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SBM1202 Project Management Fundamentals

   

Added on  2020-02-24

9 Pages2627 Words107 Views
FinanceLeadership ManagementProfessional DevelopmentPolitical Science
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QRP Literature ReviewProject Management Fundamentals 4
SBM1202 Project Management Fundamentals_1

Table of Contents1)Introduction..............................................................................................................................22)Definition of Quality Risk & Procurement (QRP) systems.....................................................23)QRP systems framework..........................................................................................................24)QRP management concepts......................................................................................................35)Objectives of Program/Project QRP system............................................................................46)Roles & responsibilities of the QRP Manager.........................................................................47)Functions within QRP..............................................................................................................68)Conclusion................................................................................................................................6References........................................................................................................................................71
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1)IntroductionA literature review focusses & discusses on a particular subject. It is an exploration & evaluationof a literature on a specific concept. This literature review gives an in-depth acquaintance of major project/program management areas i.e. quality management, risk management and procurement management. The aim of this literature review is to provide fundamental knowledgeof the QRP concept. It defines each concept of QRP & explains how it is interrelated to each other. It further describes the significance of quality, risk & procurement management in an organization and its objectives. This literature review explains roles & responsibilities of a QRP manager, its strategies, planning, processes etc. Many of the project management concepts of QRP system used in this literature review are interrelated to the previous reviews. This literature review gives advance information about QRP functions and its implementation in a project or organization, using the concepts discussed in earlier reviews like goals, business case, strategic management, time, cost, team definition & its role & responsibilities etc. 2)Definition of Quality Risk & Procurement (QRP) systemsQRP system revolves around three facilitating areas of project management. The quality management system is an approach to improve processes, plan, document and deliver a quality product or service in a project lifecycle. It will have project goals, allocation of responsibilities, governance measures, etc. to ensure quality[ CITATION Kno11 \l 1033 ]. Risk management involvesplanning, analysis, evaluation, tools & techniques to manage risks, monitor & mitigation of the risks to reduce its impact [ CITATION MRo16 \l 1033 ]. Procurement management encompasses planning, purchase, transportation and warehousing of the goods & services using standard methodologies.3)QRP systems frameworkQRP system is designed to facilitate project strategies, objectives & deliver the product or services. Quality, risk & procurement functions are integrated into each phase in a project 2
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