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    Project Procurement and Contract Management

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    Purchasing Functions

    Introduction:
    In a large organization, a specialized department or team performs the procurement function. However, not every organization can support such a department or team. In a smaller organization, the project manager is expected to perform procurement functions while managing the project. In such a case, the onus of successful procurement lies with the project manager.

    Task:
    Think of an organization without a central purchasing function. Now, answer the following questions:
    - What are the tasks that the purchasing function performs?
    - How does successful procurement affect the various phases of a project?
    - How can project managers facilitate procurement?

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    https://brainmass.com/business/project-management/project-procurement-contract-management-562657

    Solution Preview

    The purchasing function performs the task of ensuring that the most pertinent and high-quality material resources are purchased at the cheapest price possible, in order to fulfill project ...

    Solution Summary

    This posting describes the importance of effective procurement for project management.

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