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 increase. 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 developments, creating something new, which does not exist, according to the project's unique specification, must be managed by the project team, and supported by the professional procurement organization. The project's team leader must assume the management responsibility. This book zeroes in on the effective management of 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. This book has been updated to be consistent with Chapter 12 of the Fourth Edition of the PMBOK ® Guide, released by PMI in December 2008.

Project Procurement Management ExplainedStephen Guth focuses, through a practitioner's eyes, on the Project Management Institute's (PMI(R)) Project Procurement Management Knowledge Area. The PMI's A Guide to the Project Management Body of Knowledge (PMBOK(R) Guide)-Sixth Edition is used as a basis to describe key elements of structured procurements, including procurement planning, competitive solicitations, negotiations, legal considerations of procurement, contract management and administration, dispute resolution, and procurement ethics.Project Procurement Management: A Guide to Structured Procurements explains and elaborates on Project Procurement Management, bridging the gap between project managers and procurement professionals and guiding the reader on the "how to" of implementing a structured procurement methodology in a real life setting. Whether you are a project manager seeking to understand procurement or a procurement professional who is considering Project Procurement Management as a basis for building a structured procurement methodology, this book has something for you.

The acquisition of goods, works, and services through public fund is called public procurement. Public procurement is obligatory for the successful implementation of public projects. Public procurement encompasses following processes: - Preparation of annual budget after estimation of needs by the procuring agencies, - Preparation of annual procurement plans following budgetary allocation, and- Accomplishment of procurement plans through a procurement process which includes submission of bids, bid opening, evaluation of bids, contract award, and contract management.The main objective of public procurement is the provision of quality and cost effective goods, works and services to the public through public projects.Public procurement begins with the identification of needs and stimuli required for implementing public projects; categorization of these requirements into goods, works, and services; cost estimation; suppliers management; contract award and management; supply and receipt of goods, works, and services; efficient and effective utilization of goods and services procured to achieve desired results; and maintenance and disposal.Gone are the days when public procurement was considered as just the simple task of purchasing of goods, works, and services which was handled by clerks and store keepers. Recent years has seen public procurement as a complex procedure, which includes involvement of multiple stakeholders. Public procurement in our time is conducted and managed by qualified and competent professionals.Governments introduce public projects to improve the standards of living of the public. The main objective of these projects is to convert available resources into timely, cost-effective and quality services. Adhering to public procurement rules and regulations is vital for accountability of public spending and supports good governance. It also helps to improve economic and social development of a country. Efficient public procurement is essential to ensure timely acquisition of goods, works, and services intended for the public.The magnitude of public procurement in every country is accumulating rapidly, resulting from mammoth growth in economic activities across the nations. A boom in information technology has increased the awareness among the public about their rights of access to benefits from public projects; they are now at a vantage point to dare and analyze the outcome of public procurements. They are aware of the fact that poor procurement practices can inhibit them from receiving benefits of these projects.Public pressure on their governments for timely, quality, and cost-efficient delivery of services is increasing consistently. This growing pressure obliges governments to focus more cuttingly on improvements in procurement legal framework and procedures; with emphasis on risk management, accountability, probity mechanisms. The governments are searching for innovative techniques, including e-procurement, public private partnership and green procurement etc.Public procurement reforms are largely dependent on how a government addresses the capacity-building needs of procuring agencies and public officials to successfully conduct a procurement process. The aim of effective application of procurement reforms is to have a significant impact on the economic development of a country's public and private sectors. Nevertheless, in developing countries, minute consideration is paid to capacity building of the procuring agencies and development of the private sector for and through public procurement.

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“For the first time, the basic steps and skill set required for successful project management is specifically adapted to the procurement process. Procurement Project Management Success is a practical guide that will help purchasing professionals manage their procurements in a cost-effective, systematic, and timely manner.” —Sherry R. Gordon, President, Value Chain Group LLC Based on the author’s real world experience during the course of her career in supply management, engineering, and as a project management professional, this unique guide demonstrates a practical and proven approach to using project management strategies, tools, and techniques to consistently create successful procurement practices that go beyond mere cost savings. Procurement Project Management Success integrates supply management best practices and processes with those applicable from the field of project management. It explains how to initiate, plan, manage, and complete both simple and complex procurement projects successfully. Through the use of scheduling, communication plans, risk management and other project management processes, these procurements satisfy stakeholders by setting expectations, continuously communicating status, and getting the best value for the dollar. This book shows project managers all the steps and processes used in procurement, and details for procurement professionals how adding and applying a few project management processes and techniques to their skill set can substantially improve both their company’s results and their career opportunities.

An authoritative guide to planning, implementing, measuring, and optimizing supply management and procurement processes, this book brings together up-to-the-minute principles, strategies, and decisions for all relevant processes, strategies, and tactics.