contents
 TOC \o "1-3" \h \z \u  HYPERLINK \l "_Toc370491476" 1.0 Introduction  PAGEREF _Toc370491476 \h 3
 HYPERLINK \l "_Toc370491477" 2.0 Procurement and Contract Management  PAGEREF _Toc370491477 \h 3
 HYPERLINK \l "_Toc370491478" 3.0 Importance Of Procurement And Contact Management In Business  PAGEREF _Toc370491478 \h 5
 HYPERLINK \l "_Toc370491479" 4.0 The Concept of Procurement Planning and Strategies For Project Success  PAGEREF _Toc370491479 \h 6
 HYPERLINK \l "_Toc370491480" 5.0 Selecting the Most Qualified Vendor  PAGEREF _Toc370491480 \h 7
 HYPERLINK \l "_Toc370491481" 6.0 Contract Evaluation and Legal Process  PAGEREF _Toc370491481 \h 9
 HYPERLINK \l "_Toc370491482" 7.0 Comparisons of Critical Contract’s Critical Elements  PAGEREF _Toc370491482 \h 10
 HYPERLINK \l "_Toc370491483" 8.0 Conclusion  PAGEREF _Toc370491483 \h 12
 HYPERLINK \l "_Toc370491484" 9.0 References:  PAGEREF _Toc370491484 \h 12

Procurement management engrosses having work done by individuals that are outside the project team. The project management procurement may include administration of contracts and alter control process in order to purchase orders or control contracts. It can also be termed as an act of maintaining, establishing as well as closing relationships with the suppliers of certain services and goods for the project (Wheaton, 2008). The knowledge setting of the project management procurement comprises of various processes that includes; the Plan procurement Management, Conduct procurements, Control procurements, close procurements. A personal involvement, as a member of a team of a successful procurement project brought about increased knowledge regarding the new learning in project management field, as well as its relationship with the management of purchasing and supply.
Procurement and Contract Management
The project team was focused on increasing the efficiency when dealing with suppliers of services, goods or works for enhancing the professionalism of the organization. In the project, procurement was termed as the act of attaining goods, the services or works from a certain external source. The procurement seemed to require that the services and goods or works provided be appropriate, being procured at a favorable cost in order to cater for the needs of the purchaser, in consideration of both quantity and quality. Moreover, time and location are considered, while the public bodies and corporations frequently define the processes that are intended to endorse open and fair competition suitable for their business and on the other hand minimizing the exposure to collusion and fraud. In addition, the contract management involves the act of managing the contracts made to vendors, customers, employees or partners, a...
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