Introduction
This Course Project offers students exposure to the procurement cycle through a series of project deliverables. In this scenario, input (Project Charter PPM Selection and Magic Quadrant for Strategic Portfolio Management) is presented to you, along with tools and examples, and the student is expected to produce specific outputs. This Course Project will make the course content come alive through the application of the principles from the textbook(s), course materials, and discussions. Each week, you will have Course Project assignments that will be related to the Course Outcomes aligned to that particular week. These assignments will build to the final presentation of your completed project.
Guidelines
This is an individual project. The topic of the project is preselected for you. The topic of the project is to select a PPM solution for the University of Prosperity. For the project, it is assumed that the student is the project manager leading the project and is an employee of the University of Prosperity. The Project Charter PPM Selection and the Magic Quadrant for Strategic Portfolio Management are provided as inputs. Additionally, tools and examples are provided to you. Finally, you are expected to produce weekly outputs as noted in the Course Project Deliverables section. Also, you will find a general background for what a PPM solution is.
What is a PPM solution?
PPM stands for project and portfolio management solution, and it is an integrated offering to address project management processes, often in real-time and edited by software and technology. A PPM solution empowers executive decision making by providing reliable accounts of the information required to align and prioritize an organization’s projects. Also, by allowing portfolio managers to manage and forecast resource allocations across the organization’s complete collection of approved projects (current and future), it also serves project teams by ensuring that project demand is realistic and achievable based on the organization’s actual capacity for project work. Figure 1 presents the PPM solution ecosystem that includes organizational strategy, project managers, project workers, project product users, project requesters, and project decision makers.
Project W1:
This week, you will produce your Procurement Management Plan for your project. Your plan will provide directions to manage procurement throughout the life of your project. The plan recognizes and describes the products and/or services to be acquired, the types of contracts to be used to support the project, and the contract approval process. Finally, it provides guidelines on how to disposition and defines decision criteria. Please use the Procurement Management Plan Tool provided to help you produce your project deliverable due this week.
The Procurement Management Plan must contain the following sections.
· Project Approach
· Roles and Responsibilities
· Procurement Management Processes
· Procurement Scope
· Procurement Risk and Risk Management
· Procurement Document Preparation
· Procurement Assumptions
Procurement Management Plan Tool
Use the
Procurement Management Plan Tool to produce this project deliverable.
