Question: Project Procurement Management Tutorial After watching the video, answer the questions below to prepare for a discussion about the project procurement purpose and processes. Your
- Project Procurement Management Tutorial After watching the video, answer the questions below to orepare for a discussion about the project procurement ourpose and processes. Your answers should be an analysis presented in the form of a minimum 3-page eport to the department manager. - What is the relationship between procurement and project management? - What is the main purpose of procurement management? - During which procurement process is make-or-buy analysis performed? - What process is performed at the beginning of the procurement management life cycle? - What is the name of the company that purchases products or services? - At what point during the procurement management life cycle do project teams perform procurement control activities? - What is the purpose of a statement of work (SOW)? - What is the name of the company that provides products or services? - What are the other names used to identify an entity that provides products and services? - What processes are recognized during the procurement management life cycle? - What tools and techniques are used during the conduct procurement process? - During which process do procurement teams monitor vendor performances
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