Manage Projects Essay Example | Topics and Well Written Essays - 750 words

Manage Projects - Essay Example Procurement management plan was designed to define the process and requirements for the project and a closeout report is presented here. This plan united the scope of the project with the risks associated with procurement. The plan elaborated the process from procurement planning to procurement closeout. From the first step of documentation to the contract closeout, procurement management takes into account all the risks that may occur in the process. The damage of these risks was not enormous however; procurement management deals with these risks beforehand and protects the organization from loss. The procurement process runs smoothly as all the precautionary steps were taken. There was no risk of understatement or overstatement of goods which protected the project from bearing high cost. This project was chosen because the organization needed high quality shrubs, tires and bricks and company’s capacity isn’t enough to produce such items inside the company. The project remained well under the limit of $575,000 with $5000 to spare and they were spent on taking care of buyer’s claims. Project finished before the planned deadline. Out of the identified risks, delayed delivery affected the schedule of the project by two days but it was covered up due to manager’s efficiency. Financial forecasts were very accurate as the whole project was accomplished within the monitory limitations. Management was present and available for supervision. All major management was performed by the procurement project manager but senior management was available for support and necessary tasks; approval for solicitation etc. Finances were also managed adequately. Approval from CFO was taken before planning the whole procurement. Project team worked effectively and efficiently with the stakeholders. Hierarchy was designed specifically for the whole procurement process. The project manager was responsible for the success