Pm 598 Quiz 3 Answers Essay

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Quiz Review
PM 598
The following topics will be helpful to review in preparation for the week three quiz. 1. Ways to gain maximum results in an e-procurement environment.
E-procurement has had an increasingly important role in business-to-business(B2B) commerce. Web-enabled B2B e-commerce enhances inter-organizational coordination resulting in transaction cost savings and competitive sourcing opportunities for the buyer organization. E-business has radically altered the ways in which firms interact with their suppliers(Phillips 2003). Continued improvements in Internet technology connectivity provide an opportunity to make procurement for goods and services more transparent and efficient. Six forms of e-procurement applications
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* CMs, however, seldom are in charge of the day-to-day project planning or operation. Yet, as individuals authorized to enter into legally binding contractual arrangements, they may shoulder the responsibility for having critical resources available as needed under tight, often conflicting or unrealistic time frames. Alternatively, they may be placed in an advisory or support role to PMs who have contracting authority, or they may share responsibility and authority for many tasks typically thought of as contract management tasks, including pre-contract award actions, contract negotiation, and - award actions.
Project management is principally represented by the Project Management Institute (PMI) and the International Project Management Association (IPMA). PMI has more than 320,000 members from more than 150 countries worldwide. IPMA's members are predominantly European. * PMs typically are responsible for ensuring the coordinated undertaking of goal-oriented projects. Often they work in a matrix organization characterized by multifunctional teams composed of product line, professional services, functional area (engineering, manufacturing, systems integration), and geographical area (country, region, plant) representatives. * PMs serve as multifunctional team leaders on one or more projects, shouldering the responsibility for achieving the desired results for these projects. 4. How to build successful partnerships 5.

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