CPMGT302_Week4_Team3_Procurement_Contracting_Process_Paper__1_.docx CPMGT302 Procurement

CPMGT302_Week4_Team3_Procurement_Contracting_Process_Paper__1_.docx  CPMGT302  Procurement Contracting Process Analysis Paper  Team 3  CPMGT302  Below we will outline the contract resource procurement process for the storage yard expansion project, from identifying which resources must be contracted to selecting vendors and closing contracts.  We believe the process defined will assist in negotiating the best purchase, by ensuring every aspect of the contract terms and requirements are thoroughly outlined and each vendor is compared on these terms. This process allows the organization to efficiently achieve the results desired by establishing standards and mitigating risks. Since the expansion project involves significant risk, we will also outline our risk identification process and the role of risk management in the process.  This process can be improved upon by Wills organization in many ways, weve included our suggestions in the area as well.    Contract Procurement Process      Once the project has identified all the goods and services that will be required for the storage yard expansion, we will use the described process for contract resource procurement. The first step will be to determine if the resources need to be purchased externally or if they are available internally. An example of an internal resource may simply be human resources. Once that has been completed, we will move into the pre-award phase. During this phase we will need to identify a price that we will pay, along with any special requirements. During this phase we will