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