Project Procurement Management Essay Example | Topics and Well Written Essays - 750 words

Project Procurement Management - Essay ExampleA signed take away authorizes the Project Team to begin work on the project.Project Schedule gives planned dates for starting and complementary activities and milestones. Project schedule could be an addendum to the project learn or be part of the charter document itself to provide a high-level timeline of the project to the management and the stakeholders.The Project charter should contain edgy estimates for the management to budget for the project or choose to approve this project over other projects that ar in contention for the funding. This could also be included in the charter document itself or be a separate supporting document as an enclosure.Expense itemCosts$ detonator beHardware$25,000.00Software$106,000.00Infrastructure$83,000.00Installation$12,000.00Professional work - implementation and training$200,000.00Others$53,000.00Total Capital Costs$479,000.00First Year Operating CostsSalaries$300,000.00Computer Operational to lls$85,000.00Contracted Services$200,000.00Professional services$150,000.00Others$75,000.00Total first year operational costs$810,000.00Total budget cost estimate$1,289,000.00References1. Project Charter definedAuthority DocumentationComparing Prince2 with PMBOKhttp//www.maxwideman.com/papers/comparing/authority.htm2. What should a project charter containA Project Charter templatehttp//www.vita.virginia.gov/projects/