Assignment Prompt & Instructions
– ## 598W2.docx
– ## Procurement_Strategy_Tool_with_Instructions.docx
**## 598W2.docx**
This week, you are required to produce your project Procurement Strategy deliverable. Your Procurement Strategy will define how procurements will be planned, executed, and managed throughout the life of the project. The Procurement Strategy is prepared during the planning process phase of your project. The proposed audience is the project manager, project team, project sponsor, procurement manager, and/or contract manager, and any senior leaders whose support is needed to carry out acquisition plans. Please use the Procurement Strategy Tool provided to help you produce your project deliverable due this week.
The Procurement Strategy must contain the following sections.
· Business Problem
· Applicable Assumption
· Delivery Method and Performance-Period Requirements
· Contract Type
· Procurement Phases
**Procurement Strategy Tool**
Use the Procurement Strategy Tool Download Procurement Strategy Tool to produce this project deliverable.
**## Procurement_Strategy_Tool_with_Instructions.docx**
**University of Prosperity**
**Procurement Strategy**
**Tool**
**University of Prosperity PPM Selection Project**
**PPM Selection Project**
**University of Prosperity**
**Procurement Strategy Tool** | Page 12
Table of Contents
[1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [Background and Objective](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275)
[1.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [Business Problem](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276)
[1.2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [Applicable Assumption](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277)
[1.3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [Delivery Method and Performance-Period Requirements](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278)
[2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [Contract](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279)
[2.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [Contract Type](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280)
[3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [Procurement](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281)
[3.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [Procurement Phases](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
[Introduction to the Procurement Strategy Tool\
\
This tool will help you define your project procurement strategy. In this scenario, you would use this tool to define how procurements will be planned, executed, and managed throughout the life of the project. The Procurement Strategy deliverable outlines the actions necessary to execute the acquisition strategy. \
\
The Procurement Strategy is prepared during the Planning Process Phase of your project. The proposed audience is the project manager, project team, project sponsor, procurement manager and /or Contract Manager, and any senior leaders whose support is needed to carry out acquisition plans.\
\
The following tool serves as a sample and guide to producing your Procurement Strategy deliverable along with instructions and descriptions to guide you in understanding how to complete it.\
\
Tool style conventions are as follows:\
\
| | |\
| — | — |\
| Style | Convention |\
| Normal text | Designates placeholder text that can be used for your project |\
| [Instructional text in brackets] | Designates text that is to be replaced/edited/deleted |\
| _Example text in italics_ | _Designates text that might be replaced/edited/deleted_ |\
\
As you use this sample / tool, please remember to delete all instructional text (including this section) and update the following items, as applicable:\
\
· title page\
\
· table of contents\
\
· headers\
\
· footers](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
## Background and Objective
### Business Problem
[Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
[This section should identify the list of business problems as a part of the general background and objectives for the project. The following activities are examples:]
·
_Lack of strategic alignment_
· Limitations for not having a system of record for project and portfolio management
· Lack of streamlined processes for project management
· Opportunities to improve organizational productivity
### Applicable Assumption
[State all applicable assumptions and general conditions affecting the procurement, such as constraints for schedule, cost, scope, resources, and technology implications. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption.]
[This section should identify the list of the applicable procurement assumptions as a part of the general background and objectives for the project. The following activities are examples:]
· Schedule
· Cost
· Scope
· Resource
· Technical
### Delivery Method and Performance-Period Requirements
[Describe the basis for establishing delivery and performance-period requirements. Explain and provide reasons for any urgency if it constitutes justification for not providing for full and open competition. Feel free to make any assumptions you feel necessary. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption. For the “Delivery Method,” you are expected to use PMBOK 6th Edition Section 12.1.3.2: Procurement Strategy / Delivery Method, and feel free to make the necessary assumptions as you feel necessary. It is expected you would select the “Professional Services, delivery Methods”, option that is presented in the PMBOK 6th Edition, as it is aligned to this project.]
## Contract
### Contract Type
[Describe the type of contract the project will use for your project. Feel free to make any assumption as you feel necessary and provide a narrative to explain the rationale for your selection. You expected to use the PMBOK 6th and 7th edition to inform your contract type selection. PMBOK 6th Edition, Section 12.1.1.6 – Contract Types.]
_Example:_
_All products and services for this project will be solicited under firm-fixed-price contracts. The project team will define the items, types, quantities, services, and required delivery dates. Once approved by the Project Sponsor, the request for proposal (RFP) will solicit bids from vendors to procure the required items, within the required time frame, and at the best value to the state under the firm-fixed-price contract with the selected vendor._
## Procurement
### Procurement Phases
[Define the Procurement Phases for your project. Feel free to conduct your own research to inform this section. Feel free to use the resources noted below to complete this section, and the example provided below. You expected to use the PMBOK 6th Edition Section 12.1.3.2: Procurement Phases to inform this selection.]
