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Impact on procurement management
12 Project Procurement Management
Theory of procurement
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Recommended: Impact on procurement management
The focus of this week’s discussion seems to center around procurement management and its relationship with project managers. In an attempt to fulfill the guidelines set forth in the discussion thread instructions I will begin by answering the following question: “As a Project Manager, what procurement management activities have you performed or experienced in the past?” Though my current position title is not a Project Manager I have been tasked with many of the procurement duties often times associated with Project Mangers.
As a Project Manager, what procurement management activities have you performed or experienced in the past?
Currently I work as a supply technician at the Warrior Transition Battalion located at Fort Carson, Colorado. This organizations essential mission is to assist and facilitate the needs of wounded warriors stationed at Fort Carson as they embark on a journey to regain their physical and mental health. By definition as a supply technician I am responsible for conducting all procurement management transactions within my organization. In the past I have been responsible the following actions: identifying potential goods and services, selecting vendors, price comparisons, conducting negotiations about prices and delivery schedules, government credit card reconciliation, reception and distribution of goods, and conducting inventory management. Though these aren’t the only procurement duties I have done these are the ones that come to mind immediately because I conduct them frequently.
If the PM has not completed those activities, who in the organization has?
The second question in the thread actually coincides quite well with the first question as it asks students to identify who if a...
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...is successful.
Conclusion
I found this first discussion to be an excellent introduction into the course itself because it forces students to insert themselves into the scenarios. I found the discussion to be quite useful as it helped me to better correlate my current professional duties with that of a project manager. This assignment has helped me to get back into the swing of things and I look forward to the weeks to come.
Works Cited
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economic impact assessment into procurement strategies. Impact Assessment & Project
Appraisal, 29(3), 205-215. doi:10.3152/146155111X12949673796128.
Tunca, T.I., & Wu, Q. (2009). Multiple Sourcing and Procurement Process Selection with
Bidding Events. Management Science, 55(5), 763-780.
With the intention of providing the organization and team members the opportunity to improve their skills and understand project management models, the PMO will foster education and a “lessons learned” database for future
Conclusion Ultimately I did a much better job of implementing course material into my approach to leading the project team. Though no formal leadership role was established, I ended up becoming the “point-man.” Instead of viewing this reality as a burden (as I have been) I should make the most of the opportunity to better myself and potentially others. Additionally, and perhaps most importantly, I need to make sure that I am meeting and exceeding the demands that the group places on itself and demonstrate that I am motivated.
Maton, K. I. (2008). Empowering community settings: Agents of individual development, community betterment, and positive social change. American Journal of Community Psychology, 41(1-2), 4-21.
Jugdev, K. (2012). Learning from Lessons Learned: Project Management Research Program. American Journal of Economics and Business Administration , 4(1), 13-22.
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Téllez, K., & Waxman, H. (2010) A Review of Research on Effective Community: Programs for
Procurement is a subject that has a wide variety of branch. Many areas need the knowledge of procurement in order to practice effectively or attain their maximum profit levels. Procurement helps in determining when and how one should conduct certain transactions in the business. Procurement principle s help to guide healthy relationship with other subjects and avoid many business mistakes that have a high probability of happening. Some of the main principles that procurements deal with include; f value for money, ethics, competition, transparency, and accountability. This principles help procurement to be effective thus help in making important decisions in organizations.
The projects in today’s world are given a lot of importance and it will continue to grow in the coming years. There are a lot of companies which do not have production, but all of them do have projects. There are a lot of books which have been published on which related to planning and managing the projects. The one of the most important one was published by the author Eli Goldratt in his book ‘Critical chain’. This book basically talks and shows how the application of theory of constraints in the field of project management. The novel is basically based on one of the MBA classes in America where a number of ideas are developed in discussions among the students and the lecturers. The lecturer is basically fighting for a tenure with the president of the university who expects a downturn in the executive MBA. The lecturer who teaches project management has a word with one the senior colleagues and project management was the right topic to teach. There were three students who were placed in the project management team of their company which manufactures electronic products. The students are enrolled in this MBA class along with other students, here they discover a new approach to project management which is known as the
Project Management Institute (PMI) (2013). Project Management Professional (PMP) Handbook. [ONLINE] Available at: http://www.pmi.org/certification/~/media/pdf/certifications/pdc_pmphandbook.ashx. [Last Accessed 20 April 2014].
From the lessons, I have been able to understand various methods and procedures in managing a project team. My lecturer gave a brief introduction of the topics which are going to be discussed in the 2nd course “Managing the Project team”. I was excited to go through those topics as some of the terms were familiar to me.
Project management is a discipline based on careful planning, organization, motivation and control of resources to achieve specific goals and meet specific success criteria. Since every project is unique in nature, a project manager must learn to adapt and identify key areas to drive success. Thus, as a learning initiative, we were given a project to manage through a simulation program named Sim4Project. The emphasis of this simulation was on learning-by-doing, just like in a real-life project. Sim4Project provided a good mix of theoretical knowledge as well as hands-on experience. Professor Leonie gave feedbacks at the end of each period to ensure we were incorporating the project management principles learned in the classroom.
Those people who have the responsibility for buying the right amount of product or service at the right price are often called buyers or procurement managers. To become a procurement manager, right procurement training is very important. A certified procurement manager is rather responsible for managing a huge budget with loads of responsibility, sourcing quality ingredients to make the product. A responsible procurement supervisor always has the intention to make the company profitable. And a good procurement team will make a real impact on a company’s bottom line.
(2014) deduced that procurement performance can be assessed by focusing ondelivery,flexibility, quality, cost and technology. Optimal performance attainment is dependent onhow current suppliers`relationships aremanaged so asto ensure constant availability of needed quality supplies at the organization. This will ensure that sourced materials are indeed procured at the right costand atthe right time. Procurement performancestrives toenable improvements in the procurement process at the organizationso as to improve on qualitydelivery of firm products and servicesatleast possible time and
In general, there are different types of procurement type for various situations due to no one method can be suitable under the all different construction project. In this case, there are four procurement paths, which are traditional, design and build, management and design and manage, will be advised to use. However, each method has different aspects of advantages and disadvantages.
I am committed to developing my professional skills to allow me to work to the fullest of my potential, and as a consequence I am highly motivated to study for an MSc in Project Management. I believe that it is essential for project managers to be equipped with the skills that are necessary to allow ambitious projects to be completed on budget, on time, and according to their original specifications, and I believe that completing this master’s is the best way to acquire those skills.