Comparing Procurement Management: PMBOK and Organizational Alignment
VerifiedAdded on 2023/06/10
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This report provides a detailed comparison between the Project Management Body of Knowledge (PMBOK) procurement process and the procurement process used in a specific organization. It highlights the similarities and differences in key elements such as planning, monitoring, control, and closing phases. The analysis covers aspects like contract type decisions, execution phases, and the alignment of organizational practices with PMBOK standards. The report also discusses the potential for aligning the organization's procurement process with PMBOK, considering what aspects would work well and what challenges might arise, supported by examples from the organization and relevant literature. The modified procurement planning in the organization supports the requirement of the project and merges the advantages of the project procurement planning in the PMBOK as well as fulfills the requirements of the organization.
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