_Example: Feel free to use this example to inform your Procurement Phases. Do your own research and tailor as you feel appropriate?_
_Phase 1: Analyze Vendors in the PPM Solution Market_
_Start with an Analysis Kick-off Call_
_Phase 2: Prepare a Request for Proposal (RFP)_
_Review Vendor Short List_
_Phase 3: Evaluate & Score Vendors Based on RFP Responses_
_Review the completed PPM solution RFP_
_Review the Magic Quadrant for Strategic Portfolio Managmetn, by Gartner (2022)._
_Prioritize Vendors in the use case according to the Project Objectives, presetned in the Project Charter_PPM Selection Project._
_Define a Vendor Short List._
_Review your PPM Solution Requirements_
_Review the RFP Process_
_Create a PPM Solution RFP based on the Universiry of Prosperity PPM Solution Requirements_
_Answer any pending questions related to the RFP_
_Discuss scores by the RFP responses and vendor presentations_
_Produce a Vendor Scorecard_
_Evaluate vendors RFP's and presentations using the scorecard._
**## Procurement_Strategy_Tool_with_Instructions.docx**
**University of Prosperity**
**Procurement Strategy**
**Tool**
**University of Prosperity PPM Selection Project**
**PPM Selection Project**
**University of Prosperity**
**Procurement Strategy Tool** | Page 12
Table of Contents
[1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [Background and Objective](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275)
[1.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [Business Problem](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276)
[1.2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [Applicable Assumption](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277)
[1.3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [Delivery Method and Performance-Period Requirements](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278)
[2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [Contract](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279)
[2.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [Contract Type](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280)
[3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [Procurement](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281)
[3.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [Procurement Phases](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
[Introduction to the Procurement Strategy Tool\
\
This tool will help you define your project procurement strategy. In this scenario, you would use this tool to define how procurements will be planned, executed, and managed throughout the life of the project. The Procurement Strategy deliverable outlines the actions necessary to execute the acquisition strategy. \
\
The Procurement Strategy is prepared during the Planning Process Phase of your project. The proposed audience is the project manager, project team, project sponsor, procurement manager and /or Contract Manager, and any senior leaders whose support is needed to carry out acquisition plans.\
\
The following tool serves as a sample and guide to producing your Procurement Strategy deliverable along with instructions and descriptions to guide you in understanding how to complete it.\
\
Tool style conventions are as follows:\
\
| | |\
| — | — |\
| Style | Convention |\
| Normal text | Designates placeholder text that can be used for your project |\
| [Instructional text in brackets] | Designates text that is to be replaced/edited/deleted |\
| _Example text in italics_ | _Designates text that might be replaced/edited/deleted_ |\
\
As you use this sample / tool, please remember to delete all instructional text (including this section) and update the following items, as applicable:\
\
· title page\
\
· table of contents\
\
· headers\
\
· footers](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
## Background and Objective
### Business Problem
[Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
[This section should identify the list of business problems as a part of the general background and objectives for the project. The following activities are examples:]
·
_Lack of strategic alignment_
· Limitations for not having a system of record for project and portfolio management
· Lack of streamlined processes for project management
· Opportunities to improve organizational productivity
### Applicable Assumption
[State all applicable assumptions and general conditions affecting the procurement, such as constraints for schedule, cost, scope, resources, and technology implications. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption.]
[This section should identify the list of the applicable procurement assumptions as a part of the general background and objectives for the project. The following activities are examples:]
· Schedule
· Cost
· Scope
· Resource
· Technical
### Delivery Method and Performance-Period Requirements
[Describe the basis for establishing delivery and performance-period requirements. Explain and provide reasons for any urgency if it constitutes justification for not providing for full and open competition. Feel free to make any assumptions you feel necessary. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption. For the “Delivery Method,” you are expected to use PMBOK 6th Edition Section 12.1.3.2: Procurement Strategy / Delivery Method, and feel free to make the necessary assumptions as you feel necessary. It is expected you would select the “Professional Services, delivery Methods”, option that is presented in the PMBOK 6th Edition, as it is aligned to this project.]
## Contract
### Contract Type
[Describe the type of contract the project will use for your project. Feel free to make any assumption as you feel necessary and provide a narrative to explain the rationale for your selection. You expected to use the PMBOK 6th and 7th edition to inform your contract type selection. PMBOK 6th Edition, Section 12.1.1.6 – Contract Types.]
