Project Procurement Management - Essay Example

Add to wishlist

Summary

TopLiance Corporation sells home appliances. They have over 50 sales agents across multiple states. They have decided to implement an online sales program, which is Internet based and is expected to increase the sales volume and enhance the profit margin. As a person leading the project team, my objective is to generate the project charter, schedule and rough cost estimate.
…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER91% of users find it useful

Read Text Preview

Subject: Business
Type: Essay
Level: College
Pages: 3 (750 words)
Downloads: 2
Author: zwaelchi

Extract of sample "Project Procurement Management"

Download file to see previous pages

A signed Charter authorizes the Project Team to begin work on the project. Project Schedule gives planned dates for starting and completing activities and milestones. Project schedule could be an addendum to the project charter or be part of the charter document itself to provide a high-level timeline of the project to the management and the stakeholders. The Project charter should contain rough estimates for the management to budget for the project or choose to approve this project over other projects that are in contention for the funding.

This could also be included in the charter document itself or be a separate supporting document as an enclosure. Expense itemCosts$Capital costsHardware$25,000.00Software$106,000.00Infrastructure$83,000.00Installation$12,000.00Professional Services - implementation and training$200,000.00Others$53,000.00Total Capital Costs$479,000.00First Year Operating CostsSalaries$300,000.00Computer Operational costs$85,000.00Contracted Services$200,000.00Professional services$150,000.00Others$75,000.00Total first year operational costs$810,000.

00Total budget cost estimate$1,289,000.00References:1. Project Charter definedAuthority DocumentationComparing Prince2 with PMBOKhttp://www.maxwideman.com/papers/comparing/authority.htm2. What should a project charter containA Project Charter templatehttp://www.vita.virginia.gov/projects/

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Project Procurement Management

Some Project Procurement Management Issues

The assignment “Some Project Procurement Management Issues” makes assumptions as to the purchasing specifications required, various types of procurement involved and explains which would apply to the various goods and services involved, develops a risk profile for the procurement, etc.... hellip; Data and management requirements: software solution must be able to compile the data every hour.... After checking the IT department availability, the company has nobody skilled or available to complete the project, however, a senior PM from the company has availability to manage the activity....

8 Pages (2000 words) Assignment

Article Review of any: Production and Procurement in the Aviation/Aerospace Industry

On the other hand, it can be observed that the process of Project Procurement Management is also very important in the aviation and aerospace industry.... Basically, “Project Procurement Management includes the processes required to acquire goods and services, to attain project scope, from outside the performing organization,” (Fleming, 2003, p.... Therefore, procurement management is essential in the large aircraft industry where quality issues ought to be given priority....

3 Pages (750 words) Article

Contracting and Procurement in Project Management

roject procurement management is "the process of purchasing goods or services from the vendors" (Phillips, 2003).... Thus, it is of great importance that the procurement management should effectively be integrated into the overall process of project management so that project can get completed within budgeted times, costs and schedules.... t is also important to understand that the process of procurement management is a phased process therefore it is not only time consuming but also need to have a more strategic outlook as it also provides an opportunity to develop long term relationships with the vendors....

5 Pages (1250 words) Essay

A Guide to the Project Management Body of Knowledge

roject procurement management: This process is required to process and achieve products and services, or other outcomes that are required out of the project management team.... The following paper under the title 'A Guide to the Project management Body of Knowledge' gives detailed information about PMBOK which presents a collection of nine knowledge areas that are widely accepted as the best practice in the management discipline.... hellip; Project Integration management includes the activities and processes required to establish, describe, unify and coordinate the project and process management activities within the Project management group....

1 Pages (250 words) Essay

Project Procurement Management

Udom (2015) postulates that procurement as being a process of purchasing, leasing of various aspects such as plant machinery, materials or even equipment....

3 Pages (750 words) Assignment

INF336: Project Procurement Management Wk1

In as much as the supply chains to an extent increase the efficiency very recent occasions of tsunami and unexpected… For instance, there have been severely influenced worldwide electronics production and mass disruptions on business such as automotive industries due to risks such as floods, earthquakes Project Procurement Management Risk management Risk management is a very essential aspect in project management.... It has come to most people's realization that the upcoming risks that normally come along with vulnerabilities often are better addressed adequately at the management level....

2 Pages (500 words) Assignment

Project Life Cycle

The author of the paper states that a project is a temporary endeavor undertaken to create a unique product, service, or result (Project management Institute, 2004).... Project management involves planning, executing, monitoring and controlling, and closing the project.... The project management team is also developed during this phase.... he project management organization depends on the nature of the project and the company which manages the project....

8 Pages (2000 words) Coursework