Project Risk And Procurement Management - 2530 Words

Module Project Risk and Procurement Management Assignment Title PRaPM Mid Term Assessment Hand-in Date 19th October 2014 Student Number @00403680 Table of Contents Table of Contents Abstract 3 Introduction 3 Body 4 Conclusion 8 Figure 1.1 9 Figure 1.2 9 Figure 1.3 9 Bibliography 10 Abstract Risk management is an essential factor of planning, organizing and managing projects and events. A professional project manager knows no matter how well planned risk cannot be entirely eliminated. The concept of risk is defined and strategies of managing it successfully are explained. Risk can be measured and ranked to identify where it lies on the scale, the project manager or risk manager is responsible for preparing for the future, should it or should it not be required. Risks can either be a negatively unanticipated occurrence as commonly viewed, or a positive occurrence. The concept is to know of the wave in the distant and be prepared enough to avoid, accept, transfer or mitigate it, essentially a hypothetical stage setting of, what if. Introduction Society in recent times have inevitably become more demanding and more blameful as accountability data has become widely recorded and accessible, meaning insurance claims and liabilities are the tip of the iceberg when things do not happen as they were planned. Risk management, therefore is highly important to be procured prior to the commencement of the project or event. Beginning with theShow MoreRelatedCPMGT 302 Week 4 Procurement Planning Paper1333 Words   |  6 Pagesï » ¿ Procurement Planning CPMGT 302 Procurement Planning The needs of a project must be carefully identified, sourced and acquired to have a successful procurement process. Procurement planning is essential to the overall success of a project. It involves identifying the materials and services, finding the suppliers, and properly documenting the transactions. This paper includes a description of the procurement planning process. The most valuable output of the plan procurement process will beRead MoreProject Procurement Phases1690 Words   |  7 PagesASSIGNMENT #1: PROJECT PROCUREMENT PROCESSES Assignment #1: Project Procurement Processes By Sue Dickson PMAN 641 – Project Procurement Management Professor William C. Andersen University of Maryland University College February 15, 2013 Table of Contents Introduction 3 Plan Procurements 3 Conduct Procurements 5 Administer Procurements 6 Close Procurements 7 Conclusion 7 References 8 Assignment #1: Project Procurement Processes Introduction According to the Project ManagementRead MoreProcurement Of Procurement Management Process999 Words   |  4 PagesEvery project involves many different processes, tasks, and planning. Each project will involve some level of procurement risk associated with contracts. The procurement management process will need to be determined. In order to have a successful team the administrative and behavioral aspects will need to be addressed. Once these are addressed some team development strategies will need to be employed to increase the characteristics of an effective team. Once an effective team is gathered a communicationRead MoreProcurement Planning1194 Words   |  5 PagesProcurement Planning CPMGT302 Kerzner (2009) defines procurement and contracting as the process that involves two parties with different objectives who interact on a given market segment. (p. 840) As with every phase of project management, proper planning is key to the success of any project by ensuring the project gets the most out of any supplier relationships. This paper will define the project procurementRead MoreEssay about Project Management1200 Words   |  5 PagesThe Processes of Project Procurement Derrick A. Gardner University of Maryland University College PMAN 641 March 1, 2015  Project procurement management is an overall process that identifies and acquires the necessary products and services to successful support the development or the ongoing work of a project. Typically, it is the project managers responsibility to oversee the entire procurement process. However, in some instances, the company or organization may seek another person to carryoutRead MoreRefurbishment Of Broron Oil And Gas Limited Three Storey Building1675 Words   |  7 Pagesappropriate procurement system in delivering a good standard office apartment for boron oil and gas limited. The scope of this project is to design and construct and appropriate office structures. Which involves different stages of work in these projects? Our task involves †¢ Planning a risk management plan †¢ Creating a risk register and a risk response plan. †¢ Identifying possible risk project and procurement strategy. †¢ Undertaking qualitative and quantitative risk analysis. †¢ Risk tracking andRead MoreProject Management : Management Process770 Words   |  4 PagesProject management is a procedure to arranging and directing project methodologies from beginning to end. Project managers should be able to meet scope, time, expense, and quality objectives of activities, also they ought to encourage the whole methodology to address the needs and desires of individuals included in the project. It is a job to manage project’s goals, timeline and budget clearly. Project management process have these key components. †¢ Integration Management †¢ Scope Management †¢ TimeRead MoreProcurement Process Essay examples1297 Words   |  6 PagesProcurement Process Deanna Thele CPMGT/302 January 30, 2012 Pamela Hill Procurement Process Procurement management is the processes to purchase or acquire the products, services or results needed from outside the project team to perform the work. Project Procurement Management involves not just purchasing products, services or results, but also ensuring that those that are purchased are right for the project, meets standards and is based on project requirements. This life cycle includes trackingRead MoreProcurement Strategy for a Construction Project Essays1220 Words   |  5 Pagesselect a suitable procurement strategy for a construction project, there are some issues which need to consider. From all of those issues, there are 3 big issues that mainly affect the selection decision which are time, cost and quality. There is several type of procurement strategy available in market that commonly used for construction project and each of the common method will be analyze and compare to find the most appropriate method for this project. The choice of procurement strategy is ve ryRead MoreStadium Contracts1073 Words   |  5 Pageswas built using a Design and build Procurement strategy. A Design and build strategy is where a single contractor is responsible for both the design and construction of the stadium. The client must specify the type of building they require and the contractor proposes the best design to meet this, this information was found at the web address Building.co.uk. A design and build project allows the low risk factor as for the client has the contractor takes on the risk by offering a fixed cost contract

