PJM400 Module 8: Portfolio ProjectPortfolio Project (300 Poi
PJM400 Module 8: Portfolio ProjectPortfolio Project (300 Points)Important! Read FirstChoose one of the following two assignments to complete this week. Donot do both assignments. Identify your assignment choice in the titleof your submission.Option #1: The Complete Procurement Management Process NOTE: This option will focus on procurement from theprocurement management perspective and will include discussion andanalysis of project management. You may want to select this option ifyou are not getting a degree in Project Management.For this option, you will write a paper presenting a completeprocurement management process for an organization of your choosing. Thepaper will be based on the procurement practices of an organization youhave researched. The elements you must include are:Requirements – Planning the ProcurementRequisitions – Conducting the ProcurementSolicitations – Requesting Seller ResponseAwards – Selecting SellersAdministrationContracts, Incentives, and RisksQuality and ClosureYou are building on the work you’ve completed in the discussionforums and Critical Thinking Assignments. Be sure to incorporatefeedback you have received along the way.Your paper must have:An introduction. Use your introduction to summarize and define your topic, including a clear statement of the procurement goal.A discussion or body that must include:A discussion of the implications of proposed solutions forprocurement and contracts. Also, be sure to properly organize yourwriting and include other headings/subheadings for the body of your workassociated with each of the bulleted items above.A discussion of how procurement works within project teams to facilitate the needs of projects.A discussion of how procurement works within a global environment to facilitate the needs of projects.Your evaluation and conclusion regarding possible methods ofmanaging or addressing the problem raised by your opinion on the issues(supported by research). Relate your paper to larger (broader)procurement and contract management issues as found in the coursereadings.Current, relevant research from at least 6-8 credible sources that are notused as readings in this course. At least three references must bepeer-reviewed, scholarly sources and the rest may be trade orprofessional procurement management You may certainly use your textbookand course readings but these do not count as part of the required 6-8sources. The CSU-Global Library is a good place to find your resources.Cite and reference all sources used.A conclusionThe paper is expected to provide a thoughtful analysis on the topic.You are encouraged to add your own opinions, but these should becarefully considered and supported by evidence or outside rationale.Note: This project has two Portfolio Milestones:By the end of Week 3, you should secure approval from your instructor regarding your topic.By the end of Week 5, submit a detailed outline of your Portfolio Project paper for review and feedback from your instructor.You will be expected to account for the instructor’s feedback in your final version of the paper.Your paper should be 8-10 pages in length (not counting the cover and reference pages that you must include) and conform to the CSU-Global Guide to Writing & APA. (Links to an external site.)Option #2: Procurement in Project Management NOTE: This option will focus on procurement planningwithin projects and include discussion and analysis of the procurementmanager’s role within the project. You may want to select this option ifyou are majoring in project management.For this option, you will write a paper presenting a projectprocurement scenario from the project management perspective (example –you are leading a project that needs to purchase materials, services, orresources).The paper will be based on procurement as defined by PMBOK®. You must include the following elements:Plan Procurement ManagementConduct ProcurementsControl ProcurementsClose ProcurementsYour paper must have:An introduction. Use your introduction to summarize and define yourtopic, including a clear statement of the procurement goal. Also, besure to properly organize your writing and include otherheadings/subheadings for the body of your work associated with each ofthe bulleted items above.The discussion or body. The body of the paper must include:A discussion of the implications of proposed solutions for procurement and contracts.A discussion of how procurement works within project teams to facilitate the needs of projects.A discussion of how procurement works within a global environment to facilitate the needs of projects.Your evaluation and conclusion regarding possible methods ofmanaging or addressing the problem raised by your opinion on the issues(supported by research).Current, relevant research from at least 6-8 credible sources that are notused as readings in this course. At least three references must bepeer-reviewed, scholarly sources and the rest may be trade orprofessional procurement management You may certainly use your textbookand course readings but these do not count as part of the required 6-8sources. The CSU-Global Library is a good place to find your resources.Cite and reference all sources used.A conclusion.The paper is expected to provide thoughtful analysis on the topic.Relate your paper to broader procurement and contract management issues,as discussed throughout the course. You are encouraged to add your ownopinions, but those opinions should be carefully considered andsupported by evidence. You are building on the work you’ve completed inthe discussion forums and Critical Thinking Assignments. Be sure toincorporate feedback you have received along the way.Note that this project has two preliminary deliverables or Portfolio Milestones:By the end of Week 3, you should secure approval from your instructor regarding your scenario.By the end of Week 5, submit a detailed outline of your Portfolio Project paper for review and feedback from your instructor.You will be expected to account for the instructor’s feedback in your final version of the paper.Your paper should be 8-10 pages in length (not counting the cover and reference page
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