In Module Five, you will continue your case study analysis for the final project. You will summarize the key procurement principles, including value for money, ethics, competition, transparency, and accountability. You will discuss how a professional procurement process satisfies those principles. You will then apply this knowledge to evaluate the contracting decisions made in your selected case study. This milestone addresses the critical elements in Section V of the final project.

Prompt

Specifically, address the following criteria in your analysis:

Procurement in Practice

Summarize the key principles of value for money, ethics, competition, transparency, and accountability.

Discuss the importance of the key principles in effective procurement.

Evaluate the contracting decisions described in the case study for the extent to which they satisfy key procurement principles of value for money, ethics, competition, transparency, and accountability. For example, consider the field situations or situational decision making.