Procurement and Contracts: Assessment 2

Running head: PROCUREMENT AND CONTRACTS: ASSESSMENT 2
Procurement and Contracts: Assessment 2
Name of the Student
Name of the University
Author Note

PROCUREMENT AND CONTRACTS: ASSESSMENT 21
Table of Contents
Assessment 2:.............................................................................................................................2
Part A:....................................................................................................................................2
Introduction and summarization of the procurement context and scope...........................2
Identification of the project procurement components and tender evaluation...................4
Part B:.....................................................................................................................................5
Description of the complexities and the key issues and risks............................................5
Discussion about the project environment and organisation aspects, leadership and
governance and how these have influenced outcomes.......................................................6
Part C:.....................................................................................................................................9
Identification of the key mitigations and possible learnings..............................................9
Identification of the dependencies and common themes...................................................9
References................................................................................................................................11

PROCUREMENT AND CONTRACTS: ASSESSMENT 22
Assessment 2:
Part A:
Introduction and summarization of the procurement context and scope
Project Management is the specific planning that a person takes in to make sure that
the development of the resources that are specifically provided to the person from different
sources are managed and organized to complete the project. It is not regarded as a piece of
work or it is not even considered as a process or a part of operation. This is because, a
planned project has their own starting, several goals and their ending. Project Management
also considers the input of the knowledge areas that is considered by the Project Management
Institute’s published book, which is known as the Guide to the Project Management Body of
Knowledge or the PMBOK Guide. This book is considered as the staple or the bible of
project management that also recognizes the Procurement Management as considered to be
one of the nine Knowledge Areas in project management. This is because there are various
numbers of ways by which the Procurement Management in a project are identified to be the
important aspect of the Process Groups as it has been described (Biedron, 2019). Therefore,
all these ideas would be involved in the development of the English National Stadium Project
at Wembley where the project would specifically be obtained by preserving the appropriate
procurement plan. The supplies that would be required for the project would be dependent
upon what would be the products and services that needs to be outsourced from the vendors
and suppliers about the Stadium to be established at a new site. Therefore, it was required to
have a proper idea about the procurement plan and develop the system to have a proper
collection about the required system needed to establish the system.
As per the findings by Marchewka, (2016), it has been identified that procurement
management is taken from the relationship between the outside vendors and the suppliers of

PROCUREMENT AND CONTRACTS: ASSESSMENT 23
the goods, the services and the raw materials to the people within the organization that were
in responsibility of the completion of the project. The process of procurement management is
also identified to be one of the primary reasons behind the maintenance of the proper
management of relationship between an organization, which in this case in and the supply
chain (Jo, Lee & Pyo, 2018). Therefore, the vendors and suppliers need to have good
relationship with the organizers of the stadium construction project for English National
Stadium Project at Wembley. The process behind the management of supply chain to regard
it as a binder of the relationship between the supplier and the organization to help the
organization in having a proper opportunity of understanding the execution of the products
and services of the organization according to the standards requested by the purchasing
organization.
This process is regarded as a proper planning of a project and understanding what is
regarded to be considered for the proper acquiring of the activities that has to be carries out
through and entire project right from the beginning to the end. The series of the procurement
activities that are required to be carried out throughout the project happens to provide some
amount of proper understanding of the interdependency of the resources to one another.
However, it is also needing to be mentioned that the procurement management of a project is
completely dependent on the project goals and objectives and it forms the fundamental part of
the project (Meredith, Mantel & Shafer, 2017). If the procurement activities of the project are
properly planned according to the appropriate requirements, it would be much easier for the
project to reach the goals and objectives and achieve success in no time. Therefore, from the
description of the project management as mentioned as above would be considered as the
proper management of the procurement and would identify that the proper handling of the
procurement plan would lead to the successful outcome of any project.