Description
Procurement Management is a work process of managing and controlling the procurement activities (e.g., bidder evaluation; bidding; contracting; expediting and inspection; transportation; payment; close-out etc.) to supply required equipment and materials or services to the project team on time, within budget and respected quality and quantity. The procurement work process is developed based on a fair and open competition. The procurement team evaluates and records a performance of suppliers (vendors) with the project team and related organisations to update company’s bidder list (supplier’s list) for the future business. Responsibility of the procurement team can be extended to a whole bulk material handling work process: the Material Management (from the bulk material take off (MTO) to field material control).
The Project Definitions have been defining and developing in terms of the agreed project language by ThePD (The Project Definition) as for the Preferred Project Definitions. The Project Definition is a clearly and concisely defined statement of the exact meaning of words, phrases, sentences, or descriptions of the subject in the project business. The Project Definition is an essential requirement and a critical success factor for the project execution to communicate accurately with the same understanding of the meaning or terminology. The Project Definitions and related information is included in the website (www.theprojectdefinition.com) and published daily basis to the subscribers. Users who want to keep own file, can purchase the Project Definition as a beta version (B4) today with a big bargain.
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