The business problem for this project is presented as the gap between the existing state and a desired

state of the University of Prosperity$$s project and portfolio management capabilities. Although many

problems turn out to have several solutions or ways in which to close the gap or correct the deviation,

difficulties arise when the business problem is not accurately defined. Reference below the description

of the business problems.

$$ Lack of strategic alignment across project portfolios: the University of Prosperity has a problem

to prioritize projects by value and aligning resources to projects with strategic priorities.

$$ Limitation by not having a system of record $($single source of truth$)$ for reporting purposes. This

problem translates into reports with not accurate information and reports produced not in a

timely manner. Hence, decision$-$making is compromised and not optimal.

$$ Lack of a common streamlined process for project management, and not having tools, and

methods, needs for project execution. Provide The procurement strategy bused upon business problem.

The Procurement Strategy must contain the following sections.

Business Problem

Applicable Assumption

Delivery Method and Performance$-$Period Requirements

Contract Type

Procurement Phases