Project procurment management
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This document discusses project procurement management. It defines procurement as acquiring goods and services from outside sources. Experts predict the worldwide IT outsourcing market will grow to over $580 billion by 2016. U.S. federal spending on IT outsourcing is projected to increase from $6.6 billion in 2002 to nearly $115 billion by 2015 due to emphasis on e-government, homeland security, and shortage of IT workers in government. The document outlines the procurement process and different types of contracts used.
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Identify the role of supply chain management in project management and its importance for ensuring project success.
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Describe the various formats for supply contracts and when each is appropriate.
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Inter-organizational purchasing-related issues supply chain management
A supply chain consists of all parties involved in fulfilling a customer request
Integrating SCM into PM can significantly enhance the effectiveness of project management
Introduction to Project Supply Chain Management
Integration of related functions to acquire needed products and services
Purchasing
Supply management
Procurement
Project Supply Chain Management
A system approach to managing flows of physical products, information, & funds from suppliers and producers, through resellers the project organization for creating customer satisfaction
SCM Components
Make-or-buy decision
Contract types
Collaboration and cooperation
System integration
Make-or-buy decisions – deciding whether to make something in-house or purchase it from a vendor
SCM Factors
The importance of SCM to general project management depends on a number of factors:
Value of outsourced products/services relative to value of the project
The timing of the work being purchased
Capability of the project team
Role of the outsourced work in the entire project
Number of suppliers required
Structure of the procurement supply chain
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Plan Procurement Management
Conduct Procurements
Control Procurements
Plan Procurement Management
Plan for purchasing and acquisition
Complete most of pr.
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Project procurment management
- 2. Procurement means acquiring goods and/or services from an outside source Other terms include purchasing and outsourcing Experts predicted that by the year 2016 the worldwide information technology outsourcing market would grow to over $580 billion U.S. federal spending on IT outsourcing is projected to increase from $6.6 billion in 2002 to nearly $115 billion by 2015 due to an emphasis on e-government, homeland security, and the shortage of IT workers in government WHAT IS PPM
- 3. To reduce both fixed and recurrent costs To allow the client organization to focus on its core business To access skills and technologies To provide flexibility To increase accountability WHY WE DO PPM
- 4. Procurement planning: determining what to procure and when Solicitation planning: documenting product requirements and identifying potential sources Solicitation: obtaining quotations, bids, offers, or proposals as appropriate Source selection: choosing from among potential vendors Contract administration: managing the relationship with the vendor Contract close-out: completion and settlement of the contract PROCESS
- 6. Fixed-price or lump-sum: involve a fixed total price for a well-defined product or service Cost-reimbursable: involve payment to the seller for direct and indirect costs Time and material contracts: hybrid of both fixed-price and cost-reimbursable, often used by consultants Unit price contracts: require the buyer to pay the seller a predetermined amount per unit of service TYPES OF CONTRACT
- 7. A statement of work is a description of the work required for the procurement Many contracts, or mutually binding agreements, include SOWs A good SOW gives bidders a better understanding of the buyer’s expectations SOW STATEMENT OF WORK
- 8. THANK YOU