Project Management, Industrial Management, General & Heavy Industry - General & Miscellaneous

Project Procurement Management

Name: Project Procurement Management
Author: Quentin W. Fleming
ISBN: 9780974391205

by Fleming, Quentin W.

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Overview

This is a book about project management, that portion of the project which will be performed by another organization. It focuses on the procurement of scope from an organization outside of the project. Often, the success or failure of a project is dependent on how well the project can plan, define, solicit, authorize and manage this external relationship.

Not all project procurements are the same. Unless the project carefully makes an assessment of the items it will make, versus the items it will buy, and then adequately plans for these purchases, the risks of performance will raise. Project procurements are simply sub-projects which need to be managed well, not blindly delegated to an independent organization to buy for the project. Certain procurements, major complexity new developments, creating something according to the project's specification, must be managed by the project team, supported by the professional procurement organization.