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Project Management for Engineering Design by Charles Lessard

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CHAPTER 9

Project Procurement Management

So far, Chapters 4 through 8 have covered the four core knowledge areas: scope, time, cost, and quality management, respectively; Chapters 9 through 12 will cover the four facilitating knowledge areas: procurement management, human resources, communication, and risk. This chapter focuses on project procurement management. The term “procurement” generally means acquiring goods and/or services from an outside source; however, other terms such as “purchasing” or “outsourcing” are often used interchangeably to mean procurement. Often an organization will outsource or purchase components or subunits for another source (company) for various reasons, such as possible reduction in fixed and recurrent costs, to ...

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