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The AMA Handbook of Project Management, 3rd Edition by Jeannette CABANIS-BREWIN, Paul C. DINSMORE

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CHAPTER 15Project Procurement Management in Practice

JUDITH A. EDWARDS, PHD, PMP, IEEE, SM; CONSULTANT

Procurement practice is one of those things that organizations and teams acknowledge is important up to a point—the point of actually performing the practice. The rationale for not implementing the procurement practice is that it costs too much or takes too long. However, many failed procurement outcomes have root cause in avoiding key elements in the process. The risk of not performing the process is seldom assessed when waivers or deviations occur. Yet many organizations owe their successful outcomes to project procurement management best practice.

Procurements should be a “project” and managed as such, even for small efforts. This chapter ...

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