Project Procurement Management Plan

Running head: ASSESSMENT TASK 2
Assessment Task 2: Project
Name of the Student:
Name of the University:

1ASSESSMENT TASK 2
Table of Contents
Introduction......................................................................................................................................3
Task 1: Determine procurement requirements................................................................................3
1.1 Approach to identify procurement items for procurement register.......................................3
1.2 Procurement management plan..............................................................................................3
Task 2: Establish agreed procurement processes.............................................................................6
2.1 Information to potential suppliers through selection process................................................6
Task 3: Conduct procurement activities..........................................................................................7
3.1 Governance constraints for procurement...............................................................................7
3.2 Vendor ranking......................................................................................................................8
3.3 Major components of terms and conditions of contract........................................................9
Task 4: Implement and monitor procurement.................................................................................9
4.1 Variation in project execution...............................................................................................9
4.2 Issues in procurement..........................................................................................................10
4.3 Impact of issue to project timeframes, costs and contracts.................................................10
Task 5: Manage procurement finalization procedures...................................................................10
5.1 Detailed completion activities in procurement....................................................................10
5.2 Review project performance in terms of procurement........................................................11
5.3 Listing of procurement management issues........................................................................11
Conclusion.....................................................................................................................................12

2ASSESSMENT TASK 2
References......................................................................................................................................13

3ASSESSMENT TASK 2
Introduction
Max Lionel Realty (MLR) has decided to implement project procurement program for
building goodwill as well as satisfaction of the customers. The report is reflected on determining
of the procurement requirements in MLR, establishing agreed procurement procedures,
conducting the procurement activities, implementation and monitoring of procurement items
along with management of procurement at the final stages.
Task 1: Determine procurement requirements
1.1 Approach to identify procurement items for procurement register
The project procurement plan is used to identify the items for procure for the
procurement register. This plan is included processes required for purchasing and acquiring the
products and services from external project team. The plan is included contract as well as change
control for developing and administering contracts and purchase orders concerned by the project
team (Fleming 2019). It also contains contracts and legal documents among buyer as well as
seller.
1.2 Procurement management plan
Procurement register
Procuremen
t item
Procureme
nt manager
Requiremen
ts
Sourcing
approach
Contract type
and budget
Risks
WHS and
anti-
Procurement
manager
Organization
legislation
Contracting
with supplier to
Time and
materials
Lack of
resources