Explain the role of procurement management and planning in

Question

Explain the Role of Procurement Management and Planning in a Project

In a paper, provide a detailed explanation of how the knowledge gained in this course provided you with an understanding of a critical component of project management: procurement management and planning. How would you define successfully monitoring and controlling a project? What challenges do project managers face during monitoring and controlling? The personal insights paper serves as the foundation for your discussion with your course instructor and possibly other students in Discussion portion of this week.

Answer 1

In the given assignment, you have to provide a detailed description titled – ‘Describe the role of Procurement Management and Planning in a Project’. Include the understanding of the vital component of project management - procurement management and planning. Illustrate how would you define successfully monitoring and controlling a project? What are the challenges do project manager’s face throughout monitoring and controlling?