Project Risk and Procurement
Assignment 2:
This is an individual assignment worth 50% of the module mark. Word length 3000 words (do not exceed word limit). Do not include References in the word count.
Relates to Learning Outcomes:
• Demonstrate an understanding of the importance of procurement for global organisations operating in complex market environments
• Locate, synthesise and critically evaluate recent/current information from a wide range of published literature in the area of Project Risk and Procurement Management
Assignment Brief
A proactive strategic procurement operation can give the organisation it represents a competitive advantage by reducing waste in the value chain. Purchasing strategies, however, cannot be developed in isolation; they need to be integrated with corporate strategy to succeed.
Provide a critical discussion of the main reasons for the growth in the strategic role of procurement and why in practice this is often difficult to achieve, illustrating your answer with examples where appropriate.