Unit Ⅴ Course Project Resource Acquisition Process Acquiring Project Resources What to Purchase The project entails installing automated project systems through advanced enterprise resource planning. The resources to be purchased include computer gadgets such as servers, ethernet cables, hardware drives, software systems that enhance security systems. Why Purchase The project entails updating all the plans and programs of the project such that the project outcomes will ensure that operations are carried out remotely and will enhance accountability and storage of information that is critical in making informed decisions (Ying, Hassan & Ahmad, 2019). When to Purchase The items will be purchased once the management has approved the project. The project team will outline the needs assessment in the organization. The projects team will outline all the products to be purchased, and the list will be displayed to the project shareholders. Once the shareholders approve the purchase, the project team in charge of procurement will buy the equipment (Ding & Huang, 2019).
Unit Ⅴ Course Project
Resource Acquisition Process
Acquiring Project Resources
What to Purchase
The project entails installing automated project systems through advanced enterprise resource planning. The resources to be purchased include computer gadgets such as servers, ethernet cables, hardware drives, software systems that enhance security systems.
Why Purchase
The project entails updating all the plans and programs of the project such that the project outcomes will ensure that operations are carried out remotely and will enhance accountability and storage of information that is critical in making informed decisions (Ying, Hassan & Ahmad, 2019).
When to Purchase
The items will be purchased once the management has approved the project. The project team will outline the needs assessment in the organization. The projects team will outline all the products to be purchased, and the list will be displayed to the project shareholders. Once the shareholders approve the purchase, the project team in charge of procurement will buy the equipment (Ding & Huang, 2019).
How to Purchase
After approval by the project sponsors to purchase these systems, the project team will outsource some of the vendors in the industry. They will look into the price and quality of the products, and the most efficient product will be chosen. Equipment purchased will be for the sole purpose of updating these systems (Jiang et al., 2018).
References
Ding, M., & Huang, X. (2019). Research on the effect of external resource acquisition on process innovation. Open Journal of Business and Management, 7(02), 755.
Jiang, X., Liu, H., Fey, C., & Jiang, F. (2018). Entrepreneurial orientation, network resource acquisition, and firm performance: A network approach. Journal of Business Research, 87, 46-57.
Ying, Q., Hassan, H., & Ahmad, H. (2019). The role of a manager’s intangible capabilities in resource acquisition and sustainable competitive performance. Sustainability, 11(2), 527.
Determine the resources Required
Labor
Acquire the Resources
Involve the appropriate purchases team.
Manage the resources
Human Resource
Control Resource Usage
Monitoring all the processes
Materials
Equipment
Facilities
Other
set up a local purchase order.
Look into the number of vendors
select the most efficient vendor
make the purchase
Subcontractors
Tools and equipment
Facilities
Solve any deviations brought about.
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