Project Procurement Process

Based on either your personal project experience or your research, select a project. In a 4-page research paper: Describe your project: XYZ company was able to reduce the amount of money spent on land acquisition costs for building construction by 15 percent using the PMBOK’s 4 processes of project procurement. Steps for procurement management project are: • Identifying what to procure and the timeline for purchase. • Finding the suppliers or service provider. • Obtaining Quotes • Managing relationship with supplier or service provider. • Contract Close-out
The paper should include: Introduction What is procurement management process? Write about your project Apply the PMBOK’s 4 processes of project procurement to your project, Analyze Positives/Negatives aspects of Project Procurement as Applied to Project