Quality Risk and Procurement Management

Running head: PROJECT QUALITY RISK AND PROCUREMENT MANAGEMENT
Project Quality Risk and Procurement Management
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PROJECT QUALITY RISK AND PROCUREMENT MANAGEMENT
Table of Contents
1. Introduction..................................................................................................................................2
2. Discussion....................................................................................................................................2
2.1 Critical Evaluation of the Contemporary Quality or Risk Concept for project.....................2
2.2 Discussion of the Application of the Contemporary Quality or Risk Concept in Project
Environment and its Impact on Project Life Cycle.....................................................................3
2.3 Review of One Best Practice Model for Project Risk and Quality Management for
discussing the Overall Impact on Managerial Decision..............................................................4
3. Conclusion...................................................................................................................................6
References........................................................................................................................................7

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PROJECT QUALITY RISK AND PROCUREMENT MANAGEMENT
1. Introduction
Project management can be referred to as the specific practice for introduction,
organization, implementation, monitoring as well as ending of the work of a team for achieving
the most distinct goals and then fulfilling the identified success criterion at the respective time
constraint (Kerzner 2017). The main challenge of this project management would be obtaining
every project aim in the respective constraints. This particular information is being described in
documentation of projects and is eventually created at the initiation of the development
procedure. There are some of the most important and significant concepts for quality and risk
within project management and these are required to be considered on top priority for better
management of the respective project (Meredith, Mantel Jr and Shafer 2017). This report
provides a brief description on project quality risk and procurement management with relevant
details.
2. Discussion
2.1 Critical Evaluation of the Contemporary Quality or Risk Concept for project
Quality management is a repetitive cycle for measurement of quality, up gradation of
procedures, proper measurement until and unless the expected quality of the work is being
achieved (Heagney 2016). The major principle of this project quality management is ensuring
that the project work would be meeting or exceeding the expectations and needs of the
stakeholders. It is extremely important and significant to ensure that better quality is being
maintained in the project as soon as the quality standards are being met in the project and
different activities and procedures are being encompassed for figuring out and achieving the
overall quality of the project deliverables (Fleming and Koppelman 2016). Maintenance of
quality in the project would also ensure that the stakeholder needs are fulfilled under every