MGMT-6054 Lecture Notes - Lecture 11: Contract Management, European Cooperation In Science And Technology, Organizational Culture
Document Summary
Project procurement examples make or buy decision. Many projects need the assistance of suppliers, subcontractors/consultants and vendors to meet the time, budget and quality requirements of a project. Organizations may not have the skills in-house. Organizations may want to move risk away from the organization (risk transfer) manager/specialist in your organization regarding procurement on any project. Reduces risk (usually: scope of work, type of contract, terms and conditions. Increases profitability: quantity purchases, minimized project cost. There may or may not be a procurement department in an organization. The need for a vendor selection process. For some small or mid- sized organizations, all of these can be issues. Operating procedures for vendor selection, vendor management, vendor evaluation, etc. often use process flowcharts with inputs, actions and outputs. Supplier: supplies goods directly to a company or provide goods to a vendor. The make or buy decision depends on: expertise. Faster project completion (can crash schedule with more resources available)
