PM 6000-8 – Procurement Management Plan

PM 6000-8 – Procurement Management Plan

Subject: Business    / Management
Question

Week Introduction:

Procurement Management Plan

A Procurement Management Plan must itemize the services, information, parts, and/or equipment that must be procured to support the execution of the tasks in the Project Schedule. For each of these procured items, the plan must specify when the procured items is needed, what the purchasing lead time is, when the Purchase Order (PO) must be released, whether inspection is required upon receipt, location of delivery, and payment terms. This level of detail is required to successfully manage procurements because delays in the release of PO’s, misunderstandings about purchasing lead time or required delivery locations, and confusion about payment terms can negatively impact the project schedule, cash flow, and budget.

Review the resources listed in the Books and Resources area below to prepare for this week’s assignment(s).

Books & Resources:

Book

Kerzner, H. 2009 Project management: A systems approach to planning, scheduling, and controlling.

Instruction:Read Chapters #16 and #19

Article/Journal

Brandon-Jones, A., & Carey, S. (2011). The impact of user-perceived e-procurement quality on system and contract compliance. http://search.proquest.com.proxy1.ncu.edu/docview/851358351?

Instruction:Read Article

Griffiths, G., & Payab, H. (2010). Supply on the heels of demand*: issues of e-procurement. http://search.proquest.com.proxy1.ncu.edu/docview/813334546?

Instruction:Read Article

Website Link

Turner, R. W. (2011). http://proxy1.ncu.edu/login?://search.ebscohost.com/login.aspx?&&.10520078&-live

Instruction:Read Chapter 3

Assignment: Build a Project Procurement Management Plan

Instructions:

For Your Selected Course Project, identify what will need to be procured, when the purchase order for each item or service will need to be released, when the item or service must be delivered by the vendor from which it is being purchased, the budget for each item or service, and any issues that may affect the procurement of each item or service.

Support your paper with a minimum of three (3) scholarly references.

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.

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