Effects of Procurement Processes on Project Execution
Dealing with Project Execution Challenges through Efficient Processes
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The purpose of this book was to unearth the challenges that occur in procurement processes and the effects these challenges have on project execution. Project procurement management is the production of associations with outside merchants and providers for merchandise and enterprises expected to finish a task. This process encompasses five stages: initiating and planning, selecting, contract writing, monitoring, and lastly, closing the deal. Findings identified that procurement challenges were rooted in the company's method of execution which comprises supplier-related issues, strategy selecti...
The purpose of this book was to unearth the challenges that occur in procurement processes and the effects these challenges have on project execution. Project procurement management is the production of associations with outside merchants and providers for merchandise and enterprises expected to finish a task. This process encompasses five stages: initiating and planning, selecting, contract writing, monitoring, and lastly, closing the deal. Findings identified that procurement challenges were rooted in the company's method of execution which comprises supplier-related issues, strategy selection issues, cost reduction and savings achievement factors, data accuracy issues and stakeholder management concerns. The aforementioned challenges have been used to augment and corroborate theoretical information existing in literature and to proffer solutions through pragmatic recommendations for improving procurement processes with the intent of enhancing project execution efficacy and effectiveness and to further add input to the existing body of knowledge concerning the effects of procurement processes on project execution in project management.
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