Confronting Race, Racism and White Privilege Free Essay Example, 1000 words

People in our society can go through life without knowing about white privilege or realization that they too have this privilege. This means that the non-particularity of whiteness or normalcy of whiteness makes it transparent . This transparency nature of privilege is what entails invisibility of privilege. For instance, the white people have racial identities as well as an invisible privilege of being white. This is because they do possess unseen powers as the dominant race in the social world: a perception created by individuals and groups of people which then stick as a social reality. These socially constructed realities become institutionalized and made into tradition. This kind of invisibility is then perpetuated into the modern society since the representation of white people and white culture are everywhere. McIntosh (1988) describes how whites carry an invisible privilege. As a white woman, she drew an analogy from her frustrations with males who are taught not to recogni ze their gender privilege. Plus she discovered she had learned to ignore her own white privilege. However, now she is aware of white privilege as an invisible weightless knapsack of special provisions which includes, maps, passports, codebooks, visas, clothes, tools, and blank checks (1989, p. We will write a custom essay sample on Confronting Race, Racism and White Privilege or any topic specifically for you Only $17.96 $11.86/page Born because all I knew is the people raising me are the only parents I had. They did not fall short of being excellent parents and between me and my other two white sisters there was no difference in terms of who was loved more than the others.

Political Instability in Pakistan Free Essays

Pakistan has been facing political crisis from its birth (1947) till now. From 1947 to 2010, In this long period many government changed but unfortunality they all could not Maintain the political environment stable, after ruling 1, 2 or three year that governments politically instable. Political instability is a situation when the uncertainty among the government structure expand due to some basic causes and it eventually end up the current government1. We will write a custom essay sample on Political Instability in Pakistan or any similar topic only for you Order Now We all know when a ruling party faces this sort of uncertainty so they do not do well for the public.They become unable to make polices for the development of the country. The internal matter gradually become uncontroll. law and order situation also become worse. The opposition parties take the advantage of this situation. They lead the public and compel them for strikes and all these things. eventually the governing government have to leave, if they don’t then then there is big possibility that a dictator take the hold and all the development ,internal ,foreign policies is stopped . his is what happening in our country. And after completing 60 year we still could not find our destination and even direction. If we see the political history then we have four Personalities who were military president, we also call them dictator. General Ayub Khan, who was president during 1958–69 Yahya Khan (1969–71) he had to deal with a civil war in 1971. economic downfall and political dissent in east Pakistan created many problems.After nine months of guerrilla warfare between Pakistan Army and the Bengali militia backed by India, eventually East Pakistan became independent state in the world map known as bangladash. which is a big loss. Then Civilian rule resumed in Pakistan from 1972 to 1977 under Zulfikar Ali Bhutto, until he was deposed and later sentenced to death in 1979 by General Zia-ul-Haq, who became the country’s third military president.Then in 1988, Benazir Bhutto came and country’s political and economic situation worsened due to corruption of her government and many other causes, Then in 1999 nawaz Sharif were ruling the country and Military tensions in the Cargill conflict with India and other circumstances General Pervez Musharraf assumed vast executive powers and became the president of Pakistan . people distributed sweets and they welcomed him with new hopes . public were in the favor of a dictator. Then what happened after 3 year or 4 it were the same public who cursed him. fcourse, there were many causes behind this entire story. According to a lawyer 1. He did wrong to kill nawab Akbar bhugtti 2. Operation in Waziristan 3. Lal masjid operation 4. He forced chief justice iftakhar Muhammad choudary to resign2. On 15 November 2007 the National Assembly completed its tenure and new elections were called. Due to the internal and external pressure the exiled political leaders Benazir Bhutto and Nawaz Sharif were permitted to return to Pakistan . then comes The assassination of Benazir Bhutto.We all know how much loss we had to face. (PPP) won the largest number of seats in the elections held in February 2008. they promised to solve the many burning issues but it seems that current government also facing political crisis . our study deals to explore the basic causes of political instability in Pakistan. A political stability is necessary for every state because everything is depended on it in a country such as eduction, living standard, stable institutions of a government structure and foreign relations 3. How to cite Political Instability in Pakistan, Papers