Write 12 page essay on the topic Building Procurement Systems.
To overcome this problem, an open system becomes mandatory. Open systems provide the developers with varied options and allow them to develop a project that is entirely based on the client’s requirements and needs. It ensures that modifications are made possible even at the last stage of the development process. Due to this factor, open systems are being implemented in most of the organizations. This paper emphasizes the fact that open systems are more beneficial and gives space for customer’s ideas and innovation.
Project management has been one of the important aspects of any organization. Project management involves various activities which enable the organization to accomplish the given tasks. It is a tedious task since various components are integrated to form a single unit and to maintain and manage a particular project. (Morris& Pinto, 2004).An organization creates, develops and maintains a project based on the client’s requirements. Once the client’s requirements are received, the project is developed. A project cannot be developed without a well-defined set of principles. This is accomplished using project management. Project management is a complete set of techniques and principles that define the way in which a project should be developed. This eases the process of project development and maintenance. These principles are implemented to manage the teams, cost of the project, allocation of resources and the risks that may arise during the project development phase.
Project management defines the way in which a project must be developed and proposes certain strategies and planning procedures. (Moore, 2002).The project management procedure is common for any type of project since it is a general guideline to develop projects. It improves the overall performance of the project by implementing the best procedures and aims at minimizing risks. .