_Example:_
_All products and services for this project will be solicited under firm-fixed-price contracts. The project team will define the items, types, quantities, services, and required delivery dates. Once approved by the Project Sponsor, the request for proposal (RFP) will solicit bids from vendors to procure the required items, within the required time frame, and at the best value to the state under the firm-fixed-price contract with the selected vendor._
## Procurement
### Procurement Phases
[Define the Procurement Phases for your project. Feel free to conduct your own research to inform this section. Feel free to use the resources noted below to complete this section, and the example provided below. You expected to use the PMBOK 6th Edition Section 12.1.3.2: Procurement Phases to inform this selection.]
_Example: Feel free to use this example to inform your Procurement Phases. Do your own research and tailor as you feel appropriate?_
_Phase 1: Analyze Vendors in the PPM Solution Market_
_Start with an Analysis Kick-off Call_
_Phase 2: Prepare a Request for Proposal (RFP)_
_Review Vendor Short List_
_Phase 3: Evaluate & Score Vendors Based on RFP Responses_
_Review the completed PPM solution RFP_
_Review the Magic Quadrant for Strategic Portfolio Managmetn, by Gartner (2022)._
_Prioritize Vendors in the use case according to the Project Objectives, presetned in the Project Charter_PPM Selection Project._
_Define a Vendor Short List._
_Review your PPM Solution Requirements_
_Review the RFP Process_
_Create a PPM Solution RFP based on the Universiry of Prosperity PPM Solution Requirements_
_Answer any pending questions related to the RFP_
_Discuss scores by the RFP responses and vendor presentations_
_Produce a Vendor Scorecard_
_Evaluate vendors RFP's and presentations using the scorecard._
**## 598W2.docx**
This week, you are required to produce your project Procurement Strategy deliverable. Your Procurement Strategy will define how procurements will be planned, executed, and managed throughout the life of the project. The Procurement Strategy is prepared during the planning process phase of your project. The proposed audience is the project manager, project team, project sponsor, procurement manager, and/or contract manager, and any senior leaders whose support is needed to carry out acquisition plans. Please use the Procurement Strategy Tool provided to help you produce your project deliverable due this week.
The Procurement Strategy must contain the following sections.
· Business Problem
· Applicable Assumption
· Delivery Method and Performance-Period Requirements
· Contract Type
· Procurement Phases
**Procurement Strategy Tool**
Use the Procurement Strategy Tool Download Procurement Strategy Tool to produce this project deliverable.
**## Procurement_Strategy_Tool_with_Instructions.docx**
**University of Prosperity**
**Procurement Strategy**
**Tool**
**University of Prosperity PPM Selection Project**
**PPM Selection Project**
**University of Prosperity**
**Procurement Strategy Tool** | Page 12
Table of Contents
[1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [Background and Objective](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275)
[1.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [Business Problem](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276)
[1.2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [Applicable Assumption](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277)
[1.3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [Delivery Method and Performance-Period Requirements](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278)
[2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [Contract](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279)
[2.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [Contract Type](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280)
[3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [Procurement](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281)
[3.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [Procurement Phases](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
[Introduction to the Procurement Strategy Tool\
\
This tool will help you define your project procurement strategy. In this scenario, you would use this tool to define how procurements will be planned, executed, and managed throughout the life of the project. The Procurement Strategy deliverable outlines the actions necessary to execute the acquisition strategy. \
\
The Procurement Strategy is prepared during the Planning Process Phase of your project. The proposed audience is the project manager, project team, project sponsor, procurement manager and /or Contract Manager, and any senior leaders whose support is needed to carry out acquisition plans.\
\
The following tool serves as a sample and guide to producing your Procurement Strategy deliverable along with instructions and descriptions to guide you in understanding how to complete it.\
\
Tool style conventions are as follows:\
\
| | |\
| — | — |\
| Style | Convention |\
| Normal text | Designates placeholder text that can be used for your project |\
| [Instructional text in brackets] | Designates text that is to be replaced/edited/deleted |\
| _Example text in italics_ | _Designates text that might be replaced/edited/deleted_ |\
\
As you use this sample / tool, please remember to delete all instructional text (including this section) and update the following items, as applicable:\
\
· title page\
\
· table of contents\
\
· headers\
\
· footers](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
## Background and Objective
### Business Problem
[Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
[This section should identify the list of business problems as a part of the general background and objectives for the project. The following activities are examples:]
·
_Lack of strategic alignment_
· Limitations for not having a system of record for project and portfolio management
· Lack of streamlined processes for project management
· Opportunities to improve organizational productivity
### Applicable Assumption
[State all applicable assumptions and general conditions affecting the procurement, such as constraints for schedule, cost, scope, resources, and technology implications. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption.]
[This section should identify the list of the applicable procurement assumptions as a part of the general background and objectives for the project. The following activities are examples:]
· Schedule
· Cost
· Scope
· Resource
· Technical
### Delivery Method and Performance-Period Requirements
[Describe the basis for establishing delivery and performance-period requirements. Explain and provide reasons for any urgency if it constitutes justification for not providing for full and open competition. Feel free to make any assumptions you feel necessary. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption. For the “Delivery Method,” you are expected to use PMBOK 6th Edition Section 12.1.3.2: Procurement Strategy / Delivery Method, and feel free to make the necessary assumptions as you feel necessary. It is expected you would select the “Professional Services, delivery Methods”, option that is presented in the PMBOK 6th Edition, as it is aligned to this project.]
## Contract
### Contract Type
[Describe the type of contract the project will use for your project. Feel free to make any assumption as you feel necessary and provide a narrative to explain the rationale for your selection. You expected to use the PMBOK 6th and 7th edition to inform your contract type selection. PMBOK 6th Edition, Section 12.1.1.6 – Contract Types.]
_Example:_
_All products and services for this project will be solicited under firm-fixed-price contracts. The project team will define the items, types, quantities, services, and required delivery dates. Once approved by the Project Sponsor, the request for proposal (RFP) will solicit bids from vendors to procure the required items, within the required time frame, and at the best value to the state under the firm-fixed-price contract with the selected vendor._
## Procurement
### Procurement Phases
[Define the Procurement Phases for your project. Feel free to conduct your own research to inform this section. Feel free to use the resources noted below to complete this section, and the example provided below. You expected to use the PMBOK 6th Edition Section 12.1.3.2: Procurement Phases to inform this selection.]
_Example: Feel free to use this example to inform your Procurement Phases. Do your own research and tailor as you feel appropriate?_
_Phase 1: Analyze Vendors in the PPM Solution Market_
_Start with an Analysis Kick-off Call_
_Phase 2: Prepare a Request for Proposal (RFP)_
_Review Vendor Short List_
_Phase 3: Evaluate & Score Vendors Based on RFP Responses_
_Review the completed PPM solution RFP_
_Review the Magic Quadrant for Strategic Portfolio Managmetn, by Gartner (2022)._
_Prioritize Vendors in the use case according to the Project Objectives, presetned in the Project Charter_PPM Selection Project._
_Define a Vendor Short List._
_Review your PPM Solution Requirements_
_Review the RFP Process_
_Create a PPM Solution RFP based on the Universiry of Prosperity PPM Solution Requirements_
_Answer any pending questions related to the RFP_
_Discuss scores by the RFP responses and vendor presentations_
_Produce a Vendor Scorecard_
_Evaluate vendors RFP's and presentations using the scorecard._
**## 598W2.docx**
This week, you are required to produce your project Procurement Strategy deliverable. Your Procurement Strategy will define how procurements will be planned, executed, and managed throughout the life of the project. The Procurement Strategy is prepared during the planning process phase of your project. The proposed audience is the project manager, project team, project sponsor, procurement manager, and/or contract manager, and any senior leaders whose support is needed to carry out acquisition plans. Please use the Procurement Strategy Tool provided to help you produce your project deliverable due this week.
The Procurement Strategy must contain the following sections.
· Business Problem
· Applicable Assumption
· Delivery Method and Performance-Period Requirements
· Contract Type
· Procurement Phases
**Procurement Strategy Tool**
Use the Procurement Strategy Tool Download Procurement Strategy Tool to produce this project deliverable.
**## Procurement_Strategy_Tool_with_Instructions.docx**
**University of Prosperity**
**Procurement Strategy**
**Tool**
**University of Prosperity PPM Selection Project**
**PPM Selection Project**
**University of Prosperity**
**Procurement Strategy Tool** | Page 12
Table of Contents
[1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [Background and Objective](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371275)
[1.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [Business Problem](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371276)
[1.2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [Applicable Assumption](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371277)
[1.3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [Delivery Method and Performance-Period Requirements](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278) [4](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371278)
[2](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [Contract](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371279)
[2.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [Contract Type](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371280)
[3](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [Procurement](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371281)
[3.1](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [Procurement Phases](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282) [5](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
[Introduction to the Procurement Strategy Tool\
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This tool will help you define your project procurement strategy. In this scenario, you would use this tool to define how procurements will be planned, executed, and managed throughout the life of the project. The Procurement Strategy deliverable outlines the actions necessary to execute the acquisition strategy. \
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The Procurement Strategy is prepared during the Planning Process Phase of your project. The proposed audience is the project manager, project team, project sponsor, procurement manager and /or Contract Manager, and any senior leaders whose support is needed to carry out acquisition plans.\
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The following tool serves as a sample and guide to producing your Procurement Strategy deliverable along with instructions and descriptions to guide you in understanding how to complete it.\
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Tool style conventions are as follows:\
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| Style | Convention |\
| Normal text | Designates placeholder text that can be used for your project |\
| [Instructional text in brackets] | Designates text that is to be replaced/edited/deleted |\
| _Example text in italics_ | _Designates text that might be replaced/edited/deleted_ |\
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As you use this sample / tool, please remember to delete all instructional text (including this section) and update the following items, as applicable:\
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· title page\
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· table of contents\
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· headers\
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· footers](https://www.sweetstudy.com/questions/procureent-strategy#_Toc132371282)
## Background and Objective
### Business Problem
[Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
[This section should identify the list of business problems as a part of the general background and objectives for the project. The following activities are examples:]
·
_Lack of strategic alignment_
· Limitations for not having a system of record for project and portfolio management
· Lack of streamlined processes for project management
· Opportunities to improve organizational productivity
### Applicable Assumption
[State all applicable assumptions and general conditions affecting the procurement, such as constraints for schedule, cost, scope, resources, and technology implications. You expected to use the Project Charter for the project presented to you as input, section 2: Business Problem.]
Describe the Business Problem. Summarize the existent gaps between the current state and desired state for the University of Prosperity project and portfolio management capabilities. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption.]
[This section should identify the list of the applicable procurement assumptions as a part of the general background and objectives for the project. The following activities are examples:]
· Schedule
· Cost
· Scope
· Resource
· Technical
### Delivery Method and Performance-Period Requirements
[Describe the basis for establishing delivery and performance-period requirements. Explain and provide reasons for any urgency if it constitutes justification for not providing for full and open competition. Feel free to make any assumptions you feel necessary. You expected to use the Project Charter for the project presented to you as input, section 7: Procurement Assumption. For the “Delivery Method,” you are expected to use PMBOK 6th Edition Section 12.1.3.2: Procurement Strategy / Delivery Method, and feel free to make the necessary assumptions as you feel necessary. It is expected you would select the “Professional Services, delivery Methods”, option that is presented in the PMBOK 6th Edition, as it is aligned to this project.]
## Contract
### Contract Type
[Describe the type of contract the project will use for your project. Feel free to make any assumption as you feel necessary and provide a narrative to explain the rationale for your selection. You expected to use the PMBOK 6th and 7th edition to inform your contract type selection. PMBOK 6th Edition, Section 12.1.1.6 – Contract Types.]
_Example:_
_All products and services for this project will be solicited under firm-fixed-price contracts. The project team will define the items, types, quantities, services, and required delivery dates. Once approved by the Project Sponsor, the request for proposal (RFP) will solicit bids from vendors to procure the required items, within the required time frame, and at the best value to the state under the firm-fixed-price contract with the selected vendor._
## Procurement
### Procurement Phases
[Define the Procurement Phases for your project. Feel free to conduct your own research to inform this section. Feel free to use the resources noted below to complete this section, and the example provided below. You expected to use the PMBOK 6th Edition Section 12.1.3.2: Procurement Phases to inform this selection.]
_Example: Feel free to use this example to inform your Procurement Phases. Do your own research and tailor as you feel appropriate?_
_Phase 1: Analyze Vendors in the PPM Solution Market_
_Start with an Analysis Kick-off Call_
_Phase 2: Prepare a Request for Proposal (RFP)_
_Review Vendor Short List_
_Phase 3: Evaluate & Score Vendors Based on RFP Responses_
_Review the completed PPM solution RFP_
_Review the Magic Quadrant for Strategic Portfolio Managmetn, by Gartner (2022)._
_Prioritize Vendors in the use case according to the Project Objectives, presetned in the Project Charter_PPM Selection Project._
_Define a Vendor Short List._
_Review your PPM Solution Requirements_
_Review the RFP Process_
_Create a PPM Solution RFP based on the Universiry of Prosperity PPM Solution Requirements_
_Answer any pending questions related to the RFP_
_Discuss scores by the RFP responses and vendor presentations_
_Produce a Vendor Scorecard_
_Evaluate vendors RFP's and presentations using the scorecard